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Author Topic: Boat title with Lienholder Question...  (Read 3181 times)

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Offline ThunderCAT

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I should know this, but am having a mental block.

I am currently in the process of selling my boat, and found the trailer title, but I can't find the title for the boat anywhere. Then it dawned on me, would the bank that holds the lien against the boat have it? Does the bank keep it until the loan is paid off and the lien released?

Anyone able to help? Thanks!

Offline kingfisher1

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to answer your question, whomever holds the lien on your boat, hods the title on your boat.  Simplified, that's who has it.
walleyes, pannies, esox, cats, I don't care, let's go fishing!!

Offline ThunderCAT

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If this is right, then I can stop ripping my house apart looking for the thing and I don't have to apply for a duplicate title.

Offline kingfisher1

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you can stop tearing your house apart.b
walleyes, pannies, esox, cats, I don't care, let's go fishing!!

Offline Pegg

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Don't you remeber you signed it over to me when we were :tequila;:whistling: :rotflmao:


The bank should have it.
If today was perfect. There would be no need for tomorrow.

Offline ThunderCAT

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Don't you remeber you signed it over to me when we were :tequila;:whistling: :rotflmao:
.

Geezus, I might have actually. I am terrible at remember these types of things!!

I just found the title for one of our vehicles, and it has a lien (loan) against it with the same bank. That suggests to me I should have the title for the boat.  :scratch:

Offline stevejedlenski

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i just bought a new truck and the title was sent to me, i would think that you should have it. the only thing is that it would say it has a loan on it. P.S. what kind of boat and how much you want for it?
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Offline Randy Kaar

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  • Randy aka bh
call the bank, you will have to pay it off and get a lien
waiver before selling. they probly have a copy of the title.

randy
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Offline ThunderCAT

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i just bought a new truck and the title was sent to me, i would think that you should have it. the only thing is that it would say it has a loan on it. P.S. what kind of boat and how much you want for it?

I have it listed here: http://mnoutdoorsman.com/forums/index.php?topic=14559.0

Thanks for the feedback everyone. I just need to call the bank tomorrow to figure it out.

Offline ThunderCAT

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So I found out today from the DNR that boats 16' and under do NOT need a title. However, if you have a lien against it (a loan), a title is required. That title was supposedly sent to my bank, but my bank doesn't have it. So I'll need to apply for a duplicate.

Offline kingfisher1

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at least you can start putting the house back together.......
walleyes, pannies, esox, cats, I don't care, let's go fishing!!

Offline gds

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Every boat ive had a lein against , the bank had the tittle
Gary

Offline Stensethfan

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I was a loan officer for two years and have a boat with a loan on it.  The bank should have been sent the title. If they do not have it either they or the state screwed the pooch.  Vehicle titles with loans on them get sent to the owner, boats get sent to the bank.
Don't shoot anything you do not plan on eating ~ D. S.
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Offline finch

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never had to go through it with a boat but it's happened a few times where the bank has lost my truck title.  I refinanced my loan and a few weeks later got a letter saying they needed my title, but they had already had it for almost a year...  so I've decided to just pay cash for stuff from now on whenever possible.  banks are irresponsible!
"Give me your tired, your hungry, your poor... It's Americans that are tired, hungry, and poor.  so until you take care of that, close the book!" - Edward Norton, American History X

Offline kingfisher1

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never had to go through it with a boat but it's happened a few times where the bank has lost my truck title.  I refinanced my loan and a few weeks later got a letter saying they needed my title, but they had already had it for almost a year...  so I've decided to just pay cash for stuff from now on whenever possible.  banks are irresponsible!

My wife and I just bought a townhome recently, and had to push the closing date back twice because the bank couldn't find the title (bank owned foreclosure prior to us getting it).  Finally I told them to find the title or we would retract our bid and go elsewhere.  Somehow they found the title in 3 hours?   :scratch:

 :banghead:
walleyes, pannies, esox, cats, I don't care, let's go fishing!!

Offline ThunderCAT

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I applied for my duplicate title Friday - they said 6-8 weeks!    :bs:
I applied for a duplicate title for my Jeep at the same time yesterday and they said 2-3 weeks.  :banghead:

Offline sandmannd

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You gots ta love government agencies don't ya? :banghead:
Friends are like buttcheeks..........crap might separate them, but they come together in the end.