Bank is owed $169K on a repo, what would it take to buy???
02-01-2009, 08:04 PM
#11
Registered
02-02-2009, 12:58 PM
#12
Registered
Join Date: Sep 2007
Location: Gaylord, Mi
Posts: 2,573
Likes: 0
Received 0 Likes
on
0 Posts
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, 02:16 PM
#13
Registered User
Join Date: Feb 2001
Location: Tampa, Indian Shores Beach
Posts: 3,300
Likes: 0
Received 1 Like
on
1 Post
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.
