Touche' is always for sale. Asking $300,000. :) But it is a good idea to be able to definitively show clear title just in case.
No, I couldn't easily find the AOT I got in 1999. Rather than beat myself to death looking for an AOT which was incomplete, I just ordered another one, which then caused me to actually look at it and order the other document. I call it chain tasking....one thing leads to another then another..... Dennis On Sun, Mar 4, 2018 at 9:57 PM, Randy Stafford <randal.staff...@icloud.com> wrote: > 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 > > > >
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