aww man, I didnt want to know, it feels like stealing someones girl....already know what the other side feels like:(

Today, informed by the broker, the lawyers are working on it.

I know thats got to be frustrating , But hang in there !!

Well , think of it this way .... If you ordered it new ... you would hafta hear that for another 8 to 14 months or so . :drink:

Wait , maybe even 14 to 18 months ................

I was going to say, little longer than that buddy!!!!!:D

Man you're being generous!:D

Any word???

Not a word, I call every few days, they tell me a few more days...I'm told this is called a "short sale"? The term for a repo that is being offered for less than the money against it? Again, I am told, in realestate short sale offers may take as long as 6months to be accepted....or declined.....anyway, time to save up for some proper rebuilds.

Good Luck thats a sweet rig!!!

Hey Dan ,

I am not repo or real estate expert by no means , but my Father has a contract on a house in Port Charlotte that is a "short sale" repo with more than one party involved & it is taking a good while to close..

There is no way it takes that long for a bank to make a decision. They are hoping for a higher offer or don't have the qbility to sell it yet. Every day they wait the interest clock is ticking and its a depreciating asset, very quickly in todays market.

do some research and see who holds the lien and talk directly to them if you want to get this deal closed.

Ah yes....Reward and profit from others misery and loss.....what a great country we live in!

As someone who works in bankruptcy I'd have to disagree. Lots of stuff that goes on. 1st you make a motion to sell the property, which can be held up by objections from various creditors. It can be 1-3 months before there is even a hearing regarding the sale. The hearing can be extended to a later time and if its long enough there could be a continuance on the hearing. Then the sale might not even be approved.

If I was you I'd tell the broker to quit giving you the run around. Tell him you need to know whats going on in the case/repo. With that kind of money being spent I would engage your own lawyer to give you updates on the sale. Its all online and real-time. All you need is a case number and which court its located in. Takes about 5 minutes. If the sale is approved I would also have the lawyer do a quick review and assure that the boat is free of all liens.

Hey Dan,

One of those white delivery trucks just droped off a package here at the shop...:cool: Thanks again & talk to you soon.

You are welcome. You'll love it, it is the nicest stuff ever to work with.
Dan

what you say is true, and that would fall under my statement that they don't have the ability to sell it yet. but i'm assuming that since its listed for sale all that bs has been done. Why list it if you don't have relief to sell it?

done proper the court wouldn't be involved after the trustee abondons it, but if there are multiple claims on the asset or if there were equity and the trustee is selling it then I could see the delays.

but my understanding was the boat was for sale by a broker, if it's still tied up in bk court then it aint ready tobe for sale

Here are a few pics to keep spirits UP!!

Awesome rig!!!

One more.............

Good luck with the purchase:evilb:

Good point. Sometimes a buyer's offer can help shotgun these slow processes. Sometimes a buyer's offer can help establish a true market value, which can also lead to more litigation. They probobly had no idea it would sell so fast and figured by the time someone was ready to buy they'd have all their ducks in a row.

D Adams - if you do get a case number and court I may be able to tell you whats going on. Usually all kinds of drama thats fun to read. I'd have to double check whether or not that is actually legal for me to snoop around other cases that I'm not approved to work on........but I think its all public info.

Thanks Tex, I'll see what I can find out. Any info I come up with, I'll pm you.

Offer tenatively accepted!?!?! For only slightly more than my original offer!! BUT, 2 more weeks for the judge to put his rubber stamp on it....so says the broker. We shall see.

Sounds like good news buddy !!

Dan

I've worked on the boat, the motors, and had both the trans. gone through the last year or so the boat was in the water. I went through the stbd. engine to repair a torched block, head, and head gasket from mike runnung old fuel in it just before the key west run. I've got some insight for you on the current condition of the engines/trans. Give me a ring at 616-844-1000 - Ben Wiersum/Precision Power Offshore

hmmm. who turned off the lights??? any news dan? love that boat.

todd

Hey Todd, are you at the Wharf? Stars an Stripes Cig? Will you be out this weekend? We should head down to Wallys for some perch.

They (the lawyers) counter offered, I accepted and signed a bill of sale. 9 days ago it was emailed back to the Judge for his "rubber stamp". A few more days.

Dan

Dan , got your message .... but had cell phone issues ... call me again when you can . Good luck !

JM

thats great news dan. congrats. stars and stripes is not me, but that is a very nice boat. mine is euro racing cig. i keep it at grand haven condo storage, next to the old grand valley. going out tonite with ben. then plain on being out saturday. i'll watch for the 42 ex.

todd

Congrats on the new boat Dan.

Thank you, yes it's almost official. Still need to hand them a check and hook onto the trailer.

Glad to hear that it seems to be on the down hill run from here... Can't wait to see some pics. of her in the water were she belongs !!

hi dan

where is wally's? were thinking dockers for lunch then down to port sheldon.
todd

Hey Todd. Wallys is in Saugatuck. You have to dock at Coral Gables and walk into town a short block. The place can be a blast on a good night.
Be great to go for a run with you, gimme a call if you want. 550-4765. I'm heading out now to get the boat cleaned up, not sure if I'm going in or not, heard about some rain. Tomorrow for sure.
Dan

i was thinking it was in saugatuck. dropping the kids off at 11am. i should be out around noon - 1pm. i'll watch for you.
todd

dan it was nice to meet you today. was that a great ride back to gh or what? did you beat the rain? we stayed on beach in the channel 5 minites to long. we well be out again next saturday the 5th. if your going to be around ring me 437-9887 and we can run up to dockers or port shelden if you like. by the way sweet ex.

todd

Hey Todd, small world, nice to meet you too. Yes, fun ride back to GH. We made it in before the storm, and had the ex put away before the rain. I am hoping to be at the wharf all weekend....WW should be there.
Great looking TG you have, can't wait to get out in a few more of those 4s to see how these straight bottom deep vee's run. I have never ridden in one.
Dan

Dan, call me when you're coming out to close and I will meet you at Barretts and get the pump to pump out the fuel.

Todd, what going on man?!! Having a party at the Wharf this Saturday if you want to stop by?!! Starts at 6pm. Hopefully have Wicked Won on display!!:drink:

Dan I know you are absolutely stoked & I cant wait to hear how the maiden voyage goes... & dont forget little bro wants some pics.. I wish you the best !! We are heading out of town tomorrow for a week of beaching on the s.w. coast of FL & when we return I plan on getting back on my boat that hasn't been touched in nearly 2 weeks.

hey cj.
sure is great to get back out on the water. we well be out saturday. would love to stop by. i well have a couple of tag alongs with me if thats ok?
todd

No problem! Looks like we are going to have the nicest weekend of the year!! Should be a fun party! We'll have plenty of food and pop but BYOB! See you soon!:ernaehrung004: