Posted 2011-03-21 1:34 PM (#131929 - in reply to #131926) Subject: RE: Title Insurance?
Member
Posts: 47 Location: New Salem, ND
Not sure about title insurance.
But just to tell on myself alittle. I drove over 700 miles to pick up a trailer. had check in hand, they met me part way with no title.. I took the trailer anyway, had bill of sale, with all info, even bank name ect on it. long story short, that was last August, just got title today, or rather my attorney that I had to hire just got it today. So be careful with any title issues! and don't take anyone's word, they will tell you darn near anything to get the money.... My situation did work out, but that is not always the case...just saying..
Posted 2011-03-21 3:53 PM (#131931 - in reply to #131926) Subject: RE: Title Insurance?
Extreme Veteran
Posts: 402 Location: Valentine, NE
Not to my knowledge. If the new title VIN#, Model, Yr, etc. all match the trailer #s, you should, IMO, be good to go. I believe that the the state would of checked for filed liens before they would of issued a corrected/replaced title. I would advise to get a bill of sale with a statement on it that there is no liens on the trailer, that they are the legal owner(s)and have them sign it. Also, make sure they sign the Bill of Sale and the title exactly how the title reads..if you still have concerns, ask for a picture id. If you really don't trust them, walk---there seems to be a lot of trailers out there...You could also go thru a dealer to be 100% sure--could cost a few $100, but might be worth it...
Title Insurance?
