Shiver
Well-Known Member
- Messages
- 50
- Reaction score
- 18
- Points
- 47
- Boat Make
- Yamaha
- Year
- 2008
- Boat Model
- AR
- Boat Length
- 21
Ask the Broker the name of the Business that is on the title. Search for the Business here (assuming you are dealing with NC-based still):
https://www.sosnc.gov/search/index/corp
This will give you the Officers of the Businessthat is named on the Title. Make sure you are dealing with an Officer of the business, if you are buying assets from a company. The Bill of Sale should include some language to protect you should a clear title not be able to be conveyed:
“If Broker is unable to convey title to the Property for any reason, Buyer’s remedy is the return of any consideration delivered to Broker. Reasons of such inability to convey include, but are not limited to if the validity of the sale is challenged by any party.”
Sorry to go all paranoid on this but, it’s many orders of magnitude safer for you if the Seller has a clean Title in hand and it is in the name of the individual selling the property.
I used to be a Nigerian Prince and my money is tied up in an off-shore account. If you provide me your Bank account number I can help you in this transaction ;-)
Off the hook yacht and boat sales in Wilmington is the name. He said the is in their name. Seems like a good deal but not sure if the title issue would be a problem.