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Search: Posts Made By: US1 Fountain
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Forum: General Boating Discussion
03-03-2011, 08:56 PM
Replies: 80
Views: 10,850
Posted By US1 Fountain

Is a lean holder responsible for the difference...

Is a lean holder responsible for the difference of the loan payoff and selling price? Or does the bank just take what they can get and write the rest off? Seems like that would lead to a rush of...
Forum: General Boating Discussion
03-01-2011, 07:59 PM
Replies: 80
Views: 10,850
Posted By US1 Fountain

He quit paying on it, the bank holds the title...

He quit paying on it, the bank holds the title and is out the money. The bank didn't want it back, as in just dropped off, or was he trying to renegotiate?
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