BenzWorld Junior Member
Date registered: Apr 2010
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Title and lien question
Hi guys, in the process of buying a used MB from a private party and I could use some advice/opinions. Here are the facts thus far --
-we've agreed on the purchase price
-car is still in her hands
-there is/was a lien on the car that the seller claimed to have paid off (MB Financial) after she received my good-faith deposit
-she told me that it will take a week for the California DMV to send her the title
-it's been a little over a week and apparently she hasn't received it yet
-I've started running AutoCheck on the car everyday for the last 3 days to see if there has been any change on the car's lien status, but no change yet
So here are my questions --
-Do you guys see any red flags so far, and is there anything for me to be worried about?
-Re AutoCheck, would the seller paying off MB Financial be reflected there, and if so how long does it take?
-How long does Cali DMV take to send out titles in these cases? Does length vary depending on the lien holder (e.g. would it make a difference if MB Financial were notifying DMV, vs BMW Financial?)?
-Assuming the title does eventually comes in, it's already been 1.5 weeks since we agreed on the purchase, and even longer since I saw the car and had a mechanic inspect it -- during the handover should I have a mechanic inspect it again? I'm thinking a lot can happen to a car in 1.5 weeks....
Thanks in advance!