Forum Discussion
westernrvparkow
Feb 28, 2015Explorer
Roy&Lynne wrote:Wire transfers, not checks. Checks can be forged or lost, as a recent tread illustrated. Wires are safe and virtually fraud proof.1L243 wrote:
Option 1
Option 2
If lender and title are out of the area, seller gives you certified check made out to lender for Pay Off. (to be safe you can call the issuing bank to see if they issued the check). You will give buyer bill of sale and the RV. You mail check to Lender. The Lender will take a few days for the check to clear before releasing title. Lender will mail you the title. You mail title to buyer.
Option 3
You can get another loan to pay off RV loan so you can have title in hand... Then pay off new loan when you sell the RV. Make sure there is no early pay off penalty...
if advertising on CL watch out for Scams....
Thanks so much all. 1L234, yeah my problem is that our loan is with USAA which is in Texas and we are in Wa, so I really need option 2 or 3, and I'm really concerned about scams so I will be calling the bank. But I have one more question, If we are asking 25,000 but only owe 12,000 do I ask for two certified checks?
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