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Posting a reply to: Re: buying used boat with no title??

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North of 8

Posted 7/27/2020 9:57 PM (#964755 - in reply to #964754)
Subject: Re: buying used boat with no title??

I think the OP's concern was how he can make sure there is not a lien against the boat.
I would call your bank and talk to a consumer lender. There should be a way to check by VIN. That can be a big problem. If a lender has a lien on the boat, they own it.

I took a graduate class in the evening one time and it turned out the professor had bought a fairly expensive sail boat. Problem was the bank I worked for had a large lien against the boat. He had to go back against the dealer that sold it and cost him a lot in legal fees. He got his loan through our biggest competitor and they kept telling him we should just release the lien. Yeah, no, don't work that way.