On Mon, 2 Jan 2006 12:23:54 -0500, "Reggie Smithers"
wrote:

JohnH,

Did the credit union warrant that the title was clean and clear? Since you
purchased the boat, and used them to "borrow the money" and they were the
lien holder, I would think it was up to you to provide them with a clean
title, not up to them to provide you with a clean title.

Or do you mean that since the title was clean enough for the Credit Union,
it probably was a clean title?


"JohnH" wrote in message
.. .
On Mon, 02 Jan 2006 14:52:02 GMT, "Butch Davis"
wrote:

Reggie,

When buying a used boat it is critically important to absolutly know that
the boat is legally owned by the seller and that it is free of any liens.
Some states continue to fail to require boat titles. Alabama is one of
those states.

As you said, the other major risk is hidden defects. New engines and/or
major hull repair would drive the cost well above that of a new boat with
a
warranty.

Butch

To overcome the 'title' problem, I financed the boat through the credit
union and let
them worry about getting the correct title, etc. Then, after a couple
weeks, I paid
off the loan. Total cost to me was about $25, well worth it.

--
John H.

"Divide each difficulty into as many parts as is feasible and necessary to
resolve it."
Rene Descartes


The credit union worked with the seller's bank to get the title. The seller still had
a note on the boat which had to be paid off by the credit union.

To answer your second question, I guess I assumed if it was clean enough for the
credit union, it would be clean enough for me. I figured they had some quick and
dirty way to check a title.

How would one go about verifying a clean title?

--
John H.

"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes