I would want to make sure I know what that is to avoid any possible confusion. I can only assume JD Finance has some means to identify the specific machine they identify as collateral on their loan. This would all be easier if tractors followed the same registration process as vehicles but they don't. ![]() Worst case scenario for you is a knock on the door weeks later and someone hauls away your tractor due to a loan processing error. ![]() I would talk to JD Finance and ask their advice. I bring this up because if the loan is in default it will probably trigger additional fees, expenses that need to be satisfied to release the tractor from the lien. You did not say if the seller is up to date with his loan payments so I assume he is, and foreclosure action has not been initiated.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |