SailNet Community - View Single Post - Wow.. I need some advise here...
View Single Post
post #1 of Old 02-01-2013 Thread Starter
Join Date: Jan 2013
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 0
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!

benschleifer is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome