National Marine in ohio
02-11-2007 | 11:27 AM
#71
Charter Member #37 /Moderator/Platinum Member
Joined: Oct 2000
Posts: 1,326
Likes: 10
From: Lake Norman N.C.
In reading this there is basically NO way to tell if there's a previous lien on the boat then correct???? My credit union asked for the VIN number and I was assuming that was to verify that is was a "clear" title...now I'm not so sure they could tell that.
So who must uphold the burden? It would seem if the bank was fooled why should the owner be held responsible??? I always assumed shady dealings would be found by the banks....
So who must uphold the burden? It would seem if the bank was fooled why should the owner be held responsible??? I always assumed shady dealings would be found by the banks....
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Champagne taste on a beer Budget
C. P. B. A. Carolina Power Boat Assoc
Champagne taste on a beer Budget
C. P. B. A. Carolina Power Boat Assoc
02-11-2007 | 02:45 PM
#72
Platinum Member
Joined: Jul 2003
Posts: 3,219
Likes: 1
From: Michigan
Anybody do an Abstract title search??? Not sure where to begin. I googled it but got a lot of paysites, most dealing with property...
Is this something best done over the internet or is something say a county office can do???
Is this something best done over the internet or is something say a county office can do???
02-13-2007 | 05:55 PM
#75
Registered
Joined: Aug 2002
Posts: 5,646
Likes: 9
From: Apache Jct. AZ
Even after buying a used boat, If I remember correctly, I had to turn over the actual title to the lender, and was issued a memorandum.
This is why I thought it strange to be issued a title at the time of purchase - never payed attention to the lender lien on it.
Now that I've moved south of the OH river, I'll be paying off a vehicle in the next few months (purchased and reside in Kentucky) - do they send me a new title with no lien from the lender?? Do I have to apply for a new title??
