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Author: eudaimon6 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71109  
Subject: Re: Selling: When to sign over? Date: 1/13/2004 8:10 AM
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sign the bill of sale-she has all her ducks in a row, she is properly insured andshe has paid you in full for the car. in any case, a bill of sale is just an agreement to deliver specified goods for a specified price. she just wants something in writing saying that in exchange for the check, you are promising at some time in the future to deliver clear title to her. she is the one trusting you, not the other way around. without a signed bill of sale, you could theoretically cash her check and then use your extra key to take the car out of her driveway and then you'd have possession and legal title and she'd have nothing but her word against yours that there ever was a contract for sale.

here is what you want your bill of sale to say.

joe agrees to sell, and beth agrees to buy, a 2001 toyota echo for xxx. sale is as is as shown, with no warranty of any kind express or implied, except any from the manufacturer which might exist. joe has received xx dollars in payment, and promised to deliver clear title, with title guaranteed not to be branded as salvage, rebuilt, junk, or any similar defect, promptly after received from bank of big bucks. seller warrants title to have no liens or encumbrances other than bank of big bucks, and seller acknowledges his responsibility to have that lien removed in exchange for the consideration provided by beth. (consideration means the certified check she has given you) should the funds provided by beth be determined to be unavailable for any reason whatsoever by the bank of big bucks, this d eal is null and void and the goods will be returned forthwith or be subject to immediate recovery without notice by joe. (that means if her certified check bounces, which i dont see happening, you can grab the car)

it really sounds like your buyer knows what she is doing. ive been in the business of closing car deals for seven years-the whole thing sounds on the up and up to me.

hope this helps

dean
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