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If title is not available at time of payoff (e.g., trade in at a dealer, title held by lienholder) what procedure does the buying party follow?

April 26, 2017buying Dealer held lienholder payoff procedure time title Trade

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If title is not available at time of payoff (e.g., trade in at a dealer, title held by lienholder) what procedure does the buying party follow?

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The dealer will have a properly executed Dealer Acquisition Contract and an Arizona Secure Power of Attorney signed by the seller. This gives the dealer authority to act on behalf of the seller. The sale of the vehicle can move forward.