Tim in California.
I want to buy a used boat that from a person involved in a divorce. He claims that it is his owner outright and title is in his name only and that this boat is not subject to any community property agreement, as a result, he has title and can sell to me without permission from spouse.
I would plan to perform transfer at DMV window and pay seller simultaneously as title is successfully transferred into my name.
Question: If it later turns out that boat is subject to community property and/or prior judge's decision, can my ownership be reversed or subsequent lien be placed on boat even after I am new DMV registered owner of record ?
FYI..Boat sale price is 10K with arguable peak resale value of 10-19 K.
I want to buy a used boat that from a person involved in a divorce. He claims that it is his owner outright and title is in his name only and that this boat is not subject to any community property agreement, as a result, he has title and can sell to me without permission from spouse.
I would plan to perform transfer at DMV window and pay seller simultaneously as title is successfully transferred into my name.
Question: If it later turns out that boat is subject to community property and/or prior judge's decision, can my ownership be reversed or subsequent lien be placed on boat even after I am new DMV registered owner of record ?
FYI..Boat sale price is 10K with arguable peak resale value of 10-19 K.