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Old 08-21-2005, 07:11 AM   #2
Brucelee
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Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
Talking

Not an issue.

Before you hand any money over to the seller, communicate with the lien holder.

Normally, you can send the balance due to the lien holder directly and they will release the lien on the title (they usually hold same). You can negotiate exactly WHEN you pay the seller any balances due, ie when you have a clean title in your hot little hands.

Also, all of this needs to be documented before hand with BOS and the like.

Make sense?
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