Sheriffs, US Marshals or Bank sales

[Toy Soldier]

Does anyone have information about how to purchase aircraft, etc, through these sales?

 

[Rick1128]

They are no longer the good deals that they used to be. They now generally hold them on weekends, which tends to drive the prices up. If it is a sealed bid auction, which a majority of them are, they have appraizers value the aircraft. But they tend to be very high values for the aircraft. Little things like no logbooks, undocumented repairs, flights not recorded (not only by the criminal, but also the government users), unknown abuse, etc. Also they tend to sit for long periods of time before they are sold. So they tend to be a bucket of problems for the purchaser.

 

[C601]

Rick1128 is right about 1 year ago we bidded on a Repo'ed on a Gulfstream III, We made our bid and put down the required deposit. Only to really find out the aircraft was already sold to an aircraft dealer who had inside ties. Which is usualy the case for most types of aircraft. As for Banks if its a Aircraft thats got some value, they will keep and sell it thru some aircraft broker.

One of the best deals i heard about was on the AN-12 that was hijacked from Cuba to FL, some kid from CO bought it from a FBI/FEDS Marshal Sale for $6000, very airworthy and clean An-12 i might add and sold it for over $120,000 on E-bay lol

The book Value outside the US for this An-12 was aleast $800,000