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Ask A maritime Attorney: Can I buy an undocumented, unfinished sailboat with no title, registration, or hull identification number, and will I be able to document it with the Coast Guard once I complete construction?

Summary by thelog.com
Question: I am considering buying a 39-foot sailing yacht that was built from a kit on a vacant lot.  The boat was never completed or put in the water, and it has been stored on private property since the death of the owner five years ago.  The property was recently sold, and the new owners of the property would like to get rid of the boat.  Unfortunately, no title paperwork appears to exist for the boat.  I don’t think it has ever been document…
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thelog.com broke the news in on Thursday, February 13, 2025.
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