National Marine in ohio
 

Does anyone have any information on the Bankrupt National Marine Boat Sales in Ohio? I traded a boat in for a new Fountain and they never paid off the loan.

Re: National Marine in ohio
 

This post can,t be for real can it!

Re: National Marine in ohio
 

yes it is!

Re: National Marine in ohio
 

Oh man........so sorry!

Re: National Marine in ohio
 

im not the only one! several of my boating buddys are in the same situation, my question to anyone is help! they took my trade sold it and did'nt pay off the loan.

Re: National Marine in ohio
 

I think you are screwed. The guy you're looking for lives in Fla.

Re: National Marine in ohio
 

Good Luck.....this has been discussed on OSO more than the last presidential election. From what I've heard, apparently you now own 2 boats... just haven't seen one of them for quite awhile!

Re: National Marine in ohio
 

OH MAN does it ever end? you have my sympthy:(

Re: National Marine in ohio
 

unbelieveable :(

Re: National Marine in ohio
 

I still don't understand how he is still around. Surely he has messed with the wrong person by now. Unbelieveable!

Re: National Marine in ohio
 

National went toes-up in the late summer of '04. You haven't been making payments on your "former" boat all this time and the bank is just now, 2.5 years later, letting you know that your payment is late?

Re: National Marine in ohio
 

Unreal. Time to get a lawer and have him find your old boat and the new guy is gona get hosed from what I understand... :(

Jon

Re: National Marine in ohio
 

So did anyone go to jail from National?

Talk about trickle down ecconomics. Wow.

Re: National Marine in ohio
 

I was thinking thhe same thing. Did you just find this out?

Re: National Marine in ohio
 

Pm otis311. He went thru it with National and
came out of it o/k. I think the banks did some
illegal chit and had to pony up.

Re: National Marine in ohio
 

When I read the first post I had Grey Goose shoot out my nostrals:eek:

Re: National Marine in ohio
 

Which prison in Florida is he in??

I don't get it. How is he not in prison!?

Re: National Marine in ohio
 

Rumor is that Bill is starting to get back in the boat business. He is supposedly behind this web site.

www.performanceboatsusa.com

Re: National Marine in ohio
 

Fountain11. Your best bet is to find the boat and get it back if you can. My boat came from National and the JackA## try to pull a fast one on me. It amazes me he is not in prison or someone has not went after him. Try and do a abstract of title you may be able to find so info on were your boat is located. Sorry for your troubles and good luck.

Re: National Marine in ohio
 

I keep thinking the same thing. I guess he never ripped off a bad-a$$ either because he's still around.

Re: National Marine in ohio
 

I heard the same thing from a VERY reliable source. He is partnered up with Randy Garciga from Cobra on this deal. WTF ??

Athough I do like Randy, I would stay far,far ,far away from this company until this all pans out and someone flushes Bill out. If Bill is involved, someone will get burned for sure

Re: National Marine in ohio
 

Where have you been hiding for the past 2.5 years ?? Many lawsuits have been filed and most have been settled as far as I know. I dont know what can be done for you at this point. I would contact an good lawyer in Ohio and get to work on it right away.

Good luck, You will need all of it

Re: National Marine in ohio
 

PERFORMANCE BOATS USA ! I know the owner of this company and his family for over 10 years and no way are any of the previously mentioned people involved. I also know that this business is only a very small part of the family empire and that no floor plan is in place or will ever be needed.

Re: National Marine in ohio
 

Abstract title search will produce the legal owner and lein holder. Yes, you are still responsible for the loan if your original lein isn't satisfied. If a major bank was holding the note (must be the case or you certainly would have heard before now) they have been involved already. If it's a local player you might have some ground to cover but something has been happening. No one will tell you anything without your own legal representation as the banks own the asset not you.
Get a lawyer and settle as fast as possible.

More Miami hustle...condolences.

Re: National Marine in ohio
 

I just got off the phone with Sy


My apologozies to PERFORMANCE BOATS USA

These people are long time customers of Sy's

I have the wrong business and meant no harm to these fine people

If Sy says they are standup people... They are standup people

Wow, I now see how a thread can go south real quick and hurt some innocint person or a business


Sy, Thanks for jumping in real quick and saving my ass

Bob

Re: National Marine in ohio
 

We need alittle more OSO investigation.

I was wrong with tying this company to Bill H.

My bad, Ill go hide my dumb ass under a rock for awhile

Re: National Marine in ohio
 

Not so, the bank(s) will have a lien on the boat. They don't become the owner until it is reposessed and gone through proper proceedures to have the title changed. The new owner may acutally own the boat, but it is subject to the lien of the first bank and probably the bank that loaned him/her money. By transfering title the origional owner probably triggered the "due on sale or transfer" clause in his note & security agreement. If the current owner pays off the original note I can't see any reason why he couldn't keep it as he bought in good faith. However he probably won't, he will look to void the transaction and then.......

I agree 100% with the last statement.:D :D

Re: National Marine in ohio
 

So is Sy saying that Randy Garciga is not involved with PERFORMANCE BOATS USA ?

Re: National Marine in ohio
 

A title with a lien placed on it cannot be conveyed unless the lien is removed.

If I buy a boat from you and pay you the full amount- and the bank you owe money to has a lien on the title, I cannot transfer that title into my name until the lien is discharged. Even though you have my money and the bank's money, and I have possession of the boat, it's still titled in your name and technically your boat until the bank discharges their lien. If they do so without receiving payment from you, that's their business. If I don't hold clear title, I can't sell it to another party- since I don't legally own it. I can give it to them and they can give me money in return but they still don't own the boat.

The big question is- how does the "owner" of a boat that they've had for over 2 1/2 years yet doesn''t hold title to register the craft?

Re: National Marine in ohio
 

This can't be for real.

Mike

Re: National Marine in ohio
 

Not so, you can title the boat or car, airplane, house or whatever, in your name. The lien however will continue to appear on the new title or court house records because it wasn't paid.

The bank's security agreement will have a "due on sale or transfer" clause because it doesn't want you to sell it without paying them off, but it can't stop you from selling the asset. It can however call the note due in full at that time because the prior owner violated a loan covanent and if not paid reposess the asset from the new owner.

Now no person of sound judgement would buy it without paying off the lien, unless they were able to assume the loan from the bank. But the bank can't keep you from transfering title of an asset, they can only enforce their lien if not paid.

Re: National Marine in ohio
 

Von Bongo,
Didn't I read here that National was producing duplicate titles?
Maybe without a lien showing up?
Gary

Re: National Marine in ohio
 

well, I dont know for sure that Bill H. is involved with PERFORMANCEBOATSUSA.COM or not. The info I had on that is second hand, although from a very reputable and reliable source

But nobody can now dispute that Randy Garciga is involved with this company

www.register.com

type in PERFORMANCEBOATSUSA.COM and look at the registrantand the administrative contact and the technical contact

Randy Garciga

Things that make you go MMMMMMMMM

Re: National Marine in ohio
 

Sy, Can you explain this finding ??

Re: National Marine in ohio
 

I dont think he can dispute this fact now, I just havent tied Bill H into this whole deal yet besides hearsay

Re: National Marine in ohio
 

I found the same thing you did and am asking the same question.

Re: National Marine in ohio
 

Not in Ohio.

ORC 4505.08(A)
"...The clerk shall sign and affix the clerk's seal to the original certificate of title and, if there are no liens on the motor vehicle, shall deliver the certificate to the applicant or the selling dealer. If there are one or more liens on the motor vehicle, the certificate of title shall be delivered to the holder of the first lien or the selling dealer, who shall deliver the certificate of title to the holder of the first lien."




Real propery and vehicle titles are registered with the county, as are liens. If there's a lien, they will not convey the title without release. I've been on both sides of this issue- several times placing judgment liens on properties and once with a boat I bought- the seller forged a lien release on the title.

If the buyer showed up at National with his boat and a clear title looking to deal that's one story. If there was a lien marking on the title, Warren county would not have transferred it from National to the new owner. Duplicates don't work either- they're all numbered and bar-coded now. If they had a clear but bogus out-of-state title, it would have popped back- they return them to the state of origin. If it was counterfeit from another state, Ohio would have voided their title and either contacted the holder or if unable, contacted the Highway Patrol. If it had gone to a 3rd state, Ohio would have gotten their title back. When they discovered the bogus title, they would notify that 3rd state.


Maybe in the instance we're speaking of, the person didn't offer the boat as security- possibly they made the purchase on a home equity loan. The lender and/or original dealer could have screwed up as well. I purchased a new Ford in Detroit and took one of those zero-interest deals. The dealer sent me a clear Michigan title. I took it to my local title bureau and transferred it here. I still have it. I have a contractural security agreement, collateralized with the vehicle, with the lender- but they have no lien on my title. I'm essentially free to sell it.

If I skipped the last 30+ payments, they probably would have called me by now.

Re: National Marine in ohio
 

Un-authorized duplicate title eliminates that pesky chain-of-ownership problem.....

Re: National Marine in ohio
 

That wasn't what they were saying......


http://i38.photobucket.com/albums/e1...ugemanatee.jpg

Re: National Marine in ohio
 

Spontaneously combusting manatee.....that's funny