VERY INTERESTING READ FOR YACHT OR SPORT FISH BUYERS:
The banking system in the United States has hundreds of yachts and sport fish that the owners are not making payments on their loan. Lawyers, captains, insurance, dockage, and caretaking have made the repossession of these vessels very expensive. In the past few years banks have stopped recovery of such vessels unless the insurance lapses. Then the bank will move to reposess.
Crystal Seas Ship & Yacht will search for a qualified yacht from these foreclosures. Most only have to have a buyer at some greatly reduced acceptable price to pick the vessel from the owner and sell to you.
These boat values start at near $1M USD. We do not have small vessels under 55 feet. This market as of 1/09 has over One Half Billion Dollars in high quality yachts and sport fish to purchase at truely low and heavily discounted prices. The bank only loans to well qualified buyers, who now have lost their credit worthyness.
Most of the boats are sport fish. Hatteras, Viking, Ocean, and others that have fallen on hard times. These boats are also listed on the internet for hundreds of thousands of dollars over what they can be purchased for.
Our business is VERY confidential. Crystal Seas Ship & Yacht does not publish a list, place boats on a yacht selling service, or offer promises we cannot keep. We know the vessels, the bank and the owners who are in trouble with their loans. Confidentiality is paramount.
Each buyer shall sign non-disclosure and non-circumvent agreements.
You must have your own financing or cash to purchase. Upon contacting the bank, we will make a cash offer and close in 7 days. After a survey has been performed for insurance purposes, the closing is "as is, where is" type offer.
These boats are in good condition or we do not handle them, some are even spectacular. Also, they are million dollar investments that the owner does not know he is loosing in a few hours so very little can be done to damage or hide the vessel.
If you have questions on how the law and banks will handle the sale, please email us at this service.
Please highlight and copy the following lines and include them in your email with questions and/or answers.
_______________ ____________ ____________ __________ __________ __________
Your Name or Buyer ID:________________________________________________________
Phone:__________________________ Fax: _______________________________________
Bank Name if Financing: _______________________________________________________
Amount of Deposit you wish to use as precentage of purchase price:
(20% Minimum) $___________ Cash or Credit purchase* _______________
The type of vessel you wish to acquire: ___________________________________________
Approximate size: (55' or 18 meters min.) ___________ to ___________ Ft./meters
How soon do you wish to purchase: _________________
Do you required delivery, shipping, or storage in North America?
Are you personally going to be viewing the vessel to be purchased?**
A.) I want the best deal that is available up to $_________________.
B.) I want a sport fish vessel up to $ __________________________ in price.
C.) I want a motor yacht up to $ _____________________________ in price.
All funds transfered to the bank are escrowed and refundable, provided the buyer does not accept the vessel. Once the buyer accepts the vessel, terms and conditions of the sale, you must close in the time line given to the bank or your deposit may be lost. Please ready your funds before making a commitment to purchase.
*All funds must be liquid and clear the USA bank prior to ownership.
**Anyone associated with the buyer must be covered by the non-disclosure, non-circumvent agreements.
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