Getting ready to buy a used Jayco 31FS
OK, we are REALLY excited, but a little apprehensive - tomorrow we are going to look (and hopefully buy) a 2010 Jayco 31FS. I have a few questions I hope someone can help us with. 1. The sellers owe ...
Forum Discussion
If you wire the money to THEIR BANK then what iron-clad guarantee do you have that they will use this money to pay off the loan on the RV? Once it is in their account they can do whatever they want with it. Also, how do you know for sure that they can make up the difference and pay off the loan even if they use your money? The ONLY safe way to do this is to go with them to the lienholder and see that they personally pay off the note and then have the title put in your name. If the lienholder is somewhere far away that may not be practical or even possible. Even if the sellers are honest people this is a risky proposition at best. As others have said the lienholder will NOT release the title until the note is paid in full.
