Paul Had a similar case. State titled boat with a loan. Boat was then documented. I (on behalf of a bankruptcy trustee) was able to avoid the bank lien because there was no Preferred Ship's Mortgage recorded when the boat was documented.
Joel <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> Virus-free. www.avg.com <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> On Thu, Feb 8, 2018 at 8:50 AM, Dreuge via CnC-List <cnc-list@cnc-list.com> wrote: > Hi, > > I have both a state title and USCG certificate of documentation. This is > only because I registered the vessel with the state first, but if I > documented first, I would not have a state title. > > Let’s say I foolishly sign over my state title to one person while at the > same time I sign over my USCG CoD to another person. Who has legal rights > to take the vessel. I’m guessing the one with federal documentation, but > I’m also thinking that the one who pays the state registration and taxes > first may have an edge, at least with local authorities, at getting > possession (which as the saying goes is 9/10 of the law). > > > - > Paul E. > 1981 C&C 38 Landfall > S/V Johanna Rose > Fort Walton Beach, FL > > http://svjohannarose.blogspot.com/ > > > _______________________________________________ > > Thanks everyone for supporting this list with your contributions. Each > and every one is greatly appreciated. If you want to support the list - > use PayPal to send contribution -- https://www.paypal.me/stumurray > > > -- Joel 301 541 8551
_______________________________________________ Thanks everyone for supporting this list with your contributions. Each and every one is greatly appreciated. If you want to support the list - use PayPal to send contribution -- https://www.paypal.me/stumurray
