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prairieschooner · 12-22-2009, 05:05 PM

This is most likely the decision of the Agent selling the Coach and not the Bank although I cannot be sure.
I have been involved with numerous Bank Owned Sales in Boats. The Broker always says that this is an "as is sale" but it is always subject to a Survey of the vessel. The Bid is put on the vessel with Good Faith and then I came in to do the Survey. I know of at least two instances that the Sale Price was Reduced because of Deficiencies with the Vessel, these Sales both worked out to the advantage of the Buyer because the items were "hidden" until the vessel was Surveyed.

12-22-2009, 05:05 PM	#24
prairieschooner Senior Member Join Date: Jun 2009 Location: Idyllwild, CA Posts: 1,340	This is most likely the decision of the Agent selling the Coach and not the Bank although I cannot be sure. I have been involved with numerous Bank Owned Sales in Boats. The Broker always says that this is an "as is sale" but it is always subject to a Survey of the vessel. The Bid is put on the vessel with Good Faith and then I came in to do the Survey. I know of at least two instances that the Sale Price was Reduced because of Deficiencies with the Vessel, these Sales both worked out to the advantage of the Buyer because the items were "hidden" until the vessel was Surveyed. __________________ have Coach will Travel Steve & Tricia 1982 Newell 38' (built before #1) 6V92 DD, 5 Speed Allison, 12.5 KW Kohler, Couch used to make into a Bed but I fixed it! https://newellshowcase.com/thumbnails.php?album=214 2007 Yukon, 1981 CJ7 Laredo, 2002 Honda CRV, 1955 Thunderbird, 1952 Pontiac Sedan Delivery, 1952 Ford 8N, 1958 Airstream, 1959 Glasspar 16' Avalon, Cabin in the Woods........what will I work on next [SIGPIC][/SIGPIC]