Safely Selling an RV With a Lien: Using Brokers and Pass Thru Services

[dougb-WO]

I'm selling my Winnebago and need a middle man or broker to help with the sale. We haver a sale but the buyer is nervous to hand over the money without getting the title. We have a lien on it that has to be paid off before bank would release the title. Any ideas are greatly welcome.

 

[Morich]

I'm more familiar with real estate but it seems there might be the same? When selling under same situation we went to a real estate company to ease the issue.

Perhaps more direct would be to ask for the bank's help? Most will have the notary that will be needed. But possible each state has their own rules?

 

[dougb-WO]

I went to Beaver Coach Sales in Bend today. After presenting my issue they told me about a Pass Thru Sale where they handle all of the finances and DMV paperwork. Of course there is a fee of $1000 which I will gladly pay to get this motorhome sold. We have loved our Winnebago 27N but its time to make a move.

 

[Morich]

Fully agree! When it's time it is often possible to overlook some of the other costs involved. We sold our last RV through a dealer that came up from Florida and it fit our situation perfectly.
Our biggest hangup turned out to be almost comical as it was our bank that we had a hard time convincing of what we were doing. We were buying real estate and we could save a good amount of money if we had a bit of cash on hand.
Apparently we look like drug dealers or something!

 

[BikerMonkey]

Turns out there is an on-line service just for that purpose, sorry I can’t remember their name but if you do a search you probably we find them
Cheers!
Lee

 

[Horse54]

If your buyer has a hangup and your bank will not do it for you, then the $1000 is well spent to make sure it is done correctly.

 

[WatchMeRV]

I would ask your bank to complete the transaction for you. The Buyer should be able to work with your bank.

 

[Skiddriver]

I know that you're in Oregon, but for other folks selling/buying/registering in Louisiana, the OMV has authorized commercial title companies where you can complete the sale, get a witnessed bill of sale, execute the vehicle title transfer, and the new owner can get their plates and registration on the spot. The new title comes in the mail from the OMV to the new owner a couple weeks later. The buyer will also pay any sales tax due and the buyer or seller will pay the commercial agency a fee for the service. Much safer than doing it in a parking lot. They can also transfer titles for trailers and conduct sales for boats, except for the boat title which the buyer has to schlep around to a couple different agencies to transfer.

They also collect OMV penalties for late registrations. Ask me how I know.