Buying a bike that has been financed
Hi I was wondering if I were to buy a bike that was financed, what would be a way to cover my ass in case the person doesn't send the title after payoff? I'm looking at a bike, and I'm planning on giving the owner the amount owed on the bike. I was thinking of, on the bill of sale, writing something like "owner owes buyer title when received from bank" or something of that sort...would this hold up?