Quote:
Originally Posted by Warhead
If there is a loan on the bike then the bank will not release the title until the loan is paid in full. If you want the bike go to the bank with the seller. You would basicly be giving the bank what ever the balance of the loan is and anything above that to the seller, providing the selling price covers the loan. If not then seller need to make up that difference. Once all that is done the bank will do papers for DMV to release title to you.
I bought a bike couple years ago for $10k. Seller still owed $12k. I gave the bank my moneys then seller covered the remaining balance.
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... What he said.
Call the Bank, verify his story. If he's telling the truth, make sure the bank is paid off, don't just give him a wad of cash and expect him to pay it off. BOTH of you go to the bank, pay off the note, let the bank send YOU the title.
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lib·er·ty
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1.
the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views