Is there a loan assumption form for purchasing a vehicle that already has a loan?
Full Question:
I'm selling one vehicle and purchasing another at the same time, both of which have liens. Can you do a bill of sale for $1.00 and assume the loan or is there a loan assumption form?
02/16/2007 |
Category: Judgment Liens |
State: Georgia |
#739
Answer:
You can combine a bill of sale with an assumption agreement signed by both parties.