Selling Question
How willing would you be to buy a toy hauler or trailer from someone that still owes on it? I was thinking of listing my trailer for what I owe on it and see if I get any bites. It may be a tad on the...
Forum Discussion
monkey44 wrote:
Call the bank that holds the lien ... ask them this question. I'm betting they do it pretty regularly as trade-in and sales often happen when the lien is still active. I'd bet you can arrange a wire transfer from any bank to the lien bank and then release the title... might take a day or so to process everything if you can't both walk in at once.
It's not a difficult process if you arrange it before hand.
Exactly correct. Done it several times, from both sides. They do it many times a day. Once you know you want the item, go thru the lienholder. Usually involves wiring or sending good funds to them. Since they hold the title, will transfer over once good funds are received.
