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Old 12-20-2015, 11:37 AM   #1
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If you sell your own rv who does the closing

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
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Old 12-20-2015, 12:08 PM   #2
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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
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Old 12-20-2015, 12:20 PM   #3
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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.
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Old 12-20-2015, 12:34 PM   #4
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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.
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Old 12-20-2015, 12:40 PM   #5
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Hope yours was quicker after the money was wired to Bank of the West it took 3 weeks to get the title.
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Old 12-20-2015, 12:48 PM   #6
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Thank you all ! Very good information. We too have bank of the west😕 so will see how that plays out
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Old 12-20-2015, 01:59 PM   #7
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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.
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Old 12-20-2015, 02:26 PM   #8
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Closing

It's the same as a car go to your local bank that's the easiest way then on to dmv to finish
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Old 12-20-2015, 09:27 PM   #9
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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.
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Old 12-20-2015, 10:33 PM   #10
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Quote:
Originally Posted by Oaklevel View Post
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..
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