I live in Boston MA. I am interested in purchasing a motorcycle sold by a car dealer in Long Island NY.
The owner of the auto dealer is selling this motorcycle but he has a lien on it being that it is currently his personal motorcycle.
Being that it is winter, I will not be able to ride the motorcycle back to where I live. I will have to pay for the motorcycle and arrange for the motorcycle to be delivered. My concern is that I pay for the motorcycle and this person does not deliver the motorcycle and I do not get the title.
I found escrow.com as an option. Would this be a good service?
You should insist that the owner of the dealership pay off and satisfy the lien, and give you clear title. Alternatively, you should withhold the lien payoff amount (which you should get from the lienholder) and satisfy the payoff yourself.
If not, you're buying a lawsuit. Its that simple.
I would not use any internet-based escrow agency. Personally I don't trust that.
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