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Old 11-04-2009, 07:52 AM
  #11
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I bought a boat from them last year, no problems, I bought it site unseen, my only complant was the bid was suposed to stop on a Monday as published on their site and they ran the bid till Wednesday evening and cost me another 2 Grand, Im sure their are laws against that. I used uship.com to ship it from California to Virginia and had the truck driver check it out for me
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Old 11-04-2009, 02:33 PM
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Damn fastedy your as nuts as I am, I bought my boat outta Arizona sight unseen & used uship to get it back to Ohio I was happy when it got here

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Old 11-04-2009, 07:06 PM
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The longer they store the boat
the more money they make, why
would they be in a hurry to do any-
thing ?
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Old 11-04-2009, 11:34 PM
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if these guys suck so bad why isnt there another player for these bank assets?
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Old 11-05-2009, 08:28 AM
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Quote:
Originally Posted by bajarick View Post
The longer they store the boat
the more money they make, why
would they be in a hurry to do any-
thing ?
because they said that the auction would end Monday.....not let it keep going and cost someone more money.....
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Old 11-05-2009, 08:55 AM
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Quote:
Originally Posted by bajarick View Post
The longer they store the boat
the more money they make, why
would they be in a hurry to do any-
thing ?
Good Point!!!
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Old 11-05-2009, 11:19 AM
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I bought a 38 Cig (The Pink Flamingo) from them years ago.
I dealt with Bobby McGee & the deal went very smoothly.
He is still there, give him a call. I think he is the manager.
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Old 11-05-2009, 11:31 AM
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Quote:
Originally Posted by Jesse James View Post
if these guys suck so bad why isnt there another player for these bank assets?
There are several other players. Yacht Auctions just has the location for the big stuff.

American Yacht Sales is a player in the Texas area.
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Old 11-05-2009, 03:58 PM
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I bought a brand new (never titled) repo'd Scarab through American Yacht sales about 7 yrs ago. They were pretty good to deal with.
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Old 11-05-2009, 04:08 PM
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The auction that ends up with the collatteral is chosen by their lending institution. So the best auction sales force seems to get the most listings. And if the auction is good at taking care of their customer (the lending institution) they will cont to get business. The actual purchaser is not where there real money comes from. There will basically always be buyers, but they need to have the listings first to sell them.

That being said, the bank does not care really how they handle the sale, just that THEY get the most bang for the buck back out of the collatteral. Or at the very least, the least amount of work to get the money for their collatteral.

I have not dealt directy with the above listed auctions on a purchase, just that our Repo's have been picked up from us, and transported to them for the bank.
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