Quote:
gostomskij - 10/20/2004 7:37 PM
I am in the process of buying a used boat. The deal is being done through a broker. How can I be sure that the boat is being sold by the true owner (not stolen, out of town, forged papers)? The boat is located in Miami, Fl.. Just don't to be one of those poor soles that got hosed.
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If you're financing the boat, the bank will handle all the paperwork. If you're paying cash, your broker should have the necessary paperwork on file.
When I was using a broker in WA State, he had all the documents on hand for inspection. He did a check for liens, which may or may not show up when a seller lists with a broker. We discovered one such lien placed on the boat by the teak decking installer. We made it part of the requirements of the seller prior to purchasing. He paid off the installer, the lien was removed and we bought the boat, after the survey and the mechanicals were done.