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  1. #1
    Registered moviemoney's Avatar
    My Boats:
    28 pantera w/2x500s
    Join Date
    May 2006
    Location
    valencia,CA
    Posts
    96

    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

  2. #2
    Registered Craney's Avatar
    My Boats:
    28 Pantera
    Join Date
    Oct 2004
    Location
    Clayton NJ
    Posts
    988
    How many years left on the note?

  3. #3
    Registered moviemoney's Avatar
    My Boats:
    28 pantera w/2x500s
    Join Date
    May 2006
    Location
    valencia,CA
    Posts
    96
    19 years left
    72k still owed
    I might be able to add driver to insurance

  4. #4
    Registered
    My Boats:
    27 Activator
    Join Date
    Nov 2005
    Location
    south jersey
    Posts
    1,776
    check and see if the note on the boat is assumable

  5. #5
    Registered
    My Boats:
    2002 Pantera F1 Race boat
    Join Date
    Aug 2006
    Location
    Lapeer, MI
    Posts
    959
    wow this sucks. whis i had that kind of cash laying around. thats my dream boat.

  6. #6
    Registered Von Bongo's Avatar
    My Boats:
    1997 Cig Kevlar - powered by Boyd
    Join Date
    Dec 2001
    Location
    Iowa - Missouri
    Posts
    3,893
    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.

  7. #7
    Registered moviemoney's Avatar
    My Boats:
    28 pantera w/2x500s
    Join Date
    May 2006
    Location
    valencia,CA
    Posts
    96
    its up for the taking, if someone has an idea other then what I have come up with let me know.
    Thanks

  8. #8
    Registered
    My Boats:
    95 Pantera 24 SE, 91 Suntracker 24
    Join Date
    Feb 2008
    Location
    Houston, TX
    Posts
    134
    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.

  9. #9
    Registered
    My Boats:
    22' Dolphin
    Join Date
    Oct 2007
    Location
    Miami, FL
    Posts
    13
    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.

  10. #10
    Registered
    My Boats:
    2002 Pantera F1 Race boat
    Join Date
    Aug 2006
    Location
    Lapeer, MI
    Posts
    959
    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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