Announcement

Collapse
No announcement yet.

liens-gctid812294

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts
    Pcpete
    Supporting Member

  • Pcpete
    replied
    Green, I disagree. If I were to buy a boat that wasn't documented, just state titled and learned of the lien trying to change the title, guess who pays? The documentation process, IMO, conducts that title search prior to purchase similar to the way a survey of the boat does.

    If the owner can't clear it, don't walk away, run!

    Leave a comment:

  • Guest
    Guest

  • Guest
    Guest replied
    I just went through this with my boat I bought last year. The lien was payed off in 1998 but the owner didn't have the documentation. When went to transfer he documentation with the USCG I needed to have the PO contact the bank and send a notorized lien release to me. It all worked out but for a loan that long ago I took some time but banks will have that paperwork eve 20 years old...IF the bank is still around.

    Leave a comment:


  • green650
    replied
    Sounds like another good reason not to document a vehicle.

    Leave a comment:

  • 360_mafia
    Frequent Contributor

  • 360_mafia
    replied
    I have had liens put on property.I was not obligated to keep those records after i signed off.If owner cant find release papers,dont buy the boat under any conditions .It will be a long process for him.

    Leave a comment:


  • yachtman
    replied
    Either come up with the documentation the lien was paid or have the original lien holder sign off on it for CG

    Leave a comment:

  • bkc914
    Frequent Contributor

  • bkc914
    started a topic liens-gctid812294

    liens-gctid812294

    hi all

    has anyone had any dealings in buying a documented vessel that had a lein against it. the lein was paid off in 2002 , but somewhere along the way the uscg , didnt get it or didnt process it. so as of now, the owner cant sell it,cant undocument it cant do a bill of sale on it . and i cant title it in minnesota while it is a documented vessel......any ideas guys......

    thanks for any help

    kevin
Working...
X