0
Yikes. I hope you're getting receipts from the seller. The cleanest way to do this deal is, to apply for a loan from a bank and do the transaction through the banks. Or, contact the bank that holds the note to see if you can assume it. If the seller defaulted on his payments, the bank would come get the car that you've been making good faith payments on. As this deal stands, you don't have much protection, or recourse, if the seller isn't making the payments to the bank, or defaults, later.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How should i Buy used motorcycle from individual who still owes the bank?
Depends on how much they owe on the bike and if the price of the bike includes pay off to their bank and you get the title. If there is a lean holder on the bike and after you buy it you don't get a title then no I would not buy the bike.
What if someone owes back taxes on a car your buying can you still register it?
The thing to do it NOT to buy the car. Want to get yourself in a real mess, then purchase this car. Walk away!
Your friends husband died and you want to buy his car he still owes on it How do you go about it?
The estate has to settle the loan, which may be done by selling it to you and using the money to pay off the loan.
If you put a bid in for a home for sale by Aegis Mortgage Corp and they have filed for bankruptcy will they still be able to sell it to you?
You can buy it from the bank
Can you buy stuff online with a bank card?
i am 12 and have a bank card but can i buy stuff online with it
What is the meaning of 'borrowing from banks?
Borrowing from banks refers to the operation when an individual borrows money or takes a loan from a bank. The bank lends the individual money and this person will repay the loan to the bank. For ex: If I wanna buy a home, I will take a home loan from a bank and buy the house. Then I will pay my mortgage every month for the next few years and repay the money I borrowed from them.
What bank belong to best buy?
Best Buy does not own it's own bank. They use the services of Household Bank and Chase for their Credit Cards.
Did Bank of America buy out first of America bank?
yes
What happen if some one sell you a car that owes money to the dmv?
you can buy of the money that's owed or don't by it at all.
What if you bought a car that still has a lease?
When a car is leased at the end of the lease is a residual. This is the difference between what the car cost new and what was paid in the lease. Did you buy the car from the person who leased the car? Did they pay off the lease with the money you paid them? If not, there is a problem. A car with a lease is NOT owned by the person who leased it so that means the bank owns the car and has the pink slip. You have to get the pink slip from the bank. Actually, the person who sold you the car may have illegally sold the car. It would be like someone renting a house and then selling it. Check with the bank that holds the pink slip.
Can you buy state quarters from the bank?
can you buy state quarters
Can i buy online on a bank holiday?
you can buy online anytime.
