jspence1 wrote:
Thanks! I thought I'd ask here before I waited on hold at the DMV. We have a different system here in ontario, unlike the "Title" in the US the papers we get mean nothing I could still owe $20000 on it and have the ownership papers.
Generally if there is an outstanding lien against the trailer there will be a lien shown on the title and when the lien is payed off the owner is issued a lien release by the bank. Arizona just became a title holding state meaning the lending institutions physically holds the title until the lien is satisfied.
You really should contact the DMV in the state where the trailer is located or look at their web site.
ArizAl