Legal Question in Consumer Law in California

I have my name on the title and a bank loan of a wakeboard boat, that i/we purchased a few years ago with a ex-boyfriend. I no longer have a relationship with this ex. He has always made the payments on the boat, but everything is in my name. We do not live in the same state anymore and I do not want to be liable. His credit is bad, so I do not think he could re-finance to put his name on the boat.

What are my options?

thanks,


Asked on 4/28/11, 9:43 am

1 Answer from Attorneys

The only legally safe thing you can do is offer to let him buy it, and if he won't or can't, then take posession of the boat and sell it. This presumes you mean ONLY you are on title when you say "everything is in my name." If it is joint, there is realistically nothing you can do if he can't or won't buy you out. There is a legal proceeding you can file to force a sale, but it would cost far more than is at stake with a partially paid loan on a used speedboat.

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Answered on 4/28/11, 12:35 pm


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