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

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Old 03-01-2011, 11:46 AM
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Default What to do with boat with no title and bank doesnt want??!!

A friend of mine in Tampa met a neighbor this past weekend and they got to talking and turns out the neighbor has a seadoo jetboat that he doesnt want. He went to the bank to give it back to them cause he cant aford to pay for it but they said dont want it!! Its been sitting in his garage for 8 months now with no peep from bank? He stopped paying for like a year ago and nothing!! Any way of getting the title from the bank in this case? I'd love to get my hands on this model...
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Old 03-01-2011, 11:52 AM
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I would suppose you could pay them what he owes.
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Old 03-01-2011, 11:54 AM
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walk in the bank and write them a check ,and release the lien & you leave with a title. sounds pretty easy
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Old 03-01-2011, 11:59 AM
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i'm not gonna pay off an note for almost 25k when the same model can be bought out there for under 15 right now!!
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Old 03-01-2011, 12:02 PM
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i'm not gonna pay off an note for almost 25k when the same model can be bought out there for under 15 right now!!
then you need to sit down with the bank and cut a deal ,if not find one of those 15 K ones and get ready for spring
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Old 03-01-2011, 12:56 PM
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Quote:
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i'm not gonna pay off an note for almost 25k when the same model can be bought out there for under 15 right now!!
And I'd guess that's probably the reason the bank doesn't want it.

I'd offer pennys on the dollar and see if they bite. What can they say? No??
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Old 03-01-2011, 01:00 PM
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Quote:
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i'm not gonna pay off an note for almost 25k when the same model can be bought out there for under 15 right now!!
A $25k note on a Sea Doo....?
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Old 03-01-2011, 01:09 PM
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Like said, go low ball them an offer (real low). If they want it off their books they will take it.
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Old 03-01-2011, 01:12 PM
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A $25k note on a Sea Doo....?
same thing i was thinking. lets see what happens with this
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Old 03-01-2011, 01:12 PM
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Odds are they will take a low offer or at least counter. A friend of mine did the same thing with a bass boat that was owed 16K he paid 3k and the bank said they would have gone lower if he had offered less! It's worth a try.
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