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Old 03-11-2008
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USCG Abstract of Title

Be sure to have the USCG abstract of title run just before you hand over any payment for the vessel. An IRS lien was being placed on a boat we were in the process of buying the very day that we were going to wire funds to the boat owner who claimed that there were no liens on the boat. The boat was listed with a broker but he didn't necessarily have any knowledge of the impending lien.
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