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Desperate. Take Over Payments

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Old 10-04-2008, 09:55 PM
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Default Desperate. Take Over Payments

Hi,
If anyone is interested I am close to leting the boat go .I can not aford to keep it with all the medical bills that I have now. So if this interesting to anyone call me Rocky @ 661-510-5049
the boat is listed in the classifieds, the all white one with twin 500s. the payments are $835.00 per month.
Thanks, Rocky
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Old 10-05-2008, 04:47 AM
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How many years left on the note?
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Old 10-05-2008, 02:25 PM
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19 years left
72k still owed
I might be able to add driver to insurance
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Old 10-05-2008, 05:58 PM
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check and see if the note on the boat is assumable
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Old 10-05-2008, 07:44 PM
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wow this sucks. whis i had that kind of cash laying around. thats my dream boat.
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Old 10-05-2008, 07:55 PM
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99.9% of consumer loans are not assumable, however in this day and age, the bank may make exceptions. May even agree to a short sale with a cash buyer rather than take it back.
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Old 10-05-2008, 08:55 PM
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its up for the taking, if someone has an idea other then what I have come up with let me know.
Thanks
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Old 10-05-2008, 09:44 PM
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Wow sorry to hear that..Had no idea the bank would carry paper that long....wonder why we had to bail those guys out...if moneys tight and the pay off is that high...hate to say it. Best option might be to hand it back over to the bank.
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Old 10-05-2008, 11:46 PM
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Quote:
Originally Posted by moviemoney View Post
Hi,
If anyone is interested I am close to leting the boat go .I can not aford to keep it with all the medical bills that I have now. So if this interesting to anyone call me Rocky @ 661-510-5049
the boat is listed in the classifieds, the all white one with twin 500s. the payments are $835.00 per month.
Thanks, Rocky
Thats a shame man. I have been drooling over this boat for almost a year ever since I first saw it on the Pantera web site.
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Old 10-06-2008, 09:38 AM
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Quote:
Originally Posted by Dono77056 View Post
Wow sorry to hear that..Had no idea the bank would carry paper that long....wonder why we had to bail those guys out...if moneys tight and the pay off is that high...hate to say it. Best option might be to hand it back over to the bank.
I know my dad had a 25 Year on his boat. he pays 558 a month. but he got it back b4 all new bank problems. he only owes 15k or so so hes ok with his boat.

also thats why everything is so messed up is everbodie just giving their stuff back to the bank.

One good thing is sometimes if you give it back in great cond. then it does not go on your credit report. ive seen it be 50/50 with people who just let the house go back to the bank. so its a hard choice.

What about Selling the power off to get some exter cash? that stuff is easy to replace when you have more money?

or get a second owner on the boat and split the paymont cost?

Last edited by slpcamaross97; 10-06-2008 at 09:41 AM.
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