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As the title says? Im buying my first bike today so im a newb and not sure exactly how it should go. All advice is welcome!!
not really, on a md title (dont know if they are diff. for other states) there is a specific area for a lein stamp, then once the lein is paid, the bank manager signs it as a lein releaseI don't see how the owner would even have the title if there are leins against it...Normally the bank requires possession of the title to put the lein on it. If he needs to pay a bank off to give it to you then I recommend writing a basic contract and bill of sale stating that he will give the title to you once it is given to him and in the meantime you get the bike, the keys, and the registration. You will have all the paperwork needed to prove the title is yours at that point.
That's different...I can't see how that system really works out well but in VA and PA the banks keep the titles.not really, on a md title (dont know if they are diff. for other states) there is a specific area for a lein stamp, then once the lein is paid, the bank manager signs it as a lein release
I would check your state's DMV site.around how much would it cost to get the title transferred to my name?