If you sell your own rv who does the closing

[Rvlovers]

We are selling our rv and it is financed but no branch bank is nearby. Who would handle closing paperwork, title , handle $, etc? Any advice?
Thanks

[Oaklevel]

When our son sold his he had to send off the paperwork & $ to the bank in CA if I remember correctly......... It took several weeks ....Glad his buyers were understanding...... as the buyers could not get plates either.

The short answer is you have to do it. Here you have to have a clear title in your hand before you can sign it over to the next buyers......... It is a total pain to have an out of state bank and buyers ........... A bill of sale written between you and the buyers would bee needed....

With no dealer and a loan it is a royal pain..........

Good Luck

[KFX450RXC]

My Cyclone was financed with Bank of the West in California. We are in NC. The buyer had his bank wire transfer the money so Bank of the West would send the title quickly. I signed a form the bank had sort of like a receipt.

This would be a must if the buyer has to finance it since the buyer's financing bank wants the title. But if the buyer is paying cash, have his bank wire the money and once its confirmed the bank had the funds, I let the guy take the camper that day. I kept the insurance on it just in case until he got the title and then I cancelled the insurance and the tags.

[asquared]

When I sold my tt in NC, I was upfrontvwith my buyers there was a line on the tt. I was financed through usaa at the time and they don't have any local banks. We went to the buyers bank where the amount needed to pay off my loan was wired to my lender. The remainder was given to me in a cashier's check drawn up while I was there. We had a contract that stated the deal was contingent on my being able to produce a clean title. The bank notarized the contract for us. The contract also stated the trailer was sold as is. They took possession of the trailer that day. When the title came in, we met up at their bank again to have the title transfer notarized. We got the tags back from them at that time. The buyer then took the title to the dmv and handled getting their tags etc. It was a lot easier than I thought it would be but the buyers paid cash without needing to finance.

[Oaklevel]

Hope yours was quicker after the money was wired to Bank of the West it took 3 weeks to get the title.

[Rvlovers]

Thank you all ! Very good information. We too have bank of the west😕 so will see how that plays out

[dahagen]

When I have sold my older RV's, I just collected the money from the buyer and signed the title over to them. No 3rd party needs to get involved unless you still owe on the old one.

[Boso]

It's the same as a car go to your local bank that's the easiest way then on to dmv to finish

[dcheatwood]

I signed the back of the title, took off the license plate, gave buyer a home typed bill of sell. Gave him originals and I kept copies.

[GOTTOYS]

Originally Posted by Oaklevel

When our son sold his he had to send off the paperwork & $ to the bank in CA if I remember correctly......... It took several weeks ....Glad his buyers were understanding...... as the buyers could not get plates either.

The short answer is you have to do it. Here you have to have a clear title in your hand before you can sign it over to the next buyers......... It is a total pain to have an out of state bank and buyers ........... A bill of sale written between you and the buyers would bee needed....

With no dealer and a loan it is a royal pain..........

Good Luck

A written Bill of Sale on a titled vehicle is just about worthless. The Title Certificate is proof of absolute ownership. A written Bill of Sale will not let you transfer ownership and really is no proof of anything. Anybody could write it out so having it is meaningless..

[MillerTime]

Originally Posted by GOTTOYS

A written Bill of Sale on a titled vehicle is just about worthless. The Title Certificate is proof of absolute ownership. A written Bill of Sale will not let you transfer ownership and really is no proof of anything. Anybody could write it out so having it is meaningless..

A bill of sale will release you from liability after you have sold a vehicle and until the new owner gets is registered to them.

Some states don't issue titles, like kansas. You have a registration card (or something like that) that you can take and file for a title in another state, but would need a bill of sale most likely as well.
Some states are title holding states, like Texas. If you have a lien on a vehicle in texas the bank has the title. (Unless they changed this recently )
Here in Oklahoma we keep our titles and sign them over (notorized) to the new owner with a lien release from the bank when the check has cleared.

Op. I've bought several Texas vehicles and its pretty simple. If a person is purchasing the vehicle, have their bank wire the money to your lien bank. They will give you a release and mail you the title or if you sign a power of attorney for this transaction, you could have it mailed directly to the new owner. If you have the title its even easier. You can sign the title over to the new owner (Texas doesn't require the signature notorized ) and you can just have the lein release sent to the new owner. A bill of sale with a guaranteed of title and or lein release would be a good thing to do if i was in your situation.
.....or if you have the funds in a 401k or other investments, pay it off and reinvest it or pay the 401k loan back after the sale. That makes it a lot easier!

[dcheatwood]

Originally Posted by MillerTime

A bill of sale will release you from liability after you have sold a vehicle and until the new owner gets is registered to them.

Some states don't issue titles, like kansas. You have a registration card (or something like that) that you can take and file for a title in another state, but would need a bill of sale most likely as well.
Some states are title holding states, like Texas. If you have a lien on a vehicle in texas the bank has the title. (Unless they changed this recently )
Here in Oklahoma we keep our titles and sign them over (notorized) to the new owner with a lien release from the bank when the check has cleared.

Op. I've bought several Texas vehicles and its pretty simple. If a person is purchasing the vehicle, have their bank wire the money to your lien bank. They will give you a release and mail you the title or if you sign a power of attorney for this transaction, you could have it mailed directly to the new owner. If you have the title its even easier. You can sign the title over to the new owner (Texas doesn't require the signature notorized ) and you can just have the lein release sent to the new owner. A bill of sale with a guaranteed of title and or lein release would be a good thing to do if i was in your situation.
.....or if you have the funds in a 401k or other investments, pay it off and reinvest it or pay the 401k loan back after the sale. That makes it a lot easier!

Yes. Bill of sale, notarized, verifies the date that seller released ownership. Buyer is responsible for registering the veh/TT with DMV. If he fails to do so and causes damage or injury with said vehicle, that bill of sale is your best friend. Buyer will be liable, and can be charged with failure to register after 28 days. (Louisiana)

[SilverbackMel]

Remember, not 100% of money in cash, or verified, no charge back to you, wire transfer; no hand over of unit. Possession is 9/10ths of any transaction.