So, you're stealing the radio from the bank, and
that's okay?
S.

"Capt. Rob" wrote in message
ups.com...
: You repo the guy's boat AND steal his personal
stuff?
:
:
:
: The guy stopped making payments to his bank and
stiffed the yard for
: 6800 dollars. He changed his # and never
answered any letters. Not only
: did he lose his "stuff" on board, but he'll get
sued for being the
: thief that he is.
: The order of events are simple. Fail to make
good on something you're
: paying off and the bank will repo it, and in the
case of a boat they
: lose in most cases. You have no rights to the
gear on board when you
: steal in this manner, even if you just bought or
installed it.
: It doesn't suprise me that you'd defend a
thieving scumbag who's part
: of the reason some folks have to pay higher
interest rates.
:
:
: RB
: 35s5....a boat that's paid for.
: NY
:

So, you're stealing the radio from the bank, and
that's okay?
S.


Steve, you don't know much about anything, do you? The bank repo's the
boat if there's a note not paid. In some cases the bank pays us off and
takes the boat for their own sale. But in most cases we buy the boat
for a tiny amount and the bank has no further interest. I then
inventory the boat, remove gear that we can make additional money on
and keep a third of the profits or take it in gear for myself. When the
boat is above a certain value, we don't touch it. The bank sends a rep
and they do their own inventory. The thief who "owned" it before has no
rights as he's screwed the bank and the yard in most cases. It's a
great deal for me. My boat gets a lot of toys, I help support my great
club and I pay no yard fees and am comped on all work.
Quite recently we repo'd a Hunter 36 and that boat's gear sold for
almost as much as the boat itself. A perk for my hard work is that I
can grab an occasional tid bit for myself. Something big like a radar
comes out of my 33%. Repo's are sad, I agree, but this is not the most
common course. In most cases we have owners who simply walk away from
boats. The boat are of minimal value and a serious problem to get rid
of. I'll be selling off a LOT of boats on Craigs list that are of this
variety. The gear I sell on ebay or at a yard sale we hold twice a
season via member mail.

RB
35s5
NY

Cue the music.... theme song from 'Sanford & Son'.



--
"Swab Rob" wrote ...
So, you're stealing the radio from the bank, and
that's okay?
S.


Steve, you don't know much about anything, do you? The bank
repo's the
boat if there's a note not paid. In some cases the bank pays us
off and
takes the boat for their own sale. But in most cases we buy the
boat
for a tiny amount and the bank has no further interest. I then
inventory the boat, remove gear that we can make additional
money on
and keep a third of the profits or take it in gear for myself.
When the
boat is above a certain value, we don't touch it. The bank
sends a rep
and they do their own inventory. The thief who "owned" it
before has no
rights as he's screwed the bank and the yard in most cases.
It's a
great deal for me. My boat gets a lot of toys, I help support
my great
club and I pay no yard fees and am comped on all work.
Quite recently we repo'd a Hunter 36 and that boat's gear sold
for
almost as much as the boat itself. A perk for my hard work is
that I
can grab an occasional tid bit for myself. Something big like a
radar
comes out of my 33%. Repo's are sad, I agree, but this is not
the most
common course. In most cases we have owners who simply walk
away from
boats. The boat are of minimal value and a serious problem to
get rid
of. I'll be selling off a LOT of boats on Craigs list that are
of this
variety. The gear I sell on ebay or at a yard sale we hold
twice a
season via member mail.

RB
35s5
NY

Like I said . . .
S.

"Capt. Rob" wrote in message
oups.com...
: So, you're stealing the radio from the bank, and
: that's okay?
: S.
:
:
: Steve, you don't know much about anything, do
you? The bank repo's the
: boat if there's a note not paid. In some cases
the bank pays us off and
: takes the boat for their own sale. But in most
cases we buy the boat
: for a tiny amount and the bank has no further
interest. I then
: inventory the boat, remove gear that we can make
additional money on
: and keep a third of the profits or take it in
gear for myself. When the
: boat is above a certain value, we don't touch
it. The bank sends a rep
: and they do their own inventory. The thief who
"owned" it before has no
: rights as he's screwed the bank and the yard in
most cases. It's a
: great deal for me. My boat gets a lot of toys, I
help support my great
: club and I pay no yard fees and am comped on all
work.
: Quite recently we repo'd a Hunter 36 and that
boat's gear sold for
: almost as much as the boat itself. A perk for my
hard work is that I
: can grab an occasional tid bit for myself.
Something big like a radar
: comes out of my 33%. Repo's are sad, I agree,
but this is not the most
: common course. In most cases we have owners who
simply walk away from
: boats. The boat are of minimal value and a
serious problem to get rid
: of. I'll be selling off a LOT of boats on Craigs
list that are of this
: variety. The gear I sell on ebay or at a yard
sale we hold twice a
: season via member mail.
:
: RB
: 35s5
: NY
: