Please Help...
10-08-2008, 03:50 PM
#131
Registered
Join Date: Jun 2003
Location: Oklahoma
Posts: 920
Likes: 0
Received 0 Likes
on
0 Posts
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
#132
Charter Member
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
#138
Registered
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
#139
Gold Member
Gold Member
10-09-2008, 10:54 AM
#140
Registered
Join Date: Nov 2007
Location: Marlboro, New Jersey
Posts: 489
Likes: 0
Received 0 Likes
on
0 Posts
Its great you heard from the bank themselves that all was OK but it ain't over till the title is in your posession.
I wish you all the luck in the world with your new boat.
I tell you it is bad when anybody gets screwed but I tell you when somebody takes advantage of a guy in the military that literally lays it on the line for the love of our country it REALLY really sucks.
Please let us know when it is finally put to bed !!!
I wish you all the luck in the world with your new boat.
I tell you it is bad when anybody gets screwed but I tell you when somebody takes advantage of a guy in the military that literally lays it on the line for the love of our country it REALLY really sucks.
Please let us know when it is finally put to bed !!!
