Bernie Madoffs 55 foot yacht is one of thousands of seized boats youll find on the auction block this year but for now its making a splash thanks to its infamous former owner.

Repossessed yachts for sale europe. View the latest used and repo or repossessed boats and yachts for sale by make and model for amazing savings. Another auction source received a Bank Owned Repo Cuddy 06 Stingray 240 CS with only 68 hours in mint condition that SOLD at an absolute NO-Reserve auction for 22490. YACHTS INVEST develops its repossessed yachts and distressed boats program mainly in Europe and works with various European Banks and other Financial Institutions.

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For knowledgeable yachtsmen these are often excellent deals to purchase a yacht. The SEVENTY 8 the new flagship is making her grand entrance at Lagoon. After a boat is repossessed the lender will sell the boat by some means to recoup a part of its investment in the boat.

This usually happens when the owner places the boat as a security to secure loans but then fails to meet the obligation and is in default of the agreement. This is achieved by our global reach in combination with the expertise of the yacht broker. All the works of two-year project were carried out.

4850m 15912ft 11. Use the search filter to find used motor boats sailing boats catamarans rafts and used yachts. Bargain 44m Trideck yacht by Tecnomar 63million now reduced by 60.