Legal Question in Credit and Debt Law in Florida

We had a boat with a lien on it with Bank of America, the lender said that this title was not able to be transferred with that lien in place. The Boat yard said they auctioned off the boat to satisfy a outstanding bill now the boat is in someone else possession..Is that possible to have the lien wiped out with the lender and the boat transferred to someone else while we are still have the full liability to the bank for the full amount?


Asked on 10/28/09, 9:49 am

1 Answer from Attorneys
Lucreita Becude Lucreita D. Becude, P.A.

yes. The bank should also notify you of any deficieny judgment. If not you may have a case against them. Speak with an attorney in your area.

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Answered on 11/02/09, 11:18 am


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