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Best way to sell a boat with a lien #14068225 07/20/21 09:33 PM
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LUguy08 Offline OP
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Can someone give me direction on how to sell my boat that has a lien? I want the buyer to feel protected and assure them they are receiving title upon lien payoff.

Re: Best way to sell a boat with a lien [Re: LUguy08] #14069710 07/22/21 05:52 AM
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bdog1234 Offline
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I bought a motorcycle once that had a lien on it. I met the seller at his bank and we did the transaction there at his bankers desk. I paid him, he paid off the loan, the banker released the title and handed it to me.

Re: Best way to sell a boat with a lien [Re: LUguy08] #14072604 07/25/21 02:51 AM
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BigDozer66 Offline
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We bought our boat from a guy near Austin.

It was financed at his Credit Union so we got our Credit Union to contact his and they did all the work.

Our CU gave us a check for $22K and we drove down on a Saturday morning and meet him at his CU.

His CU took our check, paid it off, and credited his account the rest of the money and sent the Lien Papers to our CU.

We hooked on to the boat and headed home. cheers


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Re: Best way to sell a boat with a lien [Re: LUguy08] #14074724 07/27/21 02:58 PM
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BurnCustomBaits Offline
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Give Dustin at Reclending.com a call he can answer all your questions. 517-543-6921

Re: Best way to sell a boat with a lien [Re: LUguy08] #14298490 02/26/22 10:21 PM
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z289sec Offline
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I sold my pontoon to a guy in Minnesota. It was financed through Tinker Federal Credit Union in Oklahoma. I met him in Oklahoma, he brought a bank draft. I drove over and paid the boat off, collected my cash over my balance and drove back home. It was simple. he knew the title would be a couple weeks getting to me, I gave him a bill of sale with all the dollar amounts, serial numbers, registration numbers....etc. With the agreement i would send the title as soon as I got them. I mailed the titles off Saturday to him.

Last edited by z289sec; 02/26/22 10:23 PM.
Re: Best way to sell a boat with a lien [Re: z289sec] #14298801 02/27/22 03:03 AM
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Jimfishes Offline
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This post was dated July 2021, so hopefully the guy already sold it by now.

Re: Best way to sell a boat with a lien [Re: Jimfishes] #14299317 02/27/22 06:03 PM
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z289sec Offline
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Me too, but adding experiences, even on an older post, may help someone out, in the future.

Re: Best way to sell a boat with a lien [Re: LUguy08] #14354231 04/27/22 11:05 PM
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Coolarrow Online Content
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I just bought a boat with a Lien through my bank. My neighbor had a boat financed through Yamaha. So he did not have the titles. We agreed on a price, I got pre approved for the loan, we drew up a bill of sale, he called Yamaha and got a payoff, the bank drew up the paper work and we signed everything. The bank paid off the Yamaha loan and the owner signed the title release forms. When the titles came we finished our signing and did the TPWD paperwork and the trailer licenses paperwork. Easy.

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