Closing Services
Alaska Boat & Marine will do the paperwork for you!
We offer our expertise to help your sale close smoothly and efficiently
in conjunction with or without the documentation of your vessel. We also work with boat sales between others outside of our brokerage.
Closing Services fees*
Closing Services, not including filing fees, are complimentary for clients
whose boat was purchased through Alaska Boat & Marine LLC brokerage
services. For others, fees are as follows:
| Lien search |
$165 |
| Preparation of Bill of Sale |
$150 |
| Preparation of Application for Alaska state registration |
$75 |
| Preparation of Closing Statement to seller and buyer |
$100 |
| Loan payoff(s) 1/2 of 1% of the amount of the loan |
($75min/ .005 x loan) |
| Trust Fund Account: Same as loan payoffs, above |
($75min/ .005 x loan) |
| Ancillary & other services |
$100/hour |
* Rates subject to change without notice
Preferred Mortgage
We provide all of the necessary services to record a preferred mortgage on a documented vessel. This package includes: Coast Guard abstract of title, preparation of the mortgage, all necessary signatures.
Satisfaction of Mortgage
This package includes all the necessary services to prepare and file a satisfaction of mortgage with the U.S. Coast Guard.
Lien Clearance
We assist clients in obtaining payoff quotations, arrange the payoff, and obtain all necessary lien holder releases.
Trust Fund Account
Acting as a third party, we will hold funds in our Trust Account for
buyers as assurance for sellers until released by the buyer at the close
the sale.
|
