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"Boat Auctions Repo Inventories Continue to Climb in 2012...Sales from 15-50% off Book... OK, you've probably heard claims similar to that before. Well, give me just 1 minute of your attention and I'll explain it right now... Now they're struggling to keep up with liquidating lenders' repossessed inventory.
A recent statement from Boat Auctions Direct recently commented, "We have seen a 50% spike in boats for auction as well as power sport repossessions in 2011 and it hasn't slowed down and unless economic conditions improve we'll see repossessed collateral well into 2012-2013. Bottom line is right now is that borrowers who can't afford to make their house payment aren't going to keep making their yacht payments." Note: Prior to bidding at any repo boat auction take advantage of your option to inspect the vessel yourself or at least a qualified inspecter. Whether you're looking at a bass boat, pontoon, or yacht conduct a sea trial to get a feel for the vessels performance and general seaworthiness. Doing so ensures you don't over..or even under value the vessel your interested in. Copyright © 2012-2014 Boat--Auctions.com Privacy Policy | Auction Scam | repo boat auctions | bank repo boat auctions | boat auctions Florida |