DETROIT, May 13 (UPI) -- Sales of smaller boats are picking up while the number of foreclosures are increasing on boats 40 feet and longer, say repo men in Michigan. About 1,000 Michigan boats are ...

Since Bob and I bought an existing repo company based in Florida in 2005, we've repossessed 2,000 boats and sold off more than half of them, ranging from a $1,000 1975 Trojan 32' to a $20 million ...

At National Liquidators, marine-repossession orders jumped from 2,136 in 2007 to 3,372 in 2008—and during one week in February when a NEWSWEEK reporter rode shotgun with a boat repo team, the ...

Boat loans, like car loans, give the bank permission to recover its collateral in the case of default, which explains why a repo man can go into a yard without technically trespassing.