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What to do with boat with no title and bank doesnt want??!!

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Old 03-01-2011, 08:47 PM
  #31
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Wouldn't that be called fraud?

I belive this would also fall under Federal statues for prosecuting. My guess: if that is actually going on? The Feds are already investigating it and are giving someone a long lead to see who it all catches.... BE VERY CAREFULL!!!
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Old 03-01-2011, 08:59 PM
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He quit paying on it, the bank holds the title and is out the money. The bank didn't want it back, as in just dropped off, or was he trying to renegotiate?
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Old 03-01-2011, 10:04 PM
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Originally Posted by kilrbusa View Post
SVl---didnt your friend have a problem w an activator?
exactly...hello pot meet kettle...
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Old 03-02-2011, 02:58 AM
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I wasnt reading much on these boards when the activator issue was taking place...but it sounds similar

Last edited by kilrbusa; 03-02-2011 at 05:01 PM.
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Old 03-02-2011, 03:34 AM
  #35
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It can be done if you go thru national marine with backing from Hionas......
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Old 03-02-2011, 09:10 AM
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My friend bought a activator that was originally one year and the VIN was changed to another year after the boat was ran through an insurance claim. Completely different situation. He was not in trouble, he bought it that way with a title that was not for that boat. Here we are talking about getting a title for the boat in question. No fraud at all. The bank said they didnt want it. I am sure you can get a letter from the bank claiming what they have said. Nothing illegal about that at all. I was going to do the leg work for a fee.
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Old 03-02-2011, 09:11 AM
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Bajaholic is dead on in is statement to follow the rules of abandonment in your state. That is how you get a clean title.

Last edited by SVL-WARLOCK; 03-02-2011 at 09:13 AM. Reason: add info
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Old 03-02-2011, 09:30 AM
  #38
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Quote:
Originally Posted by US1 Fountain View Post
He quit paying on it, the bank holds the title and is out the money. The bank didn't want it back, as in just dropped off, or was he trying to renegotiate?
The story i got so far is that he missed a few payments and the bank sent a few notices...so he realized this was not gonna work out so he went directly to the bank with boat in tow, spoke to the lending officer that did the loan for him and wanted to give it back after telling them he can not afford it and would rather they repo it now then have the hassle later. He was willing to even drive to any storage facility they wanted. They came back and told him they dont want it and wouldnt tell him if anything else would come out of it. So he took it back home and its been sittin gin the garage since....no peep since from anyone about it. As soon as i get the lending info on this i will be calling the bank to see what if anything i can do with it and how flexible they may be to get something worked out.
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Old 03-02-2011, 09:32 AM
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Wally, if your friend is interested, I would be willing to purchase the boat as is.
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Old 03-02-2011, 09:33 AM
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Quote:
Originally Posted by kilrbusa View Post
SVl---didnt your friend have a problem w an activator?
I was just thinking the same thing......
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