Is it legal to sell a boat as a repo from the bank when the dealer owns boat the boat.?

Question:
I pulled some stings with some collegue bankers, and I was advised the bank that had the boat no longer owns it. Thus I conclude the dealer does.

Answers:

Is it true that if you're in a boat, and there's a hole in it, it will sink? What if you're on land?

The dealer may have had to "floorplan" the boat with the bank, which means that if the bank has to repo it, the dealer is required to make good on the loan. If the dealer owns it, it must still be sold as a used boat, but the title should be clear. You'll have an easier time dealing with a dealer than a bank, anyway.

what is the HP of Detriot Diesel 71?

depends on the state.some requir title for sale or paper trail registered owner etc. some, posession with a bill of sale kinda like a race car. there could be a lien at the bank. i dunno

Dry housing boat storage facility??

the title holder or name on the title is right full owner of the boat. if you sell a boat without title owner notice then you commit a crime.

How can I get a beached houseboat into the water without waiting for lake to rise?


if i was you, i would pay off title owner and get the title then give it to new owner before any legal action is pending against you.

Is it possible to steer a 40-ft. boat with a tiller on a river with a strong current?

if you have to post that question here, you might want to consult an attorney. sounds like you may have some "shady" colleagues.
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