Boat a boat on impulse.... NEED HELP!

[Matt G]

I may have screwed up and need some advice! I bought a Hydra Sport Fish and Ski on impulse yesterday from my wife's cousin. (Stupid move, I know) He divested his interest in the family camp a few months back and lives in Austin, so he no longer has a need for the boat. Jokingly, I threw a low offer out there and he accepted it. Now we have another boat, the wife and kids are excited, life is..... good?

Now the problem: He is the second owner of the boat. When he purchased the boat from the original owner in 2011, they signed a bill of sale on the boat and motor, and the original owner signed over the title to the trailer. HOWEVER, nothing was ever notarized and her cousin never registered any of it in his name. I have all the paperwork and no clue what to do. Is there anyway to get everything registered under my name, or did i just royally screw up?