Posted 08 July 2010 - 02:01 PM
Posted 08 July 2010 - 06:58 PM
Welcome to the FMCA Forum.
I suggest you contact the RV's lien holder and ask THEM how to handle the transaction such that you get clear title when you pay-- if it is local, no problem-- just go there to finalize the transaction. If the lien holder is out of town your bank may be of assistance in this as well once you determine from lien holder the payoff as of closing date (also note WHO you talked with and WHEN).
It is not uncommon to have your bank initiate a draft for clear title-- you pay your bank the money and they handle the transaction.
Brett and Dianne Wolfe
2003 Alpine 38'
Moderator, FMCA Forums
Chairman, FMCA Technical Advisory Committee
Member, FMCA Long-Range and Development Committee 2007-2009 and 2014-2015
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Posted 04 August 2010 - 09:39 AM
Posted 07 August 2010 - 12:50 AM
Many states also have a notarized section on the title for a lien holder to sign off for the lien release. Check the AZ title to see if that option is available to you. If not, you MUST have an original letter from the lien holder stating the lien is paid. Nearly every DMV in the country now requires an ORIGINAL letter for lien release. A copy will not suffice nor an email. Before handing over that check I would have both the singed off title and the lien letter in hand.
Hi Brad, I suggest you take your check to the lienholder, they will call and verify your funds, give you a lien release and your all set!...Really simple as that. Enjoy your knew RV..Becky
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