Notice:
The advice given on this site is based upon individual or quoted experience, yours may differ.
The Officers, Staff and members of this site only provide information based upon the concept that anyone utilizing this information does so at their own risk and holds harmless all contributors to this site.
I guess this guy thinks that offering it for free that people are going to come and clean his back yard. Sorry, I want to be paid to remove his junk. Heck in a few more years the jungle will swallow it up.
Scott-"IMPULSE"87'C25/SR/WK/Din.#5688 Sailing out of Glen Cove,L.I Sound
I know that none of our boats look like that. But they could, in the wrong hands.
Which brings to mind one interesting point. When I am ready to sell my boat (still a couple years away), I am not going to just sign over the title. I am going to accompany the buyer to the local agency to make sure he applies for a new title.
Why, you ask? Because I've seen too many derelict boats that were bought from a prior owner, and I know (from the expired registration stickers) that the new owner never transferred the documents into his name. A few more years, when that boat sinks under the snow (as one did this past winter), the person who is going to be on the hook is the owner of record - the previous owner!
Have any of you worried about this?
Rick S., Swarthmore, PA PO of Take Five, 1998 Catalina 250WK #348 (relocated to Baltimore's Inner Harbor) New owner of 2001 Catalina 34MkII #1535 Breakin' Away (at Rock Hall Landing Marina)
quote:and I know (from the expired registration stickers) that the new owner never transferred the documents into his name.
To combat this, Florida, in addition to a Bill of Sale, has a "Notice of Sale". This document is sent to the state by the seller. And contains all of the buyers information. Yet to be seen if it will have an impact.
Davy J
2005 Gemini 105Mc PO 1987 C25 #5509 SR/SK Tampa Bay
I know that none of our boats look like that. But they could, in the wrong hands.
Which brings to mind one interesting point. When I am ready to sell my boat (still a couple years away), I am not going to just sign over the title. I am going to accompany the buyer to the local agency to make sure he applies for a new title.
Why, you ask? Because I've seen too many derelict boats that were bought from a prior owner, and I know (from the expired registration stickers) that the new owner never transferred the documents into his name. A few more years, when that boat sinks under the snow (as one did this past winter), the person who is going to be on the hook is the owner of record - the previous owner!
Have any of you worried about this?
When I bought Andiamo I MADE the seller go with me to the TPWD office before I gave him the money. I wanted to be sure he was the actual owner before handing over the money. I was pretty sure he was but just wanted to be sure.
The reason? A few weeks before I bought Andiamo I'd looked at an O'Day 23 up at Canyon Lake, TX and was ready to buy. I point blank face to face asked the guy if he was the owner and if he had the title in his name and he said he was and did.
But something just didn't feel right. Some of the things he said just didn't seem right and when I met him at the marina to look at the O'Day he was on another boat (a big cruiser) that he "owned". It was for sale too. Seemed odd to me he had two boats that were both for sale at the same time.
Since the deal wasn't going to go down that day anyway I came back home and on Monday just for grins called the TPWD office in Austin and gave them the TX numbers.
Turns out he was NOT the owner. So I called him and asked him again and he assured me he was the owner. At that point I told him what I'd found out and then he got a little aggitated and also started back-tracking. Turns out he had "supposedly" bought the boat from a friend, did a little work on it, and was now selling it but had never gone down to change the title over. He said he did this all the time when he bought and sold boats and that it was not a problem, he'd just sign the title over to me. At this point red flags were flying and fireworks were going off in my mind. How would I know if this was even the truth? For all I know the boat my have been stolen!
What he didn't know is that I know in the state of Texas that's illegal. It's called skipping ownership (or something like that). He's basically screwing the state out of tax money when the boat was sold to him. If his story was even true and if I'd have paid him for the boat and gone down to register it in my name I'd have been stuck paying taxes twice (once for him and once for me).
He went ballistic when I told him about the above and then refused to buy the boat from him. I guess most people don't look into things as much as I did and he'd gotten away with it in the past and didn't like be called out on it.
Notice: The advice given on this site is based upon individual or quoted experience, yours may differ. The Officers, Staff and members of this site only provide information based upon the concept that anyone utilizing this information does so at their own risk and holds harmless all contributors to this site.