yachts repossessed sale

The Worlds Largest Marine Liquidation Company

National Liquidators and National Yacht Sales have handled over 40,000 cases since 1988. Our inventories include bank repossessions, foreclosures, government-seized vessels and a vast inventory of brokerage boats. We maintain an experienced staff at our facilities in Fort Lauderdale, Florida; Newport Beach, California; Cleveland, Ohio; and Annapolis, Maryland.

Current Inventory

Featured listings, live auction vessels.

Find Your Yacht

2014 Regal 30 Express – Stk# 40705

2023 vandutch 56 – stk# 40557, 2015 princess flybridge 60 – stk# 40652, 2016 beneteau grand turismo 40 – stk# 40666, recently listed, 2021 cobalt r8 surf – stk# 40739, 1979 hatteras sportfish 53′ – stk# 40847, 2018 parker 2100 special edition – stk# 40840, 2021 tiara 43ls – stk# 40760, submit an offer.

Vessel Details:

Conditions of Offer:

OFFER PROCEDURES

Offers are accumulated weekly through each Monday at 4:00 PM ET. In the event a particular Monday is a Federal Holiday, the deadline is extended an additional 24 hours. The high offer on a particular vessel is submitted to the Seller for consideration the following business day. The Seller, at its sole option, may accept or reject with or without a counter offer. Responses typically occur within 48 hours, no response constitutes a rejection of theoffer.

Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 1 business day to deposit into National Liquidators escrow account, the greater of 10% of Gross Offer or $1,000.

Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 5 business days to complete any and all conditions listed above in the “Conditions Of Offer”. In any case, any remaining amounts due must be deposited into National Liquidators escrow account, within 5 business days after notification of acceptance of an offer (either verbal or electronic). Successful Bidder’s failure to fund the total offer price within 5 business days after notice of acceptance will result in forfeiture of any deposits. In these instances, the vessel will be placed back into the auction cycle.

After funding the total offer price, Successful Bidder must remove the purchased vessel from National’s storage facility within two business days or make storage arrangements with National. Storage charges will accrue on ALL purchased vessels until each is removed from National’s storage facility. Standard storage rates apply; refer to http://www.yachtauctions.com/services for currentrates.

All vessels are sold AS IS, WHERE IS, with no warranties or representations, express or implied, as to condition or fitness for a particular purpose.

NOTICE REGARDING TITLING OR US COAST GUARD DOCUMENTATION

National Liquidators makes no guarantees, representations or warranties as to title or the ability to document or register the vessel. National Liquidators are acting as a broker only and issues as to title, documentation and registration are between the Buyer and the Seller, owner or lien holder. The required $399.00 administrative fee covers National’s efforts to obtain titling and documentation information from the Seller; it does not include transfer of title or documentation to Buyer. National Liquidators can process transfer of title or documentation to Buyer an additional fee. Buyers that are interested in this service can contact National’s title department for details, including charges. Ohio Law requires National to transfer title (not USCG documentation) directly to Ohio residents only, a $150 fee is charged for this service.

IMPORTANT INFORMATION REGARDING SALES TAX

Purchasers must pay sales tax at the applicable rate in their respective states. Dealers that wish to be treated as tax-exempt are required to provide a state sale tax number, valid marine dealer’s certificate, sign a Resale Certificate or Statement for Exemption of Purchase, and any other required documentation.

METHODS OF PAYMENT

All payments required herein must be in certified funds or bank check drawn on a US bank, wire transfer or cash. Personal checks or credit cards are not acceptable.

Real Estate

Repossessed boats for sale in california.

Search and find boats and yachts in California well below market prices. View the latest used and repo or repossessed boats and yachts for sale by make and model for amazing savings. In some cases, up to 50% or more on the listed price!

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2019 Sanger V215 XTZ

Year:  2019

State:  CA

Price or Balance Due:   GET ACCESS NOW!

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2020 Mako 234cc

Year:  2020

1980 Gibson Gibson 36 Houseboat

Year:  1980

2020 Mastercraft NXT20

2015 Bryant 24 Calandra

Year:  2015

1965 Grand Banks 36 Convertible

Year:  1965

2023 Axis T235

Year:  2023

2019 Yamaha AR190

1951 Ed Monk Tri Cabin Canoe Stern Diesel Motor Y…

Year:  1951

2010 Super Air Nautique 210 TE

Year:  2010

2022 Bayliner vr5

Year:  2022

1994 Skipjack Flybridge 262

Year:  1994

2001 Sea Ray 280 Sundancer

Year:  2001

1975 Islander 34

Year:  1975

2023 Bennington 23LSBSP

2007 Monterey 298SC

Year:  2007

2021 Bayliner Trophy T20 CC

Year:  2021

2020 Axis A24

1983 Bluewater Yachts 47 Vagabond Voyager

Year:  1983

2023 Starcraft EXS-3

2023 Malibu 20 VTX

2023 Malibu 23 MXZ

2023 Chaparral SSi 21 OB Ski & Fish

2023 Malibu M240

2023 Chaparral 21 SSI

Repossessed Boats for Sale and Distressed Yachts – The Eurozone Crisis

17 October 2015

BANK REPOS AND DISTRESSED YACHTS

Allied Yachting develops its repossessed boats and distressed yachts program mainly in Europe and works with various European Banks and other Financial Institutions. For knowledgeable yachtsmen, these are often excellent deals to purchase a yacht .

Since 2008 Europe is submerged in a difficult economical downfall called the “Eurozone Crisis”, which has particularly affected the yachting industry. Our company has been in permanent contact with selected banks, leasing companies, law firms and private corporations or individuals who have become trustees of illiquid assets. These Sellers work with us in order to find the most effective way to sell seized, repossessed and distressed yachts.

Our program is not limited to bank repos, it also presents opportunities from leasing and other financial institutions, private owners urged to sell and boats in stock.

Bank repossessed boats and distressed boats may frequently be neglected and in questionable aesthetic and technical condition. Indeed, when dealing with such inventory, you are generally negotiating with bankers, accountants or lawyers who don’t want to spend more money in the vessel(s) they’ve just seized or reclaimed.

Generally, this type of transaction also presents complex formalities, legal and tax implications which we’re very efficient in solving. In most cases, this is different from private sellers urged to sell or boats in stock, where you have someone who understands yachting in front of you. Normally, this type of purchase is “as-is; where-is”.

We receive quarterly lists of inventory which provide great opportunities to our clients as they’re informed first-hand about emerging deals.

How we Work

Our main objective at Allied Yachting is to benefit the buyer and the seller, seeking always the best deal for both parties, and mostly by assuring a safe transaction and managing all the appropriate paperwork and formalities involved in buying or selling a bank repo or distressed boat.

In short, a comprehensive program for the whole process of purchasing or selling a financially distressed vessel.

The Bidding and Purchasing Process

• Help you identify and locate the yacht of interest.
• Provide you with a preliminary report of the vessel in order to assess if it’s worth your time.
• Objectively help you evaluate the condition of the boat.
• Organize and attend your inspection.
• Advise you on how to submit a bid in writing.
• Await response patiently, indeed this sometimes takes a few days since it often involves a committee decision from the Seller(s).
• If your bid is accepted, a contract is drawn up, including formalities, fiscal and legislative compliance requirements.
• The boat will then be surveyed and sea-trialled by a qualified marine surveyor, as appointed and paid for by the buyer.
• The surveyor(s) will then provide a written appraisal of the boat, engines, drives and other relevant components.
• If the survey report is acceptable, the sale will be completed as per the agreed terms on the sales contract.

While we recommend the use of the Mediterranean Yacht Brokers Association Memorandum of Agreement (MYBA MoA), some institutions may ask their counsel to prepare and submit an alternative contract.

Safeguard of Funds in Escrow (Stakeholders)

Allied Yachting provides an escrow account for clients’ funds and ensures that at closing, as stakeholders, any existing loan or other encumbrances are paid off, as well as the fees of other parties involved in the transaction. This safeguard is of especially critical importance to the buyer and seller and can be a potentially serious hazard in a transaction like this.

Some financial institutions may prefer to use an independent Law Firm or Notary Public as an escrow agent.

Survey & Sea-Trial

The buyer is responsible for the appointment and payment of a qualified marine surveyor to inspect the boat.

A sea-trial, also borne by the buyer, is necessary as the yacht may have been immobilized for a significant period of time. The costs involved in survey and sea-trial are generally the manoeuvres of bringing the yacht ashore and back into the water, fuel, crew and sometimes careening, antifouling and anodes, so the boat performs adequately.

The surveyor’s report will generally be determining whether the sale proceeds or not.

Legal & Tax Advice

Most of this inventory is generally Ex-VAT and Allied Yachting can provide all the necessary tax and legal solutions to acquire this kind of marine inventory.

Many yacht Sellers may also decide to liquidate a marine inventory through boat auctions.

Whilst these auctions are open to the public and retail buyers as well as nautical professionals, they don’t happen very often.

Some auctions occur yearly on the French Riviera in Cannes and Antibes. Other auctions are also held in Italy, Spain and Great Britain.

Even if the nautical sector is picking up in Europe, contact Allied Yachting to have an update on repossessed boats for sales, distressed yachts for sale and the following auctions!

Selected Repossessed Boats for Sale

Magic Yachts Jamadhar 100 Catamaran (2014)

Mangusta 72 Open (2005)

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Headquarters:

34 Rue Caffarelli 06000 Nice, France

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Boulevard de La Croisette – Port Canto 06400 Cannes, France

T.: +33 493 43 82 83 Email: [email protected] Website: www.alliedyachting.com

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NEW REFIT Very Spacious Trawler 2004 58′ Tarquin 58 Trader

Are repo boats for sale worth the money.

You should consider Repo boats for sale if you love being out there in the open sea or any other water body that you could think about.

Repossessed boats for sale  are some of the best choices that you could consider buying. This is due to the fact that they tend to be cheaper and easier to acquire if you compared them to other options like buying from dealers. You can become a r epo boat  owner at a fair price.

What is repossessed yachts?

Repo boats for sale mean repossessed boats for sale. If you ever find a places to buy boats near me marked as a repo, then it means that it was seized by the bank or any other financial lending institution. This usually happens when the owner places the boat as a security to secure loans but then fails to meet the obligation and is in default of the agreement. In such a case, the institution in question is at liberty to take possession of the boat and resell it to recover or reclaim the money.

Repossessed boats for sale also come from government seizure of property. This is like the case where illegal activities such as unlawful brokerage or poaching are concerned. It may be done if a person does not pay their taxes, prompting the IRS to seize the boat. It can also happen if the boat is involved in different smuggling activities.

How to find repossessed boats for sale?

You may be wondering where to find repo boats for sale near me . Don’t worry we are here for your rescue. There are many ways in which you can find and select the best repo boats in the market or according to your specifications. The variety includes repo boats.

Under the repo boat category, many varieties of boats fall and they include sailboats repo boats for sale, fishing repo yachts for sale, repossessed yachts for sale, and even small boats used for fishing.

Some of the most popular ways include boat auctions , in person, or online. You may consider checking out if there are any yacht repo auctions taking place in your area. This is one of the best ways to find priced boats that meet your fancy. You can also find a wide variety online.

It is important to know exactly what you are looking for before you start looking for what to buy. When you have an idea of the kind of boat you want, then it means you will find a selection faster and you can work within a budget.

You can find a wide variety of repo boats that can fit almost all needs and budgets. Usually, repossessed boats for sale are in perfect working condition. You should not settle for the first boat that you see. Carry out adequate research just to be sure.

Tips to consider when choosing repo boats for sale

You need to always remember that repo boats near me deal usually go quickly. Even though you will find a wide selection in the market, they usually do not take long before they find a new owner. People usually stay alert for listings especially because of the lower price.

In addition, the banks and other financial institutions are determined to make a recovery of their money. Their main aim is not to make a profit, but rather, to regain the loan amount that is in default.

When a boat is marked as a repo option, then you realize that it usually captures the attention of very many people. In this case, it could be possible to negotiate prices.

You also have to consider the condition, the year, the model, and the price of the repo boats before committing to buy.

Condition of the Repossessed Boats for Sale

It is important to determine the kind of condition the boat you intend to buy is in. There are some that could be in a bad condition and one may have to do quite a bit of work to get them repaired. You should be keen on the interior and exterior damage as well. This is because there are people who neglect the boats just because they are at a high risk of repossession.

You save a lot of money with repo boats and they are worth your while even if you will need to get a few repairs done. Read all ten details pertaining to the repossessed boats for sale within the site and ensure that everything is available. A straightforward seller will tell you if there is something wrong with the boat so that you can get it fixed.

The quality of the Repossessed boats for sale

By buying a repo boat, it does not mean that you are compromising the quality at all. There are cases where a person has issues with such repo boats, but you should note that even new boats could have issues.

You must have searched very hard for answers to questions like “repo boats for sale near me”, didn’t you? But here’s a stop to your search !! The best-repossessed boats for sale (USA and USVI) are now available at the best prices.

One of the best places to get you repossession boats for sale is Harbor Shoppers. We have a wide variety of repo boats including yacht repo for you to select from and a team of committed individuals to assist you to find exactly what you are looking for.

Explore our other popular boat categories such as high performance boats for sale , old boats for sale , salvage boats for sale , pleasure boats for sale , little boats for sale , refurbished yachts for sale , used power boats for sale , commercial boats for sale , used houseboats for sale , motor monohulls , electric boats for sale , small cheap boats for sale , Deep V boats for sale , used sailboats for sale , recreational boats for sale , saltwater fishing boats for sale , cheap luxury yachts , ferry boat for sale , inflatable boats for sale , used fishing boats for sale , cruiser boats for sale , center console boats for sale , catamarans for sale , etc

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