What to do with boat with no title and bank doesnt want??!!
03-01-2011, 07:47 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!!!
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!!!
03-01-2011, 07:59 PM
#32
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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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03-02-2011, 01:58 AM
#34
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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 04:01 PM.
03-02-2011, 08:10 AM
#36
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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.
03-02-2011, 08:11 AM
#37
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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 08:13 AM. Reason: add info
03-02-2011, 08:30 AM
#38
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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03-02-2011, 08:32 AM
#39
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Wally, if your friend is interested, I would be willing to purchase the boat as is.
