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.

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.

No complaints here about dealing with them. Just be thorough on your inspection and know how much the boat is really worth in todays market

anyone have the site thanks

www.yachtauctions.com

so your offer can be based on a survey?

I was told you can make passing a survey a condition of sale.

you can put any stipulation you want....survey, sea trial, inspection, bank financing,etc.

Sent an Email about a boat on Tuesday and didnt get a reply. I then called and the receiptionist transfered me to an answering machine. I left a detailed message and guess what.....no reply, The boat is still listed. What gives with this place ?