Is there Attorney or Escrow services for Motorhome purchasing?

[Windfollower]

Originally Posted by magicbus

Sounds like you're making a mountain out of a molehill. As I explained in detail in my earlier post I have done this twice. Once as a buyer in your exact cash buyer/bank loan seller situation, and once as a seller in a cash-cash deal.

I would love to do it the same as yours as a cash buyer but now in FL title is electronically with the state, only thing I would get is the seller's liens satisfaction and paid in full from the sellers bank. His bank has to send liens release to the FHSMV, I have to wait for 2 weeks for the title. I dont want to count on my blessings as a millions things can be happened during this 2 week period (dead, incompetence, divorces, change minds, nowhere to be found...etc).

[BirchyBoy]

I was looking at buying a car and found Escrow.com. I didn’t use it but it had some good reviews. The cost is relatively ok and they work with items that have liens on them as well.

Good luck!

[Windfollower]

Thank you all, I will look into escrow.com.

[carl.swoyer]

Originally Posted by Windfollower

Yes, I will pick it up myself. Deposit done, level 2 inspected done, now seller does not have a whole sum $$$ to pay off his lien in order obtain the title. Due to huge chunk of $$$, I cant wire to him when there is nothing guarantee

Ask your states dmv about a transport plate.

[Isaac-1]

Note if you pick up in Florida, the Florida DMV will want you to pay Florida sales tax on the coach, which you may or may not get credit for in your home state depending on if they have a reciprocal agreement with Florida on sales tax. I bought my current coach form a private seller in Florida, and found out about this in the process. Thankfully my state (Louisiana) does have such agreement, but at the time a few states, including some in region did not (North Carolina and Mississippi were not on the list at the time) See https://www.vertexinc.com/resources/...tate-residents though confirm the list is up to date as it changes year to year.

[Windfollower]

Originally Posted by Isaac-1

Note if you pick up in Florida, the Florida DMV will want you to pay Florida sales tax on the coach, which you may or may not get credit for in your home state depending on if they have a reciprocal agreement with Florida on sales tax. I bought my current coach form a private seller in Florida, and found out about this in the process. Thankfully my state (Louisiana) does have such agreement, but at the time a few states, including some in region did not (North Carolina and Mississippi were not on the list at the time) See https://www.vertexinc.com/resources/...tate-residents though confirm the list is up to date as it changes year to year.

Thank you Isaac-1! This is very helpful and should be an article for discussion for future buyers. I found an interesting document regarding this matter.

[Gary RVRoamer]

There are two steps to this problem:

1. You make two payments, one payable to the lien holder and the seller for the balance of the loan, and the second to the seller alone for any difference between the selling price an the lien amount. That makes sure everybody gets paid properly.

2. The release of the lien on the title is harder to handle. In some states the lender processes a release of lien document that notifies the state that the title has been cleared. Then, and only then, can the seller sign over the title to you. In other states the lender may have physical possession of the title and can hand it over, but they will not do that until the lien payoff has been verified. That takes 2-3 days even with a cashiers check because they withhold the title or release until the paying bank releases the funds. In other words, you can't get the title instantly at the lending bank. In either case you are in legal limbo until the payment clears and the seller signs off on the title.


That's what escrow is designed to handle, a neutral 3rd party holds the funds and paperwork until everything clears.

When I sold my coach to an out-of-state buyer paying cash, he paid off my lienholder and I gave him a signed bill of sale stating that I would deliver a clear & signed title within 7 business days; he agreed to that. He had been to my house multiple times and decided he could trust me to deliver the title (and I did).

[Isaac-1]

To follow up on that, title processing can take WAY longer than that in some states, we line in Louisiana near the Texas state line, and my wife has bought her last 2 cars from dealers in Texas, both times it took the Texas DMV 5-6 weeks to process the title and send it to us in Louisiana.