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Originally Posted by bruin_d
(Post 2710015)
Good news: I just got off of the phone with Region's Bank and they told me that the check has cleared, the loan is paid in full, and they sent the paperwork off to the Coast Guard (anyone have an idea how long it should take the CG to release the lien?).
Bad news: I finally found out the entire (I hope there isn't more) truth to this. Apparently when I bought the boat for 37K he owed 45K on it. No big deal. However, he did not have the 8K to pay the difference so he just put my money into his account and was basically living off of and paying the payments with my money. He refinanced his house to pay my boat off but I wasn't going to wait for another excuse of why the boat wasn't paid off yet so he was able to get a loan from his parents to pay off the boat while he waits for his refinance money. Also, the 4K, 5K pay off numbers he was giving me were BS. He owed $36,812 to clear the title!!!! WOW!!! Hopefully I will OFFICIALLY own my boat in the very near future. Please, if you are looking at boats, cars, etc. DON'T MAKE THE SAME MISTAKE THAT I DID!!!!!!!!!!!!!!!!! Thanks again for all of the help. I had a feeling he owed more then he was telling you. I am glad you got this straightened out. Now enjoy YOUR boat! |
Originally Posted by bruin_d
(Post 2710015)
Good news: I just got off of the phone with Region's Bank and they told me that the check has cleared, the loan is paid in full, and they sent the paperwork off to the Coast Guard (anyone have an idea how long it should take the CG to release the lien?).
Bad news: I finally found out the entire (I hope there isn't more) truth to this. Apparently when I bought the boat for 37K he owed 45K on it. No big deal. However, he did not have the 8K to pay the difference so he just put my money into his account and was basically living off of and paying the payments with my money. He refinanced his house to pay my boat off but I wasn't going to wait for another excuse of why the boat wasn't paid off yet so he was able to get a loan from his parents to pay off the boat while he waits for his refinance money. Also, the 4K, 5K pay off numbers he was giving me were BS. He owed $36,812 to clear the title!!!! WOW!!! Hopefully I will OFFICIALLY own my boat in the very near future. Please, if you are looking at boats, cars, etc. DON'T MAKE THE SAME MISTAKE THAT I DID!!!!!!!!!!!!!!!!! Thanks again for all of the help. BTW- I'm glad you have this resolved.. |
That explains why he got pizzed off when a couple of us Fountain owners commented that his original asking price was too high. I think it was in themid to high 40's. He was hoping to get payoff.
Now, enjoy YOUR boat! |
how the fk did he get into the Skater if he's living off a shoe-lace :grinser010:
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You have no clue how lucky you got on this. This douchebag was heading straight into a bust-out on your dough.
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Oh, yeah. Almost forgot...
To all of his friends that posted about what a good guy he was and how he'll take care of this- there's your pal for you. |
as suspected, his fun filled performance boating summer was financed on your dime.
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Originally Posted by Downtown42
(Post 2710661)
how the fk did he get into the Skater if he's living off a shoe-lace :grinser010:
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Originally Posted by Chris Sunkin
(Post 2710706)
Oh, yeah. Almost forgot...
To all of his friends that posted about what a good guy he was and how he'll take care of this- there's your pal for you. |
Originally Posted by Chris Sunkin
(Post 2710701)
You have no clue how lucky you got on this. This douchebag was heading straight into a bust-out on your dough.
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