Please Help...
10-08-2008 | 02:54 PM
#131
Registered
Joined: Feb 2005
Posts: 349
Likes: 0
From: Cape Coral, FL
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.
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!
10-08-2008 | 03:50 PM
#132
Registered
Joined: Jun 2003
Posts: 920
Likes: 0
From: Oklahoma
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.
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..
10-08-2008 | 04:26 PM
#133
Ginger or Mary Ann?
Joined: Oct 2000
Posts: 11,030
Likes: 9
From: L
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!
Now, enjoy YOUR boat!
__________________
Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
10-09-2008 | 10:22 AM
#139
Registered
Joined: Jan 2004
Posts: 1,848
Likes: 8
From: Jacksonville FL
For the record, i never said i didnt think he spent the money, or he may have done some really stupid things etc...... i just figured he would take care of it, and in the back of my head i knew his parents had loot too and i figured he'd have them bail him out if need be....... im glad he took care of it but man was he an idiot for the last 5 months......
10-09-2008 | 10:34 AM
#140
Gold Member
Joined: Sep 2005
Posts: 2,484
Likes: 5
From: ft. myers, fl.
