Buying a car with a lien on it?

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Dec 27, 2010 | 07:28 PM

#11

Gobbles

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From: Gobbles Air Force Base

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.

Dec 27, 2010 | 08:48 PM

#12

sean

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From: Mulholland Drive

Interesting. It's in Fountain Valley, AZ.

Dec 27, 2010 | 11:47 PM

#13

MrSlacker

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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.

Dec 28, 2010 | 12:30 AM

#14

sean

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From: Mulholland Drive

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

Dec 28, 2010 | 12:36 AM

#15

Jeff_NJ

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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.

Dec 28, 2010 | 11:25 AM

#16

PJS

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From: Seattle

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

Dec 28, 2010 | 11:33 AM

#17

sean

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From: Mulholland Drive

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...