Denis Marier wrote:
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. Neal®" 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




Denis,

As usual Capt.Kneel is dead WRONG and offering up VERY bad advice.
Jesus Kneel, when you don't have a clew, shut the **** up! Oh wait, that
would mean you would never post. That would be a good thing Kneel.
You're really quite stupid and it REALLY shows.

Denis, liens on boats do NOT have to be registered on "title" to be
enforced. In fact there is no public record kept of liens on boats,
either in the USA or Canada. Maritime law dictates that a lien exists if
a debt is owed. Nothing has to be registered or documented for the lien
to be enforceable.

It is therefore virtually impossible to guarantee that a vessel is lien,
debt, and encumberance free when you buy it. You CAN research to the
best of your ability and then make a decision as to whether you ~think~
it is debt free, but that doesn't guarantee anything.

If the vessel is worth more than a couple of grand, see a maritime
lawyer. He or she will write a clause into the agreement of purchase and
sale that will force the seller to declare that the vessel is free of
all debts, liens and encumerances, and that the clause will survive
closing of the sale. In other words, if the previous owner screws you,
you have some legal recourse. But that assumes that you 1) You can find
the previous owner and 2) He has enough money to make it worth chasing him.

Since you appear to be in N.B. Denis, there are two possible ways that
the boat can be "titled" (which is not the correct term by the way)

A Canadian vessel can be either licensed (Provincially) or Documented
(Federally). If the vessel is Provincially licensed it will have numbers
down each side of the bow. If it's Federally Documented it will have the
name and port of registry on the transom, and a plaque inside giving the
official registration number and registered tonnage.

Buying a used boat (in the USA or Canada) is ALWAYS a crapshoot Denis.
You can NEVER be 100% certain that you hold CLEAR ownership without
debts that you don't know about. That's a fact that very few people realize.



M