Boat Repos
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Where to Bid on Boat Repo's?
I read that banks are auctioning Boat Repos more than ever now and wondered where you can bid? I live in the AZ. Thank you.
Most lenders now will remarket their repo collateral using local auction houses and once you find several you can make offers or bids through them. Repo auctions are either sealed bid, while others are absolute (no-reserve) auctions. However, recently banks have been accepting offers and negotiating from there and without much competition.
Arizona suprisingly is one of the biggest boat owning states in the U.S. so you should be able to find boat auctions close by...
BoatAuctionsDirect.com offers a nifty little resource geared for auctions and repos as well. Pick your state and you 'll get about 100 sources or so.
But if you 've got the time you can call your local lenders and see who's remarketing them
Repo Rich # 211 2005 Hurricane