Remember how I told you that buying a boat is stressful?
If you could measure stress on a scale of 0-10 with 10 being the highest, I would be at around a 448…….
Part of the process involves a title search. With a boat, the lender searches on the state level, and on the national level via the coast guard.
While doing the title search on our boat-to-be, all cleared on the state level, but the Coast Guard shows a lien on the boat……….from 1985……the year it was made…….for over $40,000.
22 flippin’ years ago. The people we are buying from have only owned it for 2yrs, and the Texas title is clear. Why would the title NOT be clear from 1985?????
I was ranting and raving, trying to figure out how the hell we were going to be able to get a clear title on this damn boat, when Bill remembered a conversation that we had with a broker several months ago…..a conversation he stored in the part of his brain that remembers the names of streets we passed while driving through Sante Fe New Mexico in 1990.
Several months ago, when Bill and I had fallen for this Dehler, the broker said something like “Yeah, this one is a fabulous boat. Clean as a whistle inside and out. Also, it is a 1987, so it was not a part of the big title problems that some of the 1985’s are dealing with. In ’85, a wholesaler bought up millions of dollars in boats, had ’em shipped to the Port of Houston, then never picked them up. The whole lot sat in a marina without a clear title, and some are still out there in title limbo.”
Yes, you guessed it. Ours appears to be one of those lucky boats!!!!!
We feel very special. This kind of crap always happens to us.
I could go on and on about how the lending company, who we are paying to conduct the search and clear the title, had the audacity to ask me if I could make some calls and trace the title back to the original owners. Stunned, I said “Well, didn’t you do a FREAKING TITLE SEARCH? So you should have that information handy, right? I mean, why would we want to go from 2007 back through possibly half a dozen owners, some who might be dead by now, when you HAVE THE NAME OF THE BANK WHO IS HOLDING THE LIEN FROM 1985!!!!”
She also said it could take up to 3 weeks to clear the title.
In the end, the current owner, who was a banker prior to retiring, got the name of the bank from me, found out that it was sold and the name of the acquiring institiution, made some phone calls, spoke to the Vice President of said bank and is hoping to have a clear title tomorrow.
In the meantime, I am trying to find my way back to my happy place. I am listening to 1985 by Bowling for Soup on my Ipod, laughing my ass off at the irony that I downloaded it, at Billy’s suggestion, on Sunday before we left.
Working my way towards the chill.