Online Live Auction – 2012 Sunseeker 112′

2008 sea ray 330 sundancer – stk#40475, 2013 mako 18lts – stk#40341, 2019 regal 28 express – stk#40437, 2006 rinker 342 fiesta vee – stk# 40560, 2006 ocean yachts 57 enclosed bridge – stk#40534, 2014 sunseeker 68 predator – 40079, 2014 mastercraft x55 – stk# 40504, 2018 sunseeker manhattan 52 – stk#40540, united states marshals sale – 2016 scout 420 lxf – stk#39988, united states marshals sale – 2003 westport 130′ (40m) – stk#39987, 2020 contender 25 tournament – stk#40480, 2020 nautique g21 super air – stk#40356, 2001 sea ray 460 sundancer – stk# 39321, 2006 sea ray 290 amberjack – stk#40523, 2009 formula 270 bowrider – stk# 40375, 2003 black thunder 460ec – stk# 40454, 2011 sea ray 540 sundancer – stk#40522.

ViewTitlePriceStock NumberView Listing
Online Live Auction – 2012 Sunseeker 112′$4,250,000.00#40509
2008 Sea Ray 330 Sundancer – Stk#40475$68,900.00#40475
2013 Mako 18LTS – Stk#40341$14,200.00#40341
2019 Regal 28 Express – Stk#40437$42,500.00#40437
2006 Rinker 342 Fiesta Vee – Stk# 40560$87,900.00#40560
2006 Ocean Yachts 57 Enclosed Bridge – Stk#40534$499,000.00#40534
2014 Sunseeker 68 Predator – 40079$1,449,000.00#40079
2014 Mastercraft X55 – Stk# 40504$62,500.00#40504
2018 Sunseeker Manhattan 52 – Stk#40540$1,100,000.00#40540
United States Marshals Sale – 2016 Scout 420 LXF – Stk#39988$0.00#39988
United States Marshals Sale – 2003 Westport 130′ (40M) – Stk#39987$0.00#39987
2020 Contender 25 Tournament – Stk#40480$87,500.00#40480
2020 Nautique G21 Super Air – Stk#40356$89,900.00#40356
2001 Sea Ray 460 Sundancer – Stk# 39321$239,900.00#39321
2006 Sea Ray 290 Amberjack – Stk#40523$74,900.00#40523
2009 Formula 270 Bowrider – Stk# 40375$35,000.00#40375
2003 Black Thunder 460EC – Stk# 40454$140,000.00#40454
2011 Sea Ray 540 Sundancer – Stk#40522$625,000.00#40522
2006 Bayliner 325 SBCruiser Series – Stk# 40241$39,900.00#40241
2004 Viking 52 CNV – Stk# 40441$349,000.00#40441
2007 Formula 280 BR – Stk# 40445$25,500.00#40444
United States Marshals Service Sale – 2022 Schaefer 400 Sport – Stk# 39984$336,000.00#39984
2008 Sea Ray 480 Sundancer – Stk# 40467$174,900.00#40467
1978 Hatteras 37 Convertible – Stk# 40499$95,000.00#40498
2006 Island Pilot 395 – Stk#40481$189,900.00#40481
2019 Clearwater 2508 Center Console – Stk#40466$89,000.00#40466
1989 Tiara 3100 Open – Stk#40340$44,900.00#40340
2004 Rinker 410 Fiesta Vee – Stk#40482$95,500.00#40482
2011 Manitou 25 Encore – Stk# 39703$29,900.00#39703
2019 Galeon 510 Sky – Stk# 40385$799,000.00#40385
2001 Larson 290 – Stk# 40431$28,500.00#40431
2020 Nautic Star 28XS Offshore – Stk# 40328$110,000.00#40328
2012 Sea Ray 260 SunDeck – Stk#40422$0.00#40422
2019 Everglades 365 CC – Stk#40421$0.00#40241
2023 Century 2600 CC – Stk# 40419$0.00#40419
2023 Century 2400 CC -Stk#40418$0.00#40418
2001 Hunter 460 – Stk#40077$89,990.00#40077
2013 Yamaha AR 210 – Stk# 40227$25,500.00#40227
2015 Sea Ray 450 Sundancer – Stk# 40360$330,900.00#40360
2015 Formula 350 CBR – STK# 40371$210,000.00#40371
2018 Charger 210 Elite – Stk# 40367$47,500.00#40367
2004 Formula 37 PC – Stk#40359$149,900.00#40359
1990 Bayliner 3288 Motor Yacht – Stk#39966$22,590.00#39966
1988 Silverton Aft Cabin – Stk# 40323$10,000.00#40323
2022 Tige ZX 25 – Stk# 40177$169,900.00#40177
1977 Ta Chiao CT41 – Stk#40185$25,000.00#40185
2014 Ocean Alexander 78 Motor Yacht – Stk# 40258$3,350,000.00#40258
2014 Chris Craft 32 Launch – Stk#40295$149,900.00#40294
2001 Sea Ray 290 Amberjack – Stk# 40274$37,900.00#40274
2021 NauticStar 223DC – Stk# 40237$39,900.00#40237
2021 NauticStar 2302 Legacy- Stk# 40236$59,900.00#40236
2000 Sea Ray 410 Sundancer – Stk#40191$132,900.00#40191
2012 Sea Ray 500 Sundancer – Stk#40045$290,500.00#40045
1998 Sea Ray 450 Sundancer – Stk#40068$160,000.00#40068
2005 Four Winns 268 Vista – Stk#40067$44,900.00#40067
1990 Baron 43 Express – Stk#40063$69,900.00#40063
1974 Stephens 68 Motor Yacht – Stk#40061$349,500.00#40061
2008 Marquis 40 SC – Stk#40059$289,000.00#40059
1981 C&C 32 Sailboat – Stk#39565$10,900.00#39565
2006 Maxum 3100 SE – Stk#40035$56,000.00#40035
2018 Prestige 680 – Stk#40046$1,840,000.00#40046
2017 Yamaha 242 Limited S – Stk#40027$64,900.00#40027
1995 Sunseeker Apache 45 – Stk#40021$73,900.00#40024
1994 Cobalt 252 – Stk#40011$14,900.00#40011
1990 Sea Ray 270 DA – Stk#40001$24,900.00#40001
1977 CHB 34 Double Cabin – Stk#39998$52,500.00#39998
2002 Seahorse 34 Pilothouse – Stk#39982$89,900.00#39982
1990 Viking 45 Convertible – Stk#39960$145,000.00#39959
2003 Sea Ray 260 Sundancer – Stk#39945$39,900.00#39945
1994 Sea Ray 440 Sundancer – Stk#39958$95,000.00#39958
2011 Bayliner 335 Cruiser – Stk#39953$29,900.00#39953
2006 Cruisers Yachts 340 Express – Stk#39954$109,900.00#39954
2005 Bayliner 2858 Ciera Command Bridge – Stk#39955$42,900.00#39955
1965 Burger 78′ Cockpit Flybridge Motor Yacht – Stk#39858$495,000.00#39858
2007 Maxum 2600 SE – Stk#39944$49,900.00#39944
1970 Custom 65′ Dive Boat – Stk#39184$99,000.00#39184
2016 Chaparral 224 Sunesta – Stk#39483$51,900.00#39483
2014 Scarab 215 HO – Stk#39415$47,900.00#39415
2004 Chaparral 265 SSI – Stk#39391$49,900.00#39391
1997 Wellcraft 2800 Martinique – Stk#39773$4,900.00#39773

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.

  • salvage boats

Salvage Boats for Sale - Bid Online

2006 SEA RAY SEA RAY SUNDANCER photo

2006 SEA RAY SEA RAY SUNDANCER

  • Odometer 0 mi
  • Damage REAR
  • Title Type MS BILL OF SALE
  • Sale Date 07/19/2024
  • Location MOSS POINT , MS

1993 CELEBRITY OTHER photo

1993 CELEBRITY OTHER

  • Damage HAIL
  • Title Type KS BILL OF SALE
  • Location PARK CITY , KS

2005 FOUR WINNS OTHER photo

2005 FOUR WINNS OTHER

  • Title Type TX ORIGINAL
  • Location ROSHARON , TX

1987 COBALT OTHER photo

1987 COBALT OTHER

  • Damage UNDERCARRIAGE

2023 KAWASAKI OTHER photo

2023 KAWASAKI OTHER

  • Damage FLOOD
  • Title Type CA BILL OF SALE SELL ON JUNK BOS / SC #2988989
  • Location MCCARRAN , NV

2004 YAMAHA JETBOAT photo

2004 YAMAHA JETBOAT

  • Damage none
  • Title Type TN BILL OF SALE
  • Sale Date 07/22/2024
  • Location CHATTANOOGA , TN

2015 CARAVELLE N/A photo

2015 CARAVELLE N/A

  • Odometer 1 mi
  • Location Chattanooga , TN

2017 POLARKRAFT POLARKRAFT TX 195 PR photo

2017 POLARKRAFT POLARKRAFT TX 195 PR

  • Title Type OH ORIGINAL
  • Location NEW PHILADELPHIA , OH

2000 STRATOS 20SS EXT photo

2000 STRATOS 20SS EXT

  • Title Type NC CERTIFICATE OF VESSEL BOAT HAS NC SALVAGE WITH SALVAGE REBUILT BRAND
  • Location CONCORD , NC

2005 GLACIER BAY CATAMARAN photo

2005 GLACIER BAY CATAMARAN

  • Title Type FL VESSEL FLOOD
  • Location ST PETERSBURG , FL

2001 RED FIN RED FIN CENTER CONSO photo

2001 RED FIN RED FIN CENTER CONSO

  • Damage LEFT SIDE
  • Title Type TX SALVAGE TITLE
  • Location SAN ANTONIO , TX

2002 CHAPPARAL OTHER photo

2002 CHAPPARAL OTHER

  • Damage RIGHT FRONT
  • Title Type MO WATERCRAFT VEHICLE BEING SOLD WITH TITLE PENDING - TBO
  • Location SPRINGFIELD , MO

1989 MASTER CRAFT ESPIRIT 168 photo

1989 MASTER CRAFT ESPIRIT 168

  • Title Type IA REGULAR CERTIFICATE
  • Location DAVENPORT , IA

2000 THUNDER JET OTHER photo

2000 THUNDER JET OTHER

  • Damage RIGHT SIDE
  • Title Type OR CLEAR
  • Location EUGENE , OR

2007 BENNINGTON 205 E TRI-TOON PONTOON BOAT photo

2007 BENNINGTON 205 E TRI-TOON PONTOON BOAT

  • Damage STORM DAMAGE
  • Title Type OH ORIGINAL MOTOR TITLE #4503363233
  • Sale Date 07/23/2024
  • Location DAYTON , OH

2023 CUSTOM CLARKSOUND 24 photo

2023 CUSTOM CLARKSOUND 24

  • Damage MECHANICAL
  • Title Type SC CLEAR VEHICLE BEING SOLD WITH TITLE PENDING - TBO
  • Location JACKSONVILLE , FL

2020 YAMAHA OTHER

  • Title Type NY GARAGEMANS LIEN AFFIRMATION BILL OF SALE PARTS ONLY
  • Location MEDFORD , NY

1984 SILVERTON OTHER photo

1984 SILVERTON OTHER

  • Damage SALT WATER
  • Title Type NY BILL OF SALE

2018 YAMAHA GP1800TA WAVERUNNER photo

2018 YAMAHA GP1800TA WAVERUNNER

2023 SAXDOR 320 GTO photo

2023 SAXDOR 320 GTO

  • Title Type FL VESSEL
  • Location CLEWISTON , FL

1992 PRO-LINE OTHER photo

1992 PRO-LINE OTHER

1987 MONTEGO 3257DC photo

1987 MONTEGO 3257DC

  • Damage FRESH WATER
  • Title Type IN CLEAR
  • Location SOUTH BEND , IN

2023 PONTOON OTHER photo

2023 PONTOON OTHER

1990 PRO-LINE OTHER photo

1990 PRO-LINE OTHER

  • Title Type FL VESSEL HULL DAMAGE

2002 NITRO OTHER photo

2002 NITRO OTHER

  • Title Type FL VESSEL FLOOD DAMAGE
  • Location NORTH FORT MYERS , FL

2017 SUPRA OTHER photo

2017 SUPRA OTHER

  • Damage ALL OVER
  • Location JUSTIN , TX
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Best Ways of Finding Yacht Salvage Boats for Sale

Ideal theft recovery boats for sale.

Salvage boats for sale are a welcome choice for anyone who does not mind paying repairs to get the boat back to its normal condition. There are times when things do not go as planned and boats are damaged, but it is still possible to salvage them. Yacht Salvage is often sold at very low prices because at most times, the owners are simply trying to get rid of them.

Insurance companies and owners usually give hurricane damaged boats for sale and theft recovery boats for sale at Salvage boat auction in the coastal areas after major storms or other natural disasters take place. A good example of such an occurrence is hurricane Dorian that hit the Bahamas. This is an event that had a great impact on the properties that had been set up in the area and this included boats and houses. The sales skyrocket after the hurricane as the residents counted their losses.

Ideal wrecked boats for sale

Most people who choose to buy salvage boats for sale usually take them to people with skills to do the repairs. In some cases, the people who make the purchases already have the resources and the skills that are needed to make the boat as good as new if not better.

There are abundantly used theft recovery boats for sale across the nation that may be willing to pay bottom-dollar for an old boat if they think it might hold potential for a refit and then resale. If you can pull your boat to them on its own trailer you stand a fair chance of getting a buck or two for that old rig – after all, if you can bring it to them, that means the trailer’s roadworthy and that alone has some value.

Deciding on the best yacht salvage boats for sale

The first thing to do after you find hurricane salvage boats for sale is to find out the kind of condition that the boat was in before the disaster hit. When you have an idea about the kind of condition, the boat was in before the loss occurred. It is very important. You need to think of it as a boat that does not have any damage. This helps you determine whether it was maintained well and whether there were any other damages that existed.

You need to ask all the necessary questions before buying salvage yachts for sale, theft recovery boats for sale, or any other old boat. You need to pick a boat that can be fixed without necessarily working on the entire boat. This makes it possible to know the pre-loss value of the boat and therefore you may place realistic offers or bid.

Considering damage

After successfully determining the pre-loss condition of the Yacht Salvage, you now have to consider the extent of the damage caused by the event that took place. This helps you evaluate the damages and establish what will be needed for the repairs. When you are considering the damage, you should overestimate it.

Types of damage that you can find on salvage boats for sale

You need to understand the damages that could possibly occur to a boat during the disaster. There are different types and they include:

In the case of Submersion, hurricane damaged  boats for sale have the most damage. Submersion damages the entire boat. Electronics equipment may be likely to tumble down by the water, but there is a possibility of saving the  boat engine  if it is taken care of instantly. This time it may be too late to prevent any actual damage and there are chances of hidden damage.

Dock rash happens when the boat rubs against other flutters, pilings, and the docks. Fixing can be done in some cases, but you may have to do some work to access some areas.  You will need some skills repairing this kind of wrecked boats for sale .

Wind damage

Repairable boats could also be wind damaged and this can be noted on the sails and canvas that could be shredded. Structural damage can also be caused by wind. The mast could also fall and cause damage to the deck and the top of the cabin. When there is wind rain, then more damage could occur inside the boat.

Salvage damage

Another thing you could notice when you buy salvage boats for sale. This happens as the container is being recovered. This is because the process could involve considerable stress and strains of drawing the boat from the water and into a vehicle for transport

This is also common and causes damage to the gear and fittings underwater. You may have to check the propeller shafts, rudders, keels, and props. You need to carefully inspect the insides of the boat and ensure you look at the steering system as well.

It is possible for hurricane salvage boats for sale to have one or more of the above damages. This is why a buyer needs to get as much information as possible about the boat that they are buying. You can look for an expert opinion before boat purchase .

Damage on salvage boats/wrecked boats for sale

Buying a boat with known damage is usually forthright, but the buyer needs to be prepared for unknown damage which may reveal itself during the course of repair. I suggest finding a reputable boatyard to affect the repairs. Documentation that the repair was done professionally should settle any prospective buyer’s concerns down the road when it is time to resell. I also suggest having a contingency budget for those unknowns as part of your overall approach. Buying a storm-damaged boat will take some risk, effort, and investment, but can result in keeping a good boat.

Best salvage yachts for sale at a salvage boat auction

Harbor Shoppers is one of the places you can start your search for the Repo salvage boats for sale. We can offer you expert advice regarding the best boats for sale from Yacht Salvage auctions online.

You can also search location-specific keywords on our website such as salvage boats Florida, hurricane damaged boats for sale BVI, junk boats for sale Bahamas , repairable boats for sale Dorian , salvage boats Texas, salvage boats Michigan, storm damaged boats for sale USA, etc.

We can also give an overview of some of the repairs that are necessary to get the boat up and running at a fair price. Also, you can get more information about Catamaran for sale , sailboats for sale , boat auctions ,  trawler boats for sale , small power boats for sale , used fishing boats for sale , used outboard motors for sale , repo boats for sale , cheap yachts for sale , cabin cruiser boats for sale , sailing boats for sale , high performance boats for sale , small boats for sale , cheap boats for sale , used boats for sale , powerboats for sale , monohulls for sale , ferry boats for sale , pleasure boats for sale , used deep v boats for sale , inflatable boats for sale , etc.

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Where to Locate Repossessed Boats for Sale

By Arran James

If in the market for a new watercraft, but not too keen on the cost of a brand new model, most boat-owners will look towards the thriving second hand market. An alternative to that, and one that's often over looked, is that of repossessed boats for sale. These repo boats often offer a tremendous opportunity to pick-up a boat at a knocked-down price.

Repossessed boats are effectively objects that are seized by a bank or other financial institution from its owner due to non-payment of a loan and after reaching the default status. Other reasons for a boat to be seized include those used in an illegal activity, such as smuggling contraband, or to be detained by the IRS due to tax evasion or related issues.

Locating repossessed boats for sale or on auction isn't that difficult, as there's a variety of companies that deal specifically in this business. Auctions include crafts of all shapes and sizes - those at the smaller end of the market, such as the wave runners, fishing boats, and runabouts to the larger sailboats and power-crafts and up to the mega yacht. The inventory for these auctions often includes bank repossessions, foreclosures, and government seized vessels.

Even with the benefit of a substantial saving in mind, be cautious when looking at repossessions, as once the owner knows or expects the vessel to be seized by the lender, the care and attention to the vessel is going to be neglected, maintenance is likely to be ignored, and the craft is often going to be run ragged.

Repossessed boats for sale can be located to suit most budgets and requirements – it's just a matter of finding that perfect watercraft.

If you're interested in getting a more detailed look at Repossessed Boats for Sale , including a variety of boating tips and ideas, take a look at http://www.RecreationalWatercraft.com

Article Source: http://EzineArticles.com/?expert=Arran_James



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Introducing the 2002 Silverton 352, recently affected by water intrusion up to the cabin flooring due to an open thru hull fitting during season launch.

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Government auctions of boats and aircraft

Learn how you can buy boats, yachts, helicopters, and planes from government auctions of excess and seized property.

The following auction sites list boats, other vessels, aircraft, and other items for bid.

  • General Service Administration (GSA) auctions - boats and marine equipment, aircraft and aircraft parts, and other types of government-owned excess property. Auctions may include military equipment.
  • U.S. Treasury auctions  - property forfeited by owners for tax evasion or other violations of Treasury law. Aircraft may be small planes, business jets, or helicopters. Boats include cabin cruisers, sailboats, and yachts. 
  • U.S. Marshals Service auctions - various items seized by Department of Justice agencies and other federal agencies. Auctions often feature luxury motor yachts.

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yachts repossessed sale

  • Salvage Boat

All You Need to Know about Repossessed Boats

  • February 3, 2020
  • 3 minute read
  • No comments

When looking to buy a reliable boat that won’t burn a hole in your pocket, you can always count on online boat auctions featuring repossessed boats for sale. But proceed with caution. To get a great deal at online boat auctions , make sure you are clear about your needs and the buying process. Even before these two concerns, an important prerequisite that should be covered is your understanding of repossessed boats. Read on to learn all you need to know about repossessed boats. 

What are Repossessed Boats?

The term ‘repossessed’ means that the boat was seized by the bank or any other lender due to the owner’s inability to repay the loan taken out to finance the boat’s purchase. Some repossessed boats might be seized by law enforcement agencies after they are found in illegal activity such as poaching, are bought through unlawful brokerage, or are seized due to non-payment of IRS debts. Boats like that are sold at online auction websites such as Salvagebid.com and can go for unbelievably low prices. 

Choosing a Repossessed Boat

It’s simple. Make a list of all the key parameters. The list should include: 

  • Purpose and frequency of use
  • Distance you intend to cover
  • Type of water body in which the boat will be used
  • Availability of parts 
  • Maintenance cost

Based on these factors, you can explore the repossessed boats for sale featured in our online boat auctions. You can use various search filters and sorting options to speed up the process. 

Once you have shortlisted a few options, check their history, and book an appointment to inspect their condition. As inspection is an essential part of the process, make sure the yard is near you. If it isn’t, you can hire a 3rd party service to inspect the boat for you.

After inspection, you can start bidding on your shortlisted options and bring your dream boat home without going over budget 

Factoring Additional Expenses

The most important aspect before entering a bid at an online boat auction is deciding your budget and maximum bid. Keep in mind that, besides the final purchase price, you may also have to invest is repairs and/or maintenance to get your boat ready to hit the water. You’ll have to factor in insurance and transportation costs. By adding up all the additional costs, you’ll be able to decide your maximum bidding price. When in doubt about transportation costs, you can get an estimate using EasyHaul’s online calculator . Once you’ve got these covered, you know your maximum bid limit and can take decisions accordingly. 

For those who love the idea of sailing in their own boat or have business requirements, but are on a budget, bidding on repossessed boats for sale is a great option. To participate in our online boat auction, all you need to do is register with us to start bidding in a few simple steps. If you have any questions or would like to know more about the repossessed boats for sale in our inventory, talk to our experts at +1 (360) 347-1300 . You can also send us a message and we will take it from there.

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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)

Magic Yachts Jamadhar 100 Catamaran (2014)

Mangusta 72 Open (2005)

Mangusta 72 Open (2005)

Contact us if you have more questions.

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

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Idaho repossessions

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Page Description:

On this page you will see an index of organizations within Idaho which may have bank repo cars for sale, foreclosed homes, repossessed land, mobile homes, and perhaps watercraft. Banks and credit unions around Boise, Nampa, along with other cities offer excellent deals for investors who are curious. As the banking institutions are generally not in the real estate investment and automotive industries, they may be willing to sell off any given repo property or home at discounted prices to recoup money lost on their loans. Note that the procedure for selecting repo property will vary based on the guidelines of the lending institution.

Idaho Repossession Buying Information:

The State of Idaho has several banks and credit unions that sell repossessions directly to the public. Buying an Idaho bank repo is a pretty basic endeavor. Shopping via RepoFinder will link potential buyers to an array of Idaho banks that sell repossessed cars, trucks, motorcycles, RV’s, ATV’s, and real estate. Each repossessions will have a set asking price. Buyers can make an offer or submit a bid according to what they’re willing to pay for the Idaho bank owned property. The bank can then either approve or deny you offer. If you are fortunate to be the high bidder then the bank will walk you through the rest of the purchase process. Several of the Idaho banks selling real estate will also be able to help you with the purchase contracts if you don’t have an agent.

General Repossession Buying Information:

As a rule of thumb, it’s always a good idea to inspect any bank repo that you plan to buy. Banks will have no problem letting you inspect the reclaimed asset prior to making an offer. Buyers may want to have a trained mechanic or other person with the expertise required to inspect a repossessed vehicle for any defects of maintenance that may have been deferred. When buying repo’s also realize that everything is sold as-is. Ultimately you’ll be responsible for any mechanical failure unless the repossession still has the original warranty in place. If needed the banks can also help with financing a repo and may even have special interest rates if you go down that course.

Types of Repossessions in Idaho: Idaho’s repo page is a free list of bank and credit union repossession sales featuring items such as cars, trucks, ATV’s, RV’s, boats, motorcycles, real estate, and more.

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Boats for sale in Pullman / Moscow

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Real Estate

Repossessed boats for sale in new jersey.

Search and find boats and yachts in New Jersey 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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2008 Grady-White 225 tournameent

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