Tag Archives: bankruptcy and foreclosure

Marina Listings on the Rise

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According to the U.S. Census Bureau, in 1999 there were 8,200 U.S. marinas. The National Marine Manufacturers Association (NMMA) estimated that in 2002 there were 12,000 marinas, boatyards, yacht clubs, dockominiums, parks, and related facilities (note that this higher number includes properties that are technically not marinas, although they are maritime related).  No new studies.
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Marina Foreclosures Increasing

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I am inundated with foreclosure calls from both sides of the fence.  Owners are calling asking us for advice when the notice of default comes and lenders are calling just as they send these notices out.  After years of very easy lending practices, many marinas are in trouble.  This is especially true for marinas that.
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