Bank is owed $169K on a repo, what would it take to buy???
02-01-2009, 07:04 PM
#11
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02-02-2009, 11:58 AM
#12
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Yea most banks will play games that are beyond stupid.
I have had banks want us to fix a boat to "Sellable Condition" I give them quote, and they give me this chit of we will pay you with proceedes exceeding lein on boat. I tell them $$ up front or go away.
Honestly the best deals I have seen are at Yachtauctions but don't believe their advertised prices, cut that in about half and start from there.
WILL
I have had banks want us to fix a boat to "Sellable Condition" I give them quote, and they give me this chit of we will pay you with proceedes exceeding lein on boat. I tell them $$ up front or go away.
Honestly the best deals I have seen are at Yachtauctions but don't believe their advertised prices, cut that in about half and start from there.
WILL
02-02-2009, 01:16 PM
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I think you would be surprised, but I stress you need it in writting with deposit ready to go. The biggest problem is them showing a big loss on the books. Where you get a deal is when their wasn't much left owed, but owner just bailed.
