Hi all, looking at adding another boat to the fleet. The owner lives in one state and the boat is at his cabin in yet another state. While we would find a spot to meet and I would tow the boat back home, apparently he has a loan on it and so I'm worried about all the usual scams you hear about. I want to verify that the boat isn't stolen and that the bank will actually release the title and let me transfer it into my name in my own state. In other words that everything goes as it is supposed to. My thought is I would give the owner a cashiers check when I take the boat, but that something could go wrong or some other such scam could take place from there. Is it standard practice to call the bank that holds the lien to verify ownership? He tells me that once the bank releases the lien, he would send me the title which all told would take10 days at most. Anybody have any advice or experience here?
Thanks
Thanks