OK, something isn't right here. Owes more than it's worth? And you are trying to buy it? Unless I was helping out a known family member there is no way I'd even consider buying something for more than it's worth.
I would also refuse to buy something that has a title with a lean unless I was meeting the seller at the lending institution and was going to hand over a check/cash and the lending institution was going to hand me a lean release and the title once I handed over payment. That's it, no exceptions.
Now if I were the seller, was upside down on something and had to drive 200 miles to meet a buyer dumb enough to pay more that the item is worth at the lending institution so as to produce said title and lean release.......I'd leave home at least 2 hours early to make that drive all the while praying that the buyer didn't back out at the last minute and wondering about the fool I'm about to part from his money.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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