I've done it a couple of times and got really good deals both times. If you have no way of finding out who the owner is why is it wrong to buy stolen boats? I got a really sweet deal on a Jefe Grande that way. It was like almost brand new and the guy didn't really know what he had and I got it for 300.00 dollars. He seemed pleased and I was too. It only took a little bit of work to get some numbers off the boat and remove some stickers that might have made it recognizable to the original owner. But I didn't steal it right?