Here is an excellent list of resources to locate bank repo boats for auction within the U.S. I did not bother listing any dedicated Government auction sources since Police or Coast Guard auctions rarely offer a vessel that is worth bidding on.
Since I have pursued bank owned boats for sale [...]
This year has been simply the best of years for buying water toys at state or local bank liquidation auctions. As a frequent boat auction follower myself it’s usually accepted that a repossessed or seized sold at auction will deliver a 15-20% savings relative to retail.
That’s not bad, especially when you consider [...]
Due to the economic downturn jobless boaters have been reduced to force a quick sale or surrender their boat to the bank. Now more than ever new boaters are taking a double look at this new found opportunity and are unable to resist the tsunami of cheap boats for sale by banks, distressed owners, [...]