You have to notify any potential buyers of the lien against the boat, and if they buy it, the payment should be made in a certified cheque payable to both you and the bank that has the lien. Notify the bank.financial firm that there is a sale, before the cheque is cut, so they can offer a release at the time.\
new answer sell very quickly
Sell it privately for what you owe on it.
Boats.com is an excellent site for boat owners wanting to sell their old boat because you will be given step by step instructions on how to sell the boat.
they sell the auto at an auction sell it to the highest bidder and you the remainder
You owe the difference in what the car sells for and the balance on the note.
ebay
The best way to sell a boat on Craigslist is to include all important information about the boat. Include, make, model, pictures of the boast, price, and details that make your boat unique.
ebay
You only owe tax on the capital gain.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
AnswerNeither. As an atheist, I owe allegience to neither and do not believe they really exist.
you usually do. it happened to my brother.
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.