Thanks for the tip. Does this mean that an original title has to be updated
to be current?
The other thing is how to I know that the title is current?
"Capt. NealŪ" wrote in message
...
"Denis Marier" wrote in message
...
I am a little uneasy to buy a used sailboat.
I do not know of any mechanism that can tell me if there are any
monetary
liens against a sailboat. If I buy a boat and pay the seller in full who
will prove that I own the boat. The seller may still owe money to the
bank
that makes the bank the real owner.
One of our club member did buy a boat in the US and managed to obtain
clearance from the lending institution. This may not always be the case.
Many are saying that I may have to hire the service of lawyer to get
clear
ownership other suggested the service of a broker. In Canada, lawyers
are
only responsible for what information they have access or made available
to
them. I would appreciate any comments and suggestions
TIA
Check the title. Any lienholders will be listed there. Make sure it is a
current clean title or walk away.
CN
|