Buying a car with a lien on it?

Reply Subscribe

Thread Tools

Search this Thread

#11

12-27-2010, 07:28 PM

Gobbles

Full of Win.

Join Date: Nov 2008

Location: Gobbles Air Force Base

Posts: 6,295

Quote:

Originally Posted by sean

Sounds like I'm gonna have to make two trips to Phoenix. Ugh

Would you be interested in having someone in Phoenix broker the exchange to save you the trips? I have a very good friend in Phoenix who might be interested in helping for a small fee, and it would save you those trip costs.

#12

12-27-2010, 08:48 PM

sean

Teamspeed Pro

Thread Starter

Join Date: Apr 2008

Location: Mulholland Drive

Posts: 2,592

Interesting. It's in Fountain Valley, AZ.

#13

12-27-2010, 11:47 PM

MrSlacker

Teamspeed Member

Join Date: Dec 2010

Location: NYC

Posts: 161

MrSlacker has a reputation beyond repute

The only SAFE way to do it is for the guy to pay off the car and get the title. Then you buy it from him with a title.

#14

12-28-2010, 12:30 AM

sean

Teamspeed Pro

Thread Starter

Join Date: Apr 2008

Location: Mulholland Drive

Posts: 2,592

Hey new wrinkle! She just filed for bankruptcy. At what point is it no longer hers to sell?

#15

12-28-2010, 12:36 AM

Jeff_NJ

Teamspeed Pro

Join Date: Jan 2008

Location: New Jersey

Posts: 4,528

Quote:

Originally Posted by sean

Hey new wrinkle! She just filed for bankruptcy. At what point is it no longer hers to sell?

I am pretty sure she needs to get BK court approval to sell any assets or liabilities included in the BK. Did the car loan get included in the BK?
If she is paying off the lien by selling the car to you, I can't imagine them not allowing it, but it will probably be more of a PITA to get the deal done.

#16

12-28-2010, 11:25 AM

PJS

Teamspeed Senior Member

Join Date: Jan 2008

Location: Seattle

Posts: 403

PJS You are a Teamspeed member that Rocks and Rolls!

come on.... what is it?

:-)

to want to pursue it given the lien and the bankruptcy... and it is a she selling it... give us a hint

#17

12-28-2010, 11:33 AM

sean

Teamspeed Pro

Thread Starter

Join Date: Apr 2008

Location: Mulholland Drive

Posts: 2,592

Just a dumb truck...I'm not chasing this anymore, it's not worth the risk. I told her if she can de-retardize the transaction I'd be interested. The search continues...