Selling an RV with a lien
Hello everyone. I am in the process of selling my Class A. Kids are in their mid to late teens and we are still a few years from retirement so the RV is sitting most of the time unless we can all ge...
Forum Discussion
Don't make this more complicated than it is. This happens thousands of times a day every day. People buying and selling cars/property with liens. Talk to your bank that holds the lien, tell them you are selling and they will tell you how to handle. Bank to bank transactions are very common and easy and if the buyer is getting a loan his bank will then hold the lien. This is really very simple. Your buyer does not need to know what you owe, just agree on a price, tell your bank that's what you are selling for, anything in excess of the amount to release the lien will be funded to you. Easy cheesy. The bank will handle all the paperwork, settlement sheet, transfer of funds, lien release, title exchange, etc. Just check the figures.
