|
Lien Sale for a K5
Hello, while picking up some truck parts this weekend I got to talking with the seller and he mentioned that his uncle had a K5 that he wanted to sell. He told me his uncle had acquired it through a lien sale and if I wanted to buy it, he could write me up a receipt.
Sounds like a bill of sale like usual to me. The nephew didn’t know too much more about the truck other than the fact that it starts drives and stops. He also mentioned that it didn’t have much rust. I haven’t seen it in person, but the nephew told me his uncle wants around 9k for it.
Anyone familiar with lien sales? Does this mean there is no title in the uncle’s name? I thought if the uncle got it through a lien sale, then he could get the title in his name. Any help is appreciated. Thanks -Vinnie
|