Parting out 1996 39 Ocean Express
02-23-2012 | 01:54 PM
#51
Gold Member
Joined: Sep 2005
Posts: 2,484
Likes: 5
From: ft. myers, fl.
Wally,
I understand your his friend but you need to stop drinking his koolaide. Fact is I paid for the boat in full as we agreed before I took it and I have the canceled checks to prove it. I had no intentions of buying the engines as the boat was not listed with them. Mark offered me the engines with the option of making payments on them as a separate deal not tied to the boat. Mark had 2 weeks to pay the boat off and secure the title. I was to start making payments on the engines 6 weeks later with 5 months from that date to pay them off. When I called mark with the first payment in hand which took 7 weeks instead of 6 I asked for proof that the boat was paid off. IT WAS NOT.I was not going to send him any more money until it was. I put together all the money for the engines WITHIN the 5 month period and called mark to meet me at the bank to receive my title and the rest is history. The only mistake that I made was trusting Mark Smith to stand up to what he said he would do.Now here we are 18 months later and I still can not do anything with the boat.How mad would you be???? Would you let him get away with this for sooooo long????
I talked to Mark last month and he blew me more smoke knowing at that time the boat was already in default promising me that he would put me in touch with the bank by the end of that week. After a month of no returned call I hired a lawyer and found out monday that the boat has been in default.
I talked to Mark this tuesday afternoon and he promised me that he was on his way to the bank to get the boat paid up and out of default. He also stated he has the means to get the boat paid off VERY soon (what ever that means).He has until tomorrow to prove it or I will move forward with legal action.
ALL FACTS...... NOTHING TO DISPUTE
MARK ARE YOU OUT THERE ????? LETS HERE YOUR SIDE
I understand your his friend but you need to stop drinking his koolaide. Fact is I paid for the boat in full as we agreed before I took it and I have the canceled checks to prove it. I had no intentions of buying the engines as the boat was not listed with them. Mark offered me the engines with the option of making payments on them as a separate deal not tied to the boat. Mark had 2 weeks to pay the boat off and secure the title. I was to start making payments on the engines 6 weeks later with 5 months from that date to pay them off. When I called mark with the first payment in hand which took 7 weeks instead of 6 I asked for proof that the boat was paid off. IT WAS NOT.I was not going to send him any more money until it was. I put together all the money for the engines WITHIN the 5 month period and called mark to meet me at the bank to receive my title and the rest is history. The only mistake that I made was trusting Mark Smith to stand up to what he said he would do.Now here we are 18 months later and I still can not do anything with the boat.How mad would you be???? Would you let him get away with this for sooooo long????
I talked to Mark last month and he blew me more smoke knowing at that time the boat was already in default promising me that he would put me in touch with the bank by the end of that week. After a month of no returned call I hired a lawyer and found out monday that the boat has been in default.
I talked to Mark this tuesday afternoon and he promised me that he was on his way to the bank to get the boat paid up and out of default. He also stated he has the means to get the boat paid off VERY soon (what ever that means).He has until tomorrow to prove it or I will move forward with legal action.
ALL FACTS...... NOTHING TO DISPUTE
MARK ARE YOU OUT THERE ????? LETS HERE YOUR SIDE
02-23-2012 | 02:13 PM
#52
Thread Starter
Banned
Joined: Mar 2002
Posts: 2,103
Likes: 3
From: michigan
I have a lawyer retained on the matter that is who contacted the bank and found its was in default. I contacted the bank last year and could not get any info from them other than he was current with the loan at that time. As of monday the bank was not looking for the boat only their payments from Mark but I am sure that will change soon if he does not do what he promised. I am currently taking steps to assure that my interest will be covered if he fails. This will include a maritime lien on the boat any legal charges and liens I can put on him personally.
03-06-2012 | 06:10 PM
#53
10x
Joined: Dec 2003
Posts: 4,796
Likes: 2
From: La Grange Ill
WOW Brian, so sorry to read all of this. I never knew anything about this except for what Mark told me last summer. Hope everything works out for you and you finally get to run the boat.
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www.chicagopowerboat.com
03-07-2012 | 06:21 AM
#54
Thread Starter
Banned
Joined: Mar 2002
Posts: 2,103
Likes: 3
From: michigan
UPDATE.
Mark paid the....... 6 MONTHS........ he was delinquent sending me copies of the cashier's check and billing statement from Key bank who holds the loan on the boat. Problem is he told me he had the boat payed down to $31,000 from the $42,000 he owed when in fact the bank statement shows he still owes $37,303.27. So we removed the boat from the building last week because at this point believing anything he says would be more foolish than I already have been.
It will be another year with the Baja and maybe next year with a cat, not the OE.
Mark paid the....... 6 MONTHS........ he was delinquent sending me copies of the cashier's check and billing statement from Key bank who holds the loan on the boat. Problem is he told me he had the boat payed down to $31,000 from the $42,000 he owed when in fact the bank statement shows he still owes $37,303.27. So we removed the boat from the building last week because at this point believing anything he says would be more foolish than I already have been.
It will be another year with the Baja and maybe next year with a cat, not the OE.
05-23-2012 | 09:29 AM
#57
Thread Starter
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Joined: Mar 2002
Posts: 2,103
Likes: 3
From: michigan
I had enough of the BS and I bought the 39 OE that was in the classifieds last week with a title. Putting a maritime lien on Mark/banks boat for storage, work and all related expenses so I will probably end up with title for that 1 someday.
05-23-2012 | 11:18 AM
#58
Registered
Joined: Jan 2002
Posts: 1,430
Likes: 1
From: Cass Lake Michigan
Glad to hear it Brian...... I just added some links to your other thread after looking through all the OE stuff I could find.......... What a great history Ocean Express has. It really made my day seeing all the old race boats and going through all the threads..... Best of luck man 
05-29-2012 | 07:43 PM
#59
Crazy Energy
Joined: Aug 2007
Posts: 4,334
Likes: 1
From: Oklahoma God's country no one else wants it.
Brian, Any photo's of the one you bought in classifieds. I glanced at it but then I noticed it was gone. Glad to see you can move on after such a experience with Mark. Thanks VV
05-30-2012 | 12:04 AM
#60
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Joined: Nov 2003
Posts: 9,950
Likes: 0
From: 1 Flu Ovr KuKos Nest-WI
