This doesn’t mean you’re thinking about selling Touche, does it? Say it ain’t so.
Cheers, Randy > On Mar 4, 2018, at 8:28 PM, Dennis C. via CnC-List <cnc-list@cnc-list.com> > wrote: > > I'd gotten an abstract of title from the Vessel Documentation Center years > ago when I bought Touche'. Got to thinking it might be a good idea to order > a new one which shows me as the current owner and to make sure the very old > lien on the boat from the previous owner had indeed been recorded as > satisfied. > > The previous owner had failed to send the satisfaction of mortgage to the VDC > to have it recorded. Hence it was still shown as outstanding when I bought > the boat. Took 3 months to get it straightened out. The PO didn't want to > send the signed satisfaction to the VDC. VDC now accepts copies. > > Easy process. All done online. > > Anyway, the new AOT does show the lien satisfaction recorded but the > chronological order is interesting. In one transaction, it shows the > previous owner as the grantor and me as the grantee. 3 months later it shows > the lien satisfaction with the bank as grantor and the previous owner as > grantee. > > To an inexperienced owner, it might look like the previous owner still owned > the boat since he was, chronologically, the last grantee. I called the VDC > and a very nice lady said that it wasn't unusual at all. Often the proceeds > of a sale are used to pay off a lien and the satisfaction doesn't get to the > VDC until well after the bill of sale. > > She explained to me how to read the info on the AOT. If you have an AOT, and > choose to drag it out and look at it, you'll see a line with the following > column headings: > > Instrument % Conveyed Date Amount Book Page. > > Instrument can be BS (bill of sale), SMTG (mortgage), etc. > % Conveyed is usually 100% but could be partial ownership > Date is when VDC recorded it > Amount = $$$ > Book and Page are where in the archives the document is actually resident, be > it electronic or hard copy. > > Since I've lost contact with the previous owner I wanted a copy of the > satisfaction for my records. The lady told me to request it via the VDC > website email pursuant to the Freedom of Information Act. She said to > reference the vessel documentation number, the book and the page. There is a > $4 fee. > > So there you know more about vessel documentation than you probably ever > wanted to know. > > Dennis C. > Touche' 35-1 #83 > Mandeville, LA > _______________________________________________ > > 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 > _______________________________________________ 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
