Booming Business in Boat Repos

The New York Times is reporting a rising tide (note the ironic pun) in boat repossessions. --Just one more example of the America's problematic debt culture. Here's the lead:

So many people have so many things they can no longer afford. This is an excellent time to be a repo man. When a boat owner defaults on his loan, the bank hires Jeff Henderson to seize its property. The former Army detective tracks the boat down in a backyard or a marina or a garage and hauls it to his storage area and later auctions it off. After nearly 20 years in the repossession business, Mr. Henderson has never been busier.  ....

Comments

[RandyWaltmen]

The article posted is a little dated nonetheless repo agencies are still busy hauling in repo boats and will probably continue to be throughout 2009 as long as unemployment continues to grow. That said, if you've ever wanted to discover boating there's never been a better time to 'get your feet wet'...boats today (especially repos) are as cheap as I've seen in a long time.

Also, a good place to find repo boats is www.boatauctionsdirect.com

[frankline]

This is nice blog, I gather alot of information form here. Iam new to this blog I want to know more information about this blog.
===========
james
Car Auctions

[frankline]

This is nice blog, I gather alot of information form here. Iam new to this blog I want to know more information about this blog.
===========
frankline
Car Auctions

[rosesmith]

This is the blog which is useful to the people to know about the consumer law and police. It specifically created by the purpose to know the details about the consumer law.
===============================
rosesmith

auto auctions