Questions sellin a plane
In article , "Aluckyguess"
wrote:
Has anyone had this happen? I have a buyer for my plane, he bought the
AOPA's title search to make sure there were no liens and everything . I did
the same when I bought the plane. There were no liens.I paid cash so there
were no problems. He decided to finance the plane and the bank is saying the
two people before me (both financed) their banks have not removed the liens.
I talked to the broker who I got it from and he sent me both banks release
forms. My question is what is his bank coming up with? Could his bank be
making a mistake?
It happened when I bought my plane. The guy two owners before the guy I
bought it from had a loan which had been paid off but not released. Took
15 minutes on hold, a 5 minute conversation, and a fax to get it cleared
up. No big deal.
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