How to sell motorhome with existing loan
I am seriously considering selling my '08 motorhome. My concern is that I still have an outstanding loan on the rig. I sold my previous rig with a bill of sale, which stated that the title would be pr...
Forum Discussion
Sea Dog wrote:
I backed out of the deal on a really nice fiver.
I am Canadian, this was in Florida.
The vendor had a loan at a bank in Mass.
She wanted cash paid to her, with which she would pay off the loan,
then, she said, the bank would send us the title.
Sounded iffy to me, so we backed out.
Still regret losing the trailer.
Big red flag there for sure and one must always deal directly with the lien holder, whether buying or selling.
