SailNet Community - View Single Post - Documented Vessel with a lien.
View Single Post
  #1  
Old 02-10-2011
bassviking bassviking is offline
Member
 
Join Date: May 2008
Location: San Diego
Posts: 30
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
bassviking is on a distinguished road
Documented Vessel with a lien.

Last summer I was about to buy a sailboat that had been USCG Documneted in the past but was not at the time of the proposed sale. I spent money on a survey and haulout and was very happy with the boat. But I was concerned about the possibility of a lien so I had a documentation guy run a check on it. He ordered the abstract of title from the USCG and discovered a lien from 2005 for over twice what I was going to pay for the boat. That obviously stopped the sale from my end. The owner of the boat spent quite a bit of time trying to track down the lien and never got anywhere with it. The abtract had a name and address of the owner of the lien but he never was able to get ahold of anybody. The other kicker is that the boat had changed hands at least two times since the lien was placed in 2005 and me trying to buy it last summer.

Is there anything the current owner of that boat can do in this situation to get the lien cleared?

Last edited by bassviking; 02-10-2011 at 03:41 AM. Reason: typos
Reply With Quote Share with Facebook