texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
TraeMartin, Power-Pole CS, T-Rigger, JoeGoes, EcKo
119150 Registered Users
Top Posters(All Time)
hopalong 120,565
TexDawg 119,511
Bigbob_FTW 94,879
John175☮ 85,892
Pilothawk 83,259
Bob Davis 81,478
Mark Perry 72,280
Derek 🐝 68,311
JDavis7873 67,416
Forum Statistics
Forums59
Topics1,037,806
Posts13,934,776
Members144,150
Most Online39,925
Dec 30th, 2023
Print Thread
Best way to sell a boat with a lien #14068225 07/20/21 09:33 PM
Joined: Nov 2009
Posts: 302
L
LUguy08 Offline OP
Angler
OP Offline
Angler
L
Joined: Nov 2009
Posts: 302
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
Joined: May 2008
Posts: 61
B
bdog1234 Offline
Outdoorsman
Offline
Outdoorsman
B
Joined: May 2008
Posts: 61
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
Joined: Mar 2012
Posts: 11,008
BigDozer66 Offline
TFF Guru
Offline
TFF Guru
Joined: Mar 2012
Posts: 11,008
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


2016 Ranger RT188 Charcoal Metallic Dual Console
2017 Yamaha 115 VMAX SHO (VF115LA) SS Prop
Minn Kota Ultrex i-Pilot Link 45" 80 lb.
Humminbird Helix 10 Mega SI BalZout Console
Humminbird Helix 10 Mega SI BBT Bow Mount
Trick Step

[Linked Image]
Re: Best way to sell a boat with a lien [Re: LUguy08] #14074724 07/27/21 02:58 PM
Joined: Mar 2021
Posts: 3
B
BurnCustomBaits Offline
Green Horn
Offline
Green Horn
B
Joined: Mar 2021
Posts: 3
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
Joined: Aug 2020
Posts: 952
Z
z289sec Offline
Pro Angler
Offline
Pro Angler
Z
Joined: Aug 2020
Posts: 952
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
Joined: Jun 2011
Posts: 2,226
J
Jimfishes Offline
Extreme Angler
Offline
Extreme Angler
J
Joined: Jun 2011
Posts: 2,226
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
Joined: Aug 2020
Posts: 952
Z
z289sec Offline
Pro Angler
Offline
Pro Angler
Z
Joined: Aug 2020
Posts: 952
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
Joined: Sep 2003
Posts: 1,889
C
Coolarrow Offline
Extreme Angler
Offline
Extreme Angler
C
Joined: Sep 2003
Posts: 1,889
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.

Re: Best way to sell a boat with a lien [Re: LUguy08] #14506542 10/16/22 06:44 AM
Joined: Aug 2022
Posts: 18
V
Vx RangR 198 Offline
Green Horn
Offline
Green Horn
V
Joined: Aug 2022
Posts: 18
i know every situation is different but for the ones who received their title in mail, about how long did it take? i paid off a lien , the credit union told me 2-3 weeks in mail. It has now been 31 business days. i would think thats plenty of time right, but if i read correctly in state of texas, they are allowed 30 business days before mailing. any correct info is appreciated thank you

Previous Thread
Index
Next Thread

© 1998-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3