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: The Battery - by Curtis Von Fange. Buried somewhere beneath the sheetmetal, under the gas tank, or stuffed in front of the radiator is the battery. This elusive and neglected component of the tractor is the hardest to get to when it is dead and in need of a jump. But usually, the storage battery is a storehouse of electrical energy waiting to be released a the flick of a switch. A few maintenance tips and periodic cleaning will keep it charged for the duration of its life span. The battery is made up of a number of lead bas
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