answersLogoWhite

0


Best Answer

Of course they can. The title probably shows a lien on the boat. Until you pay in full, they can take the boat back.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can finance company repossess a boat if the title was sent to me?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is it legal to repossess a boat when infact the loan company doesn't have the title to the Double axle trailer?

The boat, yes - the trailer, no. Rest assured, they've dealt with this situation before, and are adequately equipped to deal with repossessing your boat while still leaving you the trailer.


Is boat insurance required in Louisiana?

Boat insurance is no required in the state of Louisiana,however if your boat is financed your finance company most likely will require proof of insurance. Its not required by law, in most states. You'll have to check with your department of motor vehicles where you register the boat. You do have to have a title and registration for boat and trailer because of them being on the roads. If you find that you need an insurance policy you can get a quote


If you sell a boat privately and the buyer does not pay can you repossess it if you have the title?

You can repossess the boat if it has not been paid for. It will help if you have signed documents concerning the sale and when and how it was to be paid for. And beware of the physical dangers involved if you try to repo it yourself. Experienced repo men have been killed by people mistaking them for thieves and by people who are just plain mad at being repo'ed.


What are good ways to finance your boat purchace?

There are several good ways to finance a boat purchase. If the boat is new, someone would have a better chance of getting a lower finance rate. Also, getting a small loan and paying on the boat with the most money you can will keep your finance rate down.


Can a repossesion company get a boat after bankruptcy has been filed on it?

The creditor can repossess the boat, after it files a motion for relief from stay that is allowed or you have agreed to surrender the boat to the creditor. The repo company is only acting as an agent for the creditor.You do not file bankruptcy "on" anything. You file bankruptcy to have your debts discharged if they are dischargeable. If you have intentionally omitted other creditors, your petition or discharge could be denied.


Can repo company repossess a boat while it is on a trailer that is not in the repossession order?

Yes. The trailer is considered personal property, much like that rod and real you left in the boat, or the motor that was not part of the loan. You will be permitted to claim your personal property for thirty days after the boat is repossessed. You will be charged for the storage of it though.


How do you obtain a boat title in Illinois if that boat was given to me for free with no title?

you have to go back to original owner and have them apply for lost title


What must you do to obtain an Oregon certificate of number for your boat?

Before a boat can be issued an Oregon certificate of number, the boat title must be obtained.


Can you sell your dirt bike when you financed it and use the money to bye a boat and keep making the payments?

No, not unless you consult your finance company and arrange for the loan to be paid out upon sale and then apply for a new loan for a boat or whatever it is you want.


When was Burger Boat Company created?

Burger Boat Company was created in 1863.


Where can information about boat finance be found?

Information about boat finance can be found online or in books. The best way to find it would be to search for a good website. BoatUS is a good website that provides a lot of information.


How do you sell boat without title?

tell them it is just that unique that there isn't a title