Cobra purchase question

[patrickt]

Uhh, so how do you know that it has a clear title, isn't subject to any liens, pre-judgment attachments, etc?

[RodKnock]

Originally Posted by patrickt

Uhh, so how do you know that it has a clear title, isn't subject to any liens, pre-judgment attachments, etc?

Excellent question. I would run a credit check and, of course, always review a copy of the title certificate. Run a DMV check while you're at it.

[patrickt]

Originally Posted by RodKnock

Excellent question. I would run a credit check and, of course, always review a copy of the title certificate. Run a DMV check while you're at it.

Or the always popular "well it turns out he was going through a divorce and his wife has a claim on it, somthing amount it being a marital asset or something, I don't know, but you got ship it back now -- really sorry about that...."

[RodKnock]

Originally Posted by patrickt

Or the always popular "well it turns out he was going through a divorce and his wife has a claim on it, somthing amount it being a marital asset or something, I don't know, but you got ship it back now -- really sorry about that...."

Well that could be the case, even if he completed the transaction in person.