In-laws moved into a retirement home in Newer Mexico. They've decided to sell their car. It's titled in their home state of Colorado, and both names are on the title. We are bringing it back to our house (near Amarillo) to sell. So, here's what I think we have to do:
Both of them sign the title
Both of them sign the Texas transfer form 130-U
????
Profit!
Right? Wrong?
On a side note, it's going to sell for around $13K. I'm wary of taking a check for the car, signing it over, mailing the check to them, waiting for them to deposit, and waiting to see if the check is good, while the buyer has a couple of weeks to get out of Dodge.
Any suggestions on a secure way of moving the money around?
TIA
And if anyone is interested, it's a 2014 CRV Honda with AWD and the four banger, Silver-grey in color, lower trim level. About 48,000 miles. Spent part of its life being flat towed behind a motorhome, still has the tow bar mount, but not the tow bar. (I don't know why they didn't keep the tow bar)
Both of them sign the title
Both of them sign the Texas transfer form 130-U
????
Profit!
Right? Wrong?
On a side note, it's going to sell for around $13K. I'm wary of taking a check for the car, signing it over, mailing the check to them, waiting for them to deposit, and waiting to see if the check is good, while the buyer has a couple of weeks to get out of Dodge.
Any suggestions on a secure way of moving the money around?
TIA
And if anyone is interested, it's a 2014 CRV Honda with AWD and the four banger, Silver-grey in color, lower trim level. About 48,000 miles. Spent part of its life being flat towed behind a motorhome, still has the tow bar mount, but not the tow bar. (I don't know why they didn't keep the tow bar)