So I have been approved for a Bank of America Loan, received the loan package with all the required documents[[Bill of Sale, Vehicle/Vessel Transfer and Reassignment form, odometer disclosure, payment authorization form, etc...]]the seller and myself have to sign, and after I send back the package, there going to send a check to honda for the remaining balance on the car, and a check to him for what i owe him... so I'm going tomorrow to see the seller to get everything signed..
Now my question is, Once we get everything signed, Do I take the car home tomorrow, even though he hasn't gotten the check from the bank, or are we supposed to wait until he gets the check from them to take the car....
and
If I don't take the car, and after we sign the documents the car is damaged by like an accident he's in, or any type of damage, am I responsible for that damage since according to the bill of sale, all the rights, titles, etc.. have been transferred to me..
Thanks..
Now my question is, Once we get everything signed, Do I take the car home tomorrow, even though he hasn't gotten the check from the bank, or are we supposed to wait until he gets the check from them to take the car....
and
If I don't take the car, and after we sign the documents the car is damaged by like an accident he's in, or any type of damage, am I responsible for that damage since according to the bill of sale, all the rights, titles, etc.. have been transferred to me..
Thanks..