Re: Buying a vehicle with a lien against it?
when I sold the Stang last year same deal, MY banker helped out, we both buyer and seller sat down at my bank and it took a couple of hours of faxes/sighning stuff sending back and forth and phone calls to get it dont safely,
your bank can wire the money to the loan place and they/loan place fax a official letter stating release of the vehicle to you, and they mail the sighned off title to you.
call ahead and set up a manager to help at your bank and call ahead to the loan place and get a manager there and set a tentative time they will be around to do the paperwork and accept funds for the transaction,
I would not just hand the seller the dough...its really not his, its the loan places dough.
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