Re: Buying a vehicle with a lien against it?
In my experience, both parties go the lending institution (if possible), and the buyer pays off the loan for the owner, the lender stamps the title as 'Lien Removed', gives it to the owner, who then accepts the remaining amount of money (if any) from the buyer - and hands over the keys!
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Marlin
70 Yenko Nova-350/360, 4speed M21, 4.10 Posi (Daddy's Ride)
69 SS Nova-396/375hp, 4speed M20, 3.55 Posi (Benjamin's Ride)
67 RS Camaro-327/250hp, 2speed Glide, & 3.08 Open (Danny's Ride)
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02-16-2006, 10:09 PM
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