Originally Posted by Russ
Unclear to me what the actual advantage is of using a service such a Gloria Rector at $50 + the $26 USCG fee to keep your documentation current
I appreciate that IF the documentation expires it is a huge and expensive redo. But now a days what risk is there really. Doesn't the USCG send out a notification to renew??? And you can renew on line. What's the actual service these folks offer, what am I actually paying for??? I have asked and searched but am still wondering the cost benefit value.
Russ In VT waiting to migrate South for the winter. Less than 40 degrees and I'm gone!
We used a documentation service during our purchase
. They identified a bank lien that we, the broker or the owner didn't.
It was an expired lien that wasn't removed by an acquired bank 15 years ago.
They allowed us to put half the purchase price
in escrow until the seller had the lien removed. This saved us a lot of hassle and potential issues with USCG deregestration and reregistration in Australia
Not sure if you need it for a renewal though.
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