Originally Posted by benschleifer
I am in Florida and trying to purchase
an Italian boat that was imported to the states a year ago. its a SV from 1983. the boat is listed by broker and we are under a contract
, actually today was closing day but we didn't close because we have a problem....
Talking to the boat home port in Italy
I discovered that the boat has 4 owners and not one owner, as I been told.
In 2002 this guy (suppose to be the only owner) didn't verify that there wasn't a deletion of the previous owners and probably in the official records he joined the previous 3 . now we need all the 4 of them to agree for the sale
but some of them are not alive anymore...and.... bla bla bla....
the way that I see it I have three possible options :
1) to pay a company in Italy
that will organize everything- transfer of the ownership
and I can keep the boat under Italian flag- they want 2000-2500 E !!! and I don't have this money to spend on this, and they still need the 4 owners (or power of attorney) to be present.
2) Another option is to forget about Italy and to make a new registration
in the states. with the papers I have I know its possible, but then I am not sure if I will have any problems in the future ... I am planning to go around the world with the boat... basically the boat will be register in two places, in the Italian records the owners will be all the 4 of them but in the states it will be only me.
3) to walk away - which I really don't want, I love the boat and already spent a lot of money on her (survey, accommodation and some repairs)
BTW I am not planning to have any insurance
but maybe the next owner will.
I already spoke with many documentation
agencies and except the one in Italy no one else knows what to do.
So... what you think I should do?? any advises??
Thank you very much for Reading!
Ben! Take this to your broker to discuss with him this information. With what we talked about. He will know what to do.
How to Obtain a Boat Salvage Title
Ben. There is a number of circumstances in which you may need to obtain a salvage
title for a boat. Sunken boats that are reclaimed, abandoned boats that are found on your property and damaged boats
that are bought for scrap are all examples of salvaged boats. Often, these boats do not have an existing title, so a salvage title is issued
to show ownership
of the vessel. Knowing how to obtain a salvage title is important for anyone who deals in inoperable boats.
Next take the existing boat title, if present, to the clerk of courts. The clerk will cancel the title, ruling it useless in terms of selling the boat as an operable vehicle. Skip this step if no title is present.
Determine which government
department controls boat title matters in your state. It is often the Department of Motor
Vehicles, but in some states it is the Department of Revenue. In some states, such as Texas
, boat registration falls under the authority of the state wildlife office. Go to the relevant location to apply for the boat salvage title.
Here is a customizable “Bill of Sale
Form.” With - “Easy Step-by-Step Document Creation”.
Take a number and wait your turn. When your number is called, explain to the clerk that you have an inoperable boat and need to obtain a salvage title. You will be asked to complete a form.
Complete the form. You will need your personal information, such as your name, address and your date of birth. You will also need information about the boat, such as its type, its length and color. If there are any serial
numbers or other markings on the boat, you must also submit that information.
Return the form to the clerk. If you have a canceled title, hand in the canceled title with the form. Likewise, if you purchased the boat as scrap, surrender a copy of the bill of sale as well. You will be asked to provide a valid driver's license
or another other form of photo
ID to verify your identity. This is usually another government-issued ID. The clerk will input the necessary information, then will submit the application for a boat salvage title.
Pay the title fee, and then wait for the title to arrive by mail. The amount will vary from state to state. It may even vary from county to county within the same state. After the information is submitted and the fee has been paid, the title will arrive by mail in four to six weeks.
Hope this will tweak his brain.. Good Luck.. and let us know what's been done!.. Best Regards, Richard
PS. Of course the process may be different from state to state. However, your broker will know what to do..