So a few weeks ago I got a letter from the Coast Guard; I was excited thinking it was my documentation transfer coming in BUT, it was a letter saying that there was a problem with transferring the documentation. Apparently they have a record that there was a mortgage on the boat from when it was originally purchased in 1984 but they do not have a record that it was paid off.
I bought the boat off of the original owner (whom is also a family friend) and the boat was paid off sometime in the 90's. He does not still have the letter saying it was paid off, and Hanover Trust who the loan was through no longer exists. I found out Hanover was bought out by JP Morgan/Chase. I called Chase 2 weeks ago and they were very pleasant, I explained the situation, they took all my and the boats info and said they would mail something out to me. I just called them again today and they stated they are still researching the HIN number and loan trying to find the records. They told me to call back in a week to check in.
Has anyone run into something like this before and how did you work it out?
and/or
Does anyone know of another avenue I can take to prove to the Coast Guard that the boat does not have an outstanding lien so I can get it documented?
I bought the boat off of the original owner (whom is also a family friend) and the boat was paid off sometime in the 90's. He does not still have the letter saying it was paid off, and Hanover Trust who the loan was through no longer exists. I found out Hanover was bought out by JP Morgan/Chase. I called Chase 2 weeks ago and they were very pleasant, I explained the situation, they took all my and the boats info and said they would mail something out to me. I just called them again today and they stated they are still researching the HIN number and loan trying to find the records. They told me to call back in a week to check in.
Has anyone run into something like this before and how did you work it out?
and/or
Does anyone know of another avenue I can take to prove to the Coast Guard that the boat does not have an outstanding lien so I can get it documented?