Ask A Maritime Attorney: What are the legal obligations of the seller, buyer, and broker in resolving a disputed lien on a yacht's title that surfaces before closing, and what steps can the broker take to facilitate the sale?

Question: I am a yacht broker in California, and a problem with a yacht’s title surfaced just before the close of a sale. The abstract of title reflected a $5,000.00 unsatisfied claim of lien. The seller claims that the lien was asserted in bad faith by a mechanic who worked on...

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Ask A Maritime Attorney: What are the legal obligations of the seller, buyer, and broker in resolving a disputed lien on a yacht’s title that surfaces before closing, and what steps can the broker take to facilitate the sale?

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