Rocky bought the boat from the original owner in New Jersey about a year ago I think. The boat was for sale for quite a while before he bought it. I think he is recycling some of the original photos.

Good luck with your Mom Rocky. Sorry to hear that is happening.

Rocky, I hope & pray your mother can pull through this..

Well I should restate what I said earlier.

In terms of a credit score, Yes it is different, however a 60 day late payment is percieved to be a foreclosure by the bank and without intervention a collection agency will assess their fees to what is owed to the bank.

My advice to him would be to talk to the bank to prevent this and to find out if making a extra payment to the following month's payments would be possible. Sell it ASAP. Or find a partner and share ownership.

Above all else........Protect your credit score. Everything is affected by your credit score. Car insurance, health insurance, interest rates, etc.

Yes I am useing some old pics and some that I took also, I used the boat very littel this summer, well it still is hot ware I live , today was 98.The boat is at my house here in So Cal. right in my driveway.It is perfect condition , I have over 6k into refreshing the motors and drives.The boat runs awsome, it is running in the 87-89 mph on gps right now, changing the props will get her 90+.As for the payoff it is alot -72k.I am wating to here from the bank regaurding a short sale price if they are willing to do that.
I will be returnig calls that have been made by a few of you guys tomarrow 10/09/08.It has been a long week and today was the longest so far.Sorry for the late call backs.
Thanks for the interest and kind words.
P.S I REALY OWN THE BOAT,WELL THE BANK DOES,I HAVE POSSESSION OF IT! PANTERAS WEBSITE OWNERS GALLAERY WAS NEVER UPDATED.

Thanks to all for reading my post.

I'm going to have to respectfully disagree with your statement.

I don't know which bank(s) you work(ed) for but in my 20+ years of finance and banking None of the instututions I've worked for, including my current one consider a 60 day delinquecy the same as a foreclosure.

Not even close.

And none of them ever turned an account over to a collection agency until after they had exhausted all collection work and charged off the loan.

I've made loans to people that have been 60 days past due with us at one time or another for various reasons, people and businesses.

I've never loaned a dime to someone we had to foreclose, repo, charge off or a bankruptcy where we incured a loss.

If the delinquecncy was a over a year ago with another lender and all paid before or since and current or paid off with them, assuming a decent reason, we over look it too.

Now if they are currently 60 days past due with someoen else and want a loan or recently 60+ days past due we aren't going to make a loan, without mitigating circumstances, but given a year of good payment it's easily ignored assuming credit was good before and since the issue.

I really think your information is incorrect...but then again I'm not your banker either.

Good luck Rocky with everything we know what you are going through, my wifes father just got diagnosed with lung cancer.

That's fine. I'm not claiming to be an expert, but my statements are base on facts.

Not being rude, and I do hope and pray for the strength to overcome your family health issues--------but, having stated what you owe on the boat loan, would it be correct in stating that you are "upside down" on what is owed? I believe that I have someone that would be interested in taking over the payments, however seeing that here in Michigan the boat would be in storage for close to 6 months before he could use it. You see my point. Perhaps a short sale is in order. What is the banks position on this?