I pulled some stings with some collegue bankers, and I was advised the bank that had the boat no longer owns it. Thus I conclude the dealer does.
2006-11-29 14:06:21 · 4 answers · asked by Sealbeachguy 1 in Cars & Transportation ➔ Boats & Boating
The dealer may have had to "floorplan" the boat with the bank, which means that if the bank has to repo it, the dealer is required to make good on the loan. If the dealer owns it, it must still be sold as a used boat, but the title should be clear. You'll have an easier time dealing with a dealer than a bank, anyway.
2006-11-30 05:55:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
the title holder or name on the title is right full owner of the boat. if you sell a boat without title owner notice then you commit a crime.
if i was you, i would pay off title owner and get the title then give it to new owner before any legal action is pending against you.
2006-11-30 02:50:33 · answer #2 · answered by sleepydo 5 · 0⤊ 0⤋
depends on the state.some requir title for sale or paper trail registered owner etc. some, posession with a bill of sale kinda like a race car. there could be a lien at the bank. i dunno
2006-11-29 14:24:29 · answer #3 · answered by vincent c 4 · 0⤊ 0⤋
if you have to post that question here, you might want to consult an attorney. sounds like you may have some "shady" colleagues.
2006-11-30 11:11:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋