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  1. #1
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    Buying boat from individual who has loan on boat...

    I plan on paying in full. What's the best way to ensure proper exchange?

  2. Stocks/Investments Moderator boneil's Avatar
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    #2
    youll get alot more response in the lounge
    Thanos was the hero

  3. Member
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    #3
    Quote Originally Posted by webbow View Post
    I plan on paying in full. What's the best way to ensure proper exchange?
    I went through this. I had a certified check made out to his bank and a certified check for his equity made out to him. That was a lot of years ago. Today I would only do the whole deal at his bank with a bank transfer and then his bank removing the lien on the title right on the spot.

  4. Member CigarBasser's Avatar
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    #4
    Only correct way, for you, is go make an appt with his bank and handle the transfer there. He can call his bank ahead so they can get the title sent to them so it can be handed to you on the spot.. I did this very thing several years ago.. only difference was he owed more than he sold it to me..
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