well you are right....kinda...
if you pay me cash for my boat
and try to put it in your name, (assuming I didn't tell you about the registered loan on the boat)
you will not be able to get it in your name without getting me to pay off the loan..good luck
if I default on the loan they will track down the boat and the repo man will drag it away
or you can assume the loan then you can put it in your name
you can take me to court and try to get your money or boat back, but I am going to tell the judge you new you had to assume the balance of the loan on the boat.....it can be messy