Should I Buy a Motor Home Before Receiving the Title?
Full Question:
Answer:
Before purchasing a vehicle subject to a lien, it is recommended to get a release of lien from the lender. When buying a vehicle, it is best to get the bill of sale and title at the time the purchase price is made. If there is a lien on the car, the lien should be removed and no longer appear on the new certificate of title. If the executor dies before the estate is probated, then you may have to go to court with the bill of sale to enforce the deal. There are many instances of persons who have not received clear title before completing their end of the bargain and then encountered difficulties in getting the title transferred and/or not receiving the vehicle.
See also:
http://www.ehow.com/how_4895363_sell-car-lien.html?ref=fuel&utm_source=yahoo&utm_medium=ssp&utm_campaign=yssp_art
http://www.ftc.gov/bcp/edu/pubs/consumer/autos/aut03.shtm
