Originally Posted by MowTaco
Getting the title involves her driving to Topeka (the state capitol for those of you not familiar with Kansas haha, about a 3 hour drive from here). I just cannot figure out why she wouldn't have gotten both titles at once if she knew she was selling both. On top of that I'm almost positive she said she owned it outright the first time I looked at it. I think everything still seems ok but my dad seems to think something's up and he obviously has much more experience buying and selling stuff than I do. I've never dealt with a bank in buying anything so far so I've just been taking her word for what needs to happen. She now wants to go to her bank with me, I pay off the loan (I think) and get a lien release? form and bill of sale. I take possession of the bike and the title gets mailed directly to me in about 2 weeks when the lien release is processed. Is this legit?
I just went through something last month when I bought a car. The owner said he paid it off last year but they didn't send the pink. Originally it was understood that if I buy it with the bill of sale and we do a transfer of ownership, then it's mine. Now thats with HIM HAVING IT PAID OFF.
At this point you are not sure if it's paid and in order for you to have it transferred to your name the bank that has the lien on it would have to sign it off, with notary in order to release it fully to her. If it is NOT paid off, then they won't do it until it is.
I suggest that she pays it off first, gets you the pink and then she can deposit the money you give to her to make up for the payoff. Don't get any deeper into it than you have to. SHE'S trying to sell the bike, let her do the footwork.