Paldies
Newbie
My recently deceased father left a 1985 48' Hershine trawler in a slip in Mexico. The boat itself hasn't had routine maintenance done in at least two years (no cleaning fuel tank, cleaning hull, painting, etc.). I haven't flown down to see the boat but do have some photos (exterior | interior)
1985 Perkins6-354TI 420HP Diesel engine
There are several problems for me in this situation:
1. Father owes $20k+ in back rent to marina
2. Boat is in Mexico
3. Delayed maintenance for several years - see exterior photos
4. Inside of boat has stuff everywhere (hoarder/clothing strewn about/unwashed dishes/toilets haven't been pumped) - see interior photos
5. Unknown mechanical condition as it hasn't been out of the marina in years and don't know when it was last fired up.
Marina wants us to sign a waiver of interest basically giving them the boat, which they will sell for a settlement amount of what is owed to them.
I don't know what to do. It's a very unfortunate situation and I'm trying to make the best of it and move forward. It looks like a very nice boat in many ways and not really a "project boat" although it looks like it will be a project.
I've considered flying down, cleaning it out, getting a survey and having the proper maintenance and repairs done, then selling it. I just don't know if it'll be worth my time and money at the end of the day. I've seen similarly sized Hershine vessels selling for $75k - $125k, so it seems like there's potential for value, I just don't know what that is.
I'm looking for advice on what to do: sell it, run away, keep it. Your advice and thoughts are appreciated.
1985 Perkins6-354TI 420HP Diesel engine
There are several problems for me in this situation:
1. Father owes $20k+ in back rent to marina
2. Boat is in Mexico
3. Delayed maintenance for several years - see exterior photos
4. Inside of boat has stuff everywhere (hoarder/clothing strewn about/unwashed dishes/toilets haven't been pumped) - see interior photos
5. Unknown mechanical condition as it hasn't been out of the marina in years and don't know when it was last fired up.
Marina wants us to sign a waiver of interest basically giving them the boat, which they will sell for a settlement amount of what is owed to them.
I don't know what to do. It's a very unfortunate situation and I'm trying to make the best of it and move forward. It looks like a very nice boat in many ways and not really a "project boat" although it looks like it will be a project.
I've considered flying down, cleaning it out, getting a survey and having the proper maintenance and repairs done, then selling it. I just don't know if it'll be worth my time and money at the end of the day. I've seen similarly sized Hershine vessels selling for $75k - $125k, so it seems like there's potential for value, I just don't know what that is.
I'm looking for advice on what to do: sell it, run away, keep it. Your advice and thoughts are appreciated.