Abandoned boat disposal
What are the legalities of a boatyard disposing of an abandoned boat? I am mostly interested in what, if any, rights the previous owner has? Also are there ways around registering a boat that was abandoned when no title is present?
I am looking at an abandoned boat, the storage facility has been unable to contact the owner and is basically giving the boat to the first person who can make arrangements to have it moved. Seems like a good way to get a good boat cheap, but I want to be well informed before I drop any money on moving the boat.
If registration is going to be impossible I have thought about cutting her up on location and scrapping everything out. Would the value of the engine, electronics, sails, and scrap aluminum/lead make it worth my time to cut up and dispose of a 37ft boat?