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Old 02-01-2013
benschleifer benschleifer is offline
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Question Wow.. I need some advise here...

Hello everybody,

I am in Florida and trying to purchase an Italian boat that was imported to the states a year ago. its a SV from 1983. the boat is listed by broker and we are under a contract, actually today was closing day but we didn't close because we have a problem....

Talking to the boat home port in Italy I discovered that the boat has 4 owners and not one owner, as I been told.

In 2002 this guy (suppose to be the only owner) didn't verify that there wasn't a deletion of the previous owners and probably in the official records he joined the previous 3 . now we need all the 4 of them to agree for the sale but some of them are not alive anymore...and.... bla bla bla....

Bottom line:
the way that I see it I have three possible options :

1) to pay a company in Italy that will organize everything- transfer of the ownership and I can keep the boat under Italian flag- they want 2000-2500 E !!! and I don't have this money to spend on this, and they still need the 4 owners (or power of attorney) to be present.

2) Another option is to forget about Italy and to make a new registration in the states. with the papers I have I know its possible, but then I am not sure if I will have any problems in the future ... I am planning to go around the world with the boat... basically the boat will be register in two places, in the Italian records the owners will be all the 4 of them but in the states it will be only me.

3) to walk away - which I really don't want, I love the boat and already spent a lot of money on her (survey, accommodation and some repairs)

BTW I am not planning to have any insurance but maybe the next owner will.

I already spoke with many documentation agencies and except the one in Italy no one else knows what to do.

So... what you think I should do?? any advises??

Thank you very much for Reading!

Much love!

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