Forum Discussion
mrkoje
Feb 28, 2015Explorer
Roy&Lynne wrote:
Is it possible to sell your RV "by owner" if you still own money on it? If so, how?
Be prepared to pay the difference of what it sells for vs what you owe. Hopfully you can sell it for more than what you owe!
If there is a balance at a bank then you will need to coordinate with the bank that you are selling it. If it is a local bank (hopefully) then you can meet the seller there. You can then either pay the balance or have the buyer write the check to the bank. You will then need to either pay the difference between what you owe and what the buyer has paid to the bank to make sure the buyer can get a lien release.
Usually can go pretty easy. I'm in the process of doing just this on a vehicle I own right now. It can be a PITA or very simple process depending on the bank. It does make it 100x easier if the bank is local which makes releasing the title/notarizing etc that much easier.
Best of luck to you
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