Bill Of Sale With Lien: Fill & Download for Free

I have worked in the accounting office of a car dealership for 6 1/2 years, and where I work I am personally responsible for trade-in payoffs. Here’s my two cents:First, I do understand why you see it as odd that the vehicle is already marked as For Sale. Since the vehicle hasn’t been paid off yet, they do not have the title yet, but unfortunately the sales department’s idea of turnaround time is different than the business office because they are looking for the next sale as quick as possible. I run into this a lot; deals or auction bill of sales that I am waiting on titles for; however, this doesn’t necessarily mean there’s a scam.In regards to paying off the vehicle, there are quite a few factors. One being that your new deal has to be funded and the funding lien holder must have deposited the funds into the dealership’s account in order for the deal to be considered 100% legitimate and approved. There are many delays to this due to customer interviews, employment verification, social security number verification, residential verification, contracts needing adjusting from finance, typos needing to be corrected, different banks have different response and follow-through time frames, and COVID has increased the wait time for banks to fund deals. The dealer is responsible for any late fees that accrue as a result of payoff delays, or if you make a payment, either the dealer or the lien holder is supposed to refund you back. Technically, if your current vehicle purchase isn’t funded and approved by the new lien holder, then the dealership cannot legally pay off the trade. Because if your deal falls through and “dies”, then you will have to return the car and take back the traded in vehicle, in which case the dealership would refund you any down money, the contract will become null and void, and you would still be liable for the car payments of the trade. Your payoff amount is bundled into the cost of the new vehicle unless you own the car outright, in which case the total value of the car is deducted from your new vehicle’s cost. I should also note that once you trade the car in, the car is still technically owned by you until the dealer transfers ownership, and that cannot be done without the title. This is coming from me working for a reputable company. I cannot speak on behalf of any low brow or shady dealers, but what I have mentioned is how it is supposed to happen.You have the right to ask about the payoff and you have a right to know the status of your current deal.I will also say, based on my experience, that no one should EVER SIGN ANYTHING without reading it. And ALWAYS check the spelling of your name and address. ALWAYS demand, as the consumer, that you are provided with a bill of sale. I see careless mistakes and angry customers as a result of this much more than I should. Hope this helps.

Yeah. It wasn’t pretty.I bought a 1971 Lotus Europa Type 74in a partly disassembled state. It was mostly complete, but typical “basket case” kind of thing. Various bits of the Ford engine had been cannibalized, some of the suspension and brake pieces had gone missing, but nothing catastrophic.A couple of years later and it’s all back together, and I go to get it registered.At the time I bought it, the title was missing so it was sold on a bill of sale with an affidavit of lost title, and as it came with a bunch of original paperwork, including the window sticker and original service records, I didn’t think anything about it.Off to the Texas Department of Public Safety to get a vehicle inspection, a form that certifies that the VIN on the frame is the VIN on the paperwork. And then to the DMV, where I discover that what I have is a stolen car.The original owner had taken it to a shop for “restoration”. It had been partly disassembled, there’d been a squabble over payment terms and amount, and in the ensuing chaos, the story diverged.The car disappeared. The shop owner claimed it had been sold on a mechanic’s lien to a disinterested third party for enough to cover the outstanding bill. The owner claimed it had been done without due process and the car was stolen, and had filed charges in the podunk-ish town where all this happened, and nothing further was done.Fast forward about a decade and hey! I’ve stepped in it.In the end, I didn’t get to keep the car. However, enough money changed hands that I felt OK about it. The owner got the restored and fully sorted car he had wanted (at admittedly much, much more than he’d anticipated paying). The shop owner got a stern warning. And I got to own a Europa, without owning a Europa.Everyone won.

I had this discussiont with a propane company 20 years . My deed said all things on the property transfer at time of sale . There was no lien regarding the propane tank . The propane company ( National company ) claimed they owned the underground tank . I asked them for proof , a bill of sale from the manufacturer , and an invoice from when they installed it . Their response was that they dont keep records that long . So I told them since I have proof on my deed that all things on the property transfer to me , and they have no proof at all , the tank is my property . Now this all started when I canceled their service , BUT they quickly filled the tank and billed me some very high price per gallon . They said they could dig up the tank , leave the mess and I would be billed for everything . One letter from my attorney shut them down in their tracks . I used up the propane in the tank , didnt pay a dime , took a backhoe and removed the tank and sold it