How to sell motorhome with existing loan

RCtime wrote:

robsouth wrote:

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.

I sold a 5th wheel using those same terms. All went well and everyone was satisfied. It happens everyday. I don't see the "iffy" part.

Yes, I understand your hesitation. I bought mine the same way, however They had to show me a title clear and free, they owed 20,000 more than the selling price and no way was I going to pony up the money to pay off their mortgage and expect everything to come out OK.
they had to do whatever they did to get the title 1st and then we made a deal

In most cases that would not work. The bank would tell you to go bury your head in the sand if you were asking for a lien release before they were paid in full. Unless the seller has enough cash on hand to pay the MH off upfront then I don't see how you would get a free and clear title first. If that WERE the case then we wouldn't even be having this conversation of how to buy/sell a MH with a lien on the title would we?

Point is don't scare a potential buyer from backing out of the deal because you don't know the steps to secure a title for the buyer. This is done every day in the business world there is no reason it can not be done on a personal level between two individuals.