Over the years, I've found that it usually ends up costing about $1,500 to fix a botched "homebrew" real estate transaction, which an attorney would have initially done for a couple hundred bucks. False economy, maybe?
As to the lien situation- The only way to do it properly is to find out what the security interest perfection procedure is in the state where the seller lives. Some have county filing, some state- most will not have both. In Washington, for instance, going to the county will get you only blank stares- most of the employees who remember county "chattel mortgage" filings have long since retired. Its purely a state procedure here. If the bank hasn't filed its UCC-1 properly, their security interest loses out to your purchase. If they have filed (and they generally will, or they aren't in the business very long), either you check liens, find it, and take precautions to make sure they get paid with your purchase money, or you don't check, they come after the equipment, and you wind up "walkin' down the road, talkin' to yourself".
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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