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Old 01-23-2014
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Derelict, abandoned and marina foreclosures

I'm looking for some input from others out there who found there bargain boats. Seeing on how my child support is nearing its end I'm ready to upgrade from my 24' trailerable to a 30 something in a slip. I have browsed the usual sites for years, craigslist, sailboat listings and etc. How is the best way to locate the derelict, abandoned and marina foreclosures? I'm not scared of a little labor to bring one back to its former glory.
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

Go to a decent sized coastal town and walk the back lots at the marinas.
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

ditto
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

This is the advice that I will be taking when I have done all my research and know what I am looking for. I expect to become a good surveyor of floating garbage before I find the boat that I can sail. I don't expect to find my dream boat that easy or fast.
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

Too bad you don’t live in California.



Salvaged Sailboats and Sailing Equipment Auction
property from the former site of Nelson’s Marine
Saturday, February 8, 2014, 1pm
Auction to be held onsite at:
Nelson Marine
1500 Ferry Point
Alameda, CA 94501
Preview:
Thursday, February 6, 10am - 4pm
Friday, February 7, 10am - 4pm
Day of sale, beginning at 10am
Over 20 years of maritime history to be liquidated by Michaan’s Auctions in Alameda by order of the City of Alameda. Property from the former Nelson Marine in Alameda. Approximately 50 vessels are on the block including motor yachts ranging in size from 70’ to 40’, sailboats ranging in size from 20’ to 45’, and various runabouts.
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

George,
Have you had a chance to look at any of the sailboats for this lien sale? Might be worth the trip.
Whenever I had gone to the lien sales in Berkeley, all the boats should have been scuttled; they were in such bad condition.
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Old 01-23-2014
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Re: Derelict, abandoned and marina foreclosures

Nelson's was a complete boat repair yard located on City of Alameda Property. They went well into arrears on their rent payments and Alameda seized the property. Boat owners had a limited time in which to recover their property last year. Anything left was seized. I just might drive by and look through the fence just for grins and giggles. My guess is anything left is in pretty bad shape. Compounding the problem is you would need to rent your own crane and trailer to move what you bought.
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Old 01-24-2014
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Re: Derelict, abandoned and marina foreclosures

When you walk through the marinas, you will see a lot of neglected boats. If you talk to the marina owners, you can get on their list for auction notifications.
BTW, nice site! Shackleford Banks is nice- your vid is going to have me singing Afternoon Delight all day!
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Old 01-24-2014
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Re: Derelict, abandoned and marina foreclosures

Wait for the next hurricane season, and then go where it hits. I saw so many great deals on sailboats, most with light damage, on the gulf coast after Katrina, it was amazing.

One example. I know someone who bought a Cape Dory 30, with nothing but cosmetic damage, for $7500 after Katrina, from an insurance company that had totaled it. I went on board the boat and was just amazed. I kept saying, "You only paid $7500 for this boat?"

$2000 would have had it looking brand new.

I saw that story duplicated over and over again.
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Old 01-24-2014
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Re: Derelict, abandoned and marina foreclosures

Quote:
Originally Posted by desert rat View Post
This is the advice that I will be taking when I have done all my research and know what I am looking for. I expect to become a good surveyor of floating garbage before I find the boat that I can sail. I don't expect to find my dream boat that easy or fast.
Rather than going into mental "figure it out" mode, go on Yachtword and search for the word "bank" and "repossessed". You'll get hits like this one, that probably needs $10k less work than a derelict (missing sails/soggy decks/dead engine/gas-stained interior/mold-eaten cushions/weak lines/"seafood buffet" bottom)... but for only $8,000, and you'll be on the water a lot quicker:

1982 O'Day Sloop Sail Boat For Sale - www.yachtworld.com

"This boat is owned by the bank. It's owner has passed away and left the vessel in its present disorganized state. The boats appears to all be there; sails, engine, and lots of gear but it needs to be organized and cleaned up. She is being sold "as is, where is" with no warranties of any kind. At the price of $8,000 (firm) she is a real bargain if you want to take her away. Please call if you want more information."



Regards,
Brad
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Last edited by Bene505; 01-24-2014 at 08:32 AM.
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