If you are trying to see if the current owner still has a payoff on the vehicle, it will say on the title. If it is a free and clear title then the original lien holder has to sign off on the title. Some states have a title and a form called a lien release. What state do you live in?
Provided you paid for the orginal boat with post tax dollars, and the boat was not used in a business which declared the boat as an asset of the business, there is no tax. If the boat was used in the operation of a business, and was part of the assets, you must declare the sale on your business taxes. Otherwise there is no taxes.
Now that Ontario has the used car package, you should be aware if any outstanding liens are on this vehicle. However if you purchased the vehicle with a lien still on it you are liable for that lien and the vehicle can be repo'd. If the vehicle was bought through a dealer then they are liable for the lien. Also check the lien to see if it has expired, as this is a case that happens alot. The lien expires but still shows up on the lien search or the original lien has been paid but the lien holder never released it.
When you go shopping for a new boat, the first step is to look into the boat dealers in your area. You have a number of options, here. If you insist on a new boat, you'll want to buy directly from the manufacturers or from the boat dealer. If you can settle for used, you'll want to buy from the local papers and so on. Here are some advantages and disadvantages to each of these options.Buying Brand NewThe upside to buying a brand new boat is that it usually comes all in one piece. You get your motor, you get the boat itself, all intact. When buying used, you might wind up with a boat that needs a little work, you might have to buy a boat and motor separately, a boat might need to be reupholstered or repaired. In any event, a new boat is great if you have the money.That's one of the downsides, too, of course: 'if' you have the money. For someone who just wants a boat to cruise around with or do a little fishing, a new boat might be a little too big of an expense. Luckily, used boats do have their advantages, too.Buying Used BoatsA used boat is, first and foremost, much cheaper. A used boat that's still in great shape might only cost half as much as the exact same model new. Of course, the downside is that it may need repairs or a new motor. Luckily, this offers another advantage: customization.Taking a beat up old used boat and repairing it, tweaking it and tuning it to be your dream boat is really a great experience for the mechanically inclined. If you have the tools and the know-how, this can be an incredibly rewarding project and when you finally get it out on the water, you'll be able to take some incredible pride in your work. That's not something that just any boat owner can boast.
There is a company called boathistoryreport.com that is the equivalent of carfax for watercrafts. Boat History Report runs their reports similar to carafax. You can run a history report and see if a boat has been in an accident, salvaged, submerged, seized, has an environmental lien, etc. It is a very valuable resource if you are in the used boat market.
You need to sue the debtor and if you prevail the court can issue a judgment lien. The judgment lien can be recorded in the land records and used by the sheriff to seize personal property.You need to sue the debtor and if you prevail the court can issue a judgment lien. The judgment lien can be recorded in the land records and used by the sheriff to seize personal property.You need to sue the debtor and if you prevail the court can issue a judgment lien. The judgment lien can be recorded in the land records and used by the sheriff to seize personal property.You need to sue the debtor and if you prevail the court can issue a judgment lien. The judgment lien can be recorded in the land records and used by the sheriff to seize personal property.
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