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Purchase Procedure-New York
I'm new to the site and have been reading everything I can get my hands on. This site and it's members are great. Good info. My question is, I'm looking at a 76 Pearson 28. So far looks good, solid condition, had it looked at by more experianced eyes, and with a few cosmetic fixes, we should be good. I talked to the yard manager, and apparently a substantial amount of fees are owed. Seller came across hard times. Do I need to check for liens on the vessel? Should I have something signed by owner and yard manager freeing me of monies due? Additionally, if we go through with purchase, what is the basic procedure?
-Agree on amount subject to seatrial
-purchase and transfer ownership
-due to it's age, is there a Title or just a transfer of Reg?
-register at DMV
I will also need to find out what the arrangement is with the yard re:storage.
Sorry for the long winded question.