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Agree, in Canada if the boat is registered it is possible to check for any
liens. If the boat is licensed and the majority are you cannot check for any liens. I wonder if it is the same in the United States. I have seeing many US boats with numbers affixed on each side of the bow. If they have the same regulation as we have when I buy a used sailboat in the United States I will have to do a little gymnastic to get clear ownership. "Evan Gatehouse" wrote in message ... Denis Marier wrote: 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 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 If it is a registered vessel, you can easily check the title is clear of liens. If it is licensed it will have a number on the bow. In BC they usually start "13K ....". Licensed vessels may have liens against them and you won't be able to tell. Licenses are for smaller boats (under 15 gross tons), effectively about 40' or so. Evan Gatehouse |
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