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i recognize this might be more of a general question, but find the environment welcoming here and since it is a sc im buying i thought id post here.
i found a great used sc for sale at fair price. only issue is the owner still owes money to the bank on the bike. how does this affect the transfer of title? i have heard if i pay him and he doesnt pay the bank then the bankman cometh and take my shiny sc away. this true?
i was thinking about going with him directly to the bank, having him pay it off right there, and then taking the title and lien release letter with me back to the secretary of state for my new title. compounding matters, we are in different states.
again, any advice here would be great. thanks.
i found a great used sc for sale at fair price. only issue is the owner still owes money to the bank on the bike. how does this affect the transfer of title? i have heard if i pay him and he doesnt pay the bank then the bankman cometh and take my shiny sc away. this true?
i was thinking about going with him directly to the bank, having him pay it off right there, and then taking the title and lien release letter with me back to the secretary of state for my new title. compounding matters, we are in different states.
again, any advice here would be great. thanks.