How do you sell a Motorcycle with a lien from a credit union before the loan is paid off you dont have the money to pay off the loan and the bank will not release the bike to the buyer without it?
You cannnot. you can do so by having the buyer meet you at the credit union. they will have to sign paperwork to assume the balance of your loan, and at that time they will g…ive you whatever funds are in excess of the loan amount. If you're not getting enough, you will have to pay the difference. Call ahead and make sure they have the title at your branch! (MORE)