Subject	You have to inform the buyer of that fact before selling it
Posted by	KaZ (VaBch) on November 16, 2004 at 1:54 PM
	This message has been viewed 32 times.
In Reply To	Buying/selling a car with a lien posted by FairladyZ113 on November 16, 2004 at 01:35 PM
Message	lots of states they expect you to have the title in hand to sell the car... in VA, its not that simple. A friend sold his BMW to a guy in CA recently and the guy wouldn't leave without the title. Thankfully my friend was getting more than he owed, so he paid off the bank, the bank released the title (I think he said they did an "emergency release" to expedite the process) and then went to the local DMV a few hours later to get a new title printed without the lien. If you owe $4k, and you only get $3k, you're responsible for paying off the $1k extra to release the title to give it to the new owner... KaZ (VaBch) - "Unique Z" Back to the crap '84 S12 CA18ET Silvia '91 Z32 [ Project ] Fairlady Z AIM - KaZsMiR / E-mail @ Gmail - Kazsmir "Forumers are like economists: They state the obvious, give bad advice, and simply can't agree with each other." - Someone Else
Follow Ups	Buying/selling a car with a lien - FairladyZ113 13:35:43 11/16/04 I've done it but it's been awhile. I just made it clear to - longhornz32(Dallas) 13:42:07 11/16/04 i used a form much like this one - longhornz32(Dallas) 13:44:49 11/16/04 Any smart buyer would never take posession of a car - CAP927(Boston) 14:17:17 11/16/04 This is done multiple times a day every day though... - Unluky (MO) 15:31:24 11/16/04 Good read about this on NASIOC (subaru board) - boileralum 13:51:03 11/16/04 Re: Good read about this on NASIOC (subaru board) - FairladyZ113 17:41:44 11/16/04 You have to inform the buyer of that fact before selling it - KaZ (VaBch) 13:54:52 11/16/04 If the buyer finances the car, it's easy - just4kinks 14:04:55 11/16/04 if your buyer trusts you - RedSER13 14:49:28 11/16/04 I took the buyer with me to the bank and we paid the balance - 94Z32XTT 15:55:13 11/16/04 Same here. (n/m) - trackstar 16:52:55 11/16/04 Re: I took the buyer with me to the bank and we paid the balance - FairladyZ113 17:37:57 11/16/04 If the buyer can meet you at your/their bank - Chip(GMS Racing) 16:10:37 11/16/04 also, if meeting at the bank, make sure that the branch you - Schoch(NC) 16:24:24 11/16/04
Post a Followup	You cannot reply to this message because you are not logged in.