Vessel Repossession

Vessel Repossession Image

How it works

Marine Asset Recovery works with numerous Marine Lending Institutions, Banks, Credit Unions, Private Equity Lenders, Insurance Companies, Maritime Attorneys and Federal Agencies such as U.S. Marshal's Service, DOJ, DEA, IRS. We are fully insured and certified in Marine Asset Recovery. We will locate your collateral, Repossess and Re market all while continually coordinating and updating our progress with you or your forwarding company. We can repossess any size vessel whether it be in water or on land, e.g. boat on trailer or on block repossessions with hydraulic trailer.

Our team at Marine Asset Recovery is made up of knowledgable Skiptracers, Licensed Private Investigators, Recovery Agents , Captains and Yacht brokers who have performed thousands of vessel repossessions nationally and internationally. We follow all banking and federal privacy acts, such as the The Gramm–Leach–Bliley Act, I.e. the Financial Services Modernization Act of 1999 , we are CFPB Compliant. You can trust us to be discrete , as we understand the repossession process should not be a made for TV episode.

Marine Asset Recovery is headquartered and licensed in Jupiter, Florida with coverage of FL ,GA, AL, MS the Bahamas and other International locations. From our satellite office in South Texas we cover TX, LA and Mexico. We also have a location in Wilmington, NC where we own a 20 acre Marina and Boatyard, with in and out of water storage and full service capabilities. From here we cover the States of SC, NC, VA, TN, KY. Our Grasonville, Maryland location handles MD, VA, DC, PA, DE, and our satellite office in Long Island NY covers NJ, NY, CT, RI, MA, ME and Canada.

Contact us at info@marineassetrecovery.com with any questions or to receive our repossession fee schedule.

Frequently asked questions

Why was my vessel repossessed?

You may have breached your loan contract by missing monthly payments or your vessels insurance may have lapsed.

What happened to my personal belongings?

We have completed a personal property inventory report and sent you a certified letter by mail if your vessel was repossessed in FL, otherwise you may receive notice by phone or email with instructions on how to retrieve your property.

Who should I contact first?

Please contact your lien holder before contacting us!

Where is my vessel located?

Your vessel is in one of our secure storage facilities.

What if my vessel was sold by my lien holder for less than my balance due?

Depending on your state laws, your lien holder may proceed with court proceedings to obtain a deficiency judgement against you.

Can I get my vessel back?

Unless your vessel was repossessed more than once, you may generally be able to make arrangements to redeem your vessel by paying your past due and any related repossession and storage fees.

Contact us today

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.