- How to make sure no one has a lien on the boat?
Is the lien written on the title of the boat?
Many of your questions will be answered he
http://www.state.nj.us/mvc/cit_title/v_title_liens.html
Thanks for the link to rules related to lien in New Jersey. I
appreciate that. But I am wondering if this is really how people deal
with the issue of lien.
The instruction asks us to mail the request of searching for lien on a
title with copies of various documents and wait for result. This seems
to involve quit a lengthy process. Does this mean that we will do one
of the following:
1. Put a small deposit to the seller to hold on with
the boat for two weeks; meanwhile, send a request to
DMV to search for lien on the boat. If the title is
clean, I can pay in full and get the boat.
2. Buy the boat without checking the lien, and research
on the title later.
Which way do people really use to check lien?
Will a boat seller be willing to wait two weeks for the title to be
cleared?
Thanks.
Jay Chan