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Dealer won't fund Factory, Need Advice

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Old 12-19-2012, 06:41 AM
  #11  
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Originally Posted by antisocial
Since when does money that was going to purchase another boat that has a contract on it become working capital ? Thats a priceless quote.. I think its time to take a plane ride..
I couldn't believe it either.
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Old 12-19-2012, 06:47 AM
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Originally Posted by Chuck
Spectre is fully aware of the situation and has repeatedly asked for the funds to complete the boat. I even asked that the funds be put in an escrow account to assure everyone good faith. I was told " why would I put my working capital in escrow". My reply was that it isn't your working capital it is the funds from the sale of MY BOAT!!!!! I am hoping that the new owner will see this thread and also push Oregon Custom Marine to fund the new boat so that I can release the lien on his boat.
As said by ski doc, i would contact the new owner of your old boat. Legally he does not own it and has a right to know that, being as you have kept up on the payments you could walk right up to it and take it legally and resell it. it may also force OCM to do the right thing. Whether or not they realize it they are already breaking the law..
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Old 12-19-2012, 06:53 AM
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Originally Posted by offshoredrillin
As said by ski doc, i would contact the new owner of your old boat. Legally he does not own it and has a right to know that, being as you have kept up on the payments you could walk right up to it and take it legally and resell it. it may also force OCM to do the right thing. Whether or not they realize it they are already breaking the law..
I wish it were that easy Rob. When I previously told OCM that I was going to reach out to the new owner via OSO he begged me not to and later claimed that I told him I owned the boat free and clear. That claim is obviously to defend himself of any legal action. Regardless once he knew of a lien on a sold boat it should have been addressed. I can have the lien release as soon as the new boat is completed.
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Old 12-19-2012, 07:02 AM
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Originally Posted by Chuck
I wish it were that easy Rob. When I previously told OCM that I was going to reach out to the new owner via OSO he begged me not to and later claimed that I told him I owned the boat free and clear. That claim is obviously to defend himself of any legal action. Regardless once he knew of a lien on a sold boat it should have been addressed. I can have the lien release as soon as the new boat is completed.
Then let OCM know that if payment isn't made within 24 hours you will file a stolen boat report. You more than anyone know the ramifications of paperwork follow through, don't get burned twice by being too nice.
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Old 12-19-2012, 07:06 AM
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Originally Posted by offshoredrillin
Then let OCM know that if payment isn't made within 24 hours you will file a stolen boat report. You more than anyone know the ramifications of paperwork follow through, don't get burned twice by being too nice.
I've looked into that and legally it isn't stolen. Unfortunately it is a civil matter.
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Old 12-19-2012, 07:24 AM
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Hummm

Last edited by drejustice; 12-20-2012 at 06:17 PM.
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Old 12-19-2012, 07:28 AM
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Try to find the guy that bought your Nortech, I am sure he would be pleased that the Oregon dealer sold him a boat with a lean on it and has not paid it.
Also I am no expert but the dealer representing your Nortech as free and clear and selling it to the buyer as such would be a criminal act.
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Old 12-19-2012, 07:32 AM
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Originally Posted by GLH
Try to find the guy that bought your Nortech, I am sure he would be pleased that the Oregon dealer sold him a boat with a lean on it and has not paid it.
Also I am no expert but the dealer representing your Nortech as free and clear and selling it to the buyer as such would be a criminal act.
When I threatened to out this fact previously he claims I told him it was free and clear which is total BS but.... I am hoping that this thread will find its way to the new owner. We all know that this is a small group of owners nationwide. I am sure that someone here on OSO has seen the boat out west.
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Old 12-19-2012, 07:34 AM
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Who is holding the title for the boat and I presume the trailer, I have never seen a bank loan money on something and not put their name on the title, that secures their interest in the matter, I feel for ya, in the end the guy who bought your old boat might be holding the short straw.
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Old 12-19-2012, 07:47 AM
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Originally Posted by drejustice
I'd also contact all the manufacturers they supposedly represent and let them know what kind of "dealer" they have. They list some that don't want negative pr associated with dealers who are less than standup. On the OCM website they list Nordic in addition to Spectre. I'd also post your message/story on all the performance boats forums, especially the ones that have a large local presence for them. Performance boats forum, River Dave's Place, etc. Stop playing nice guy and contact the new owner and mention your lien and that your going to pursue because of OCM.
Thanks for the response! I will make some calls today. I think they are selling DCB's also.
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