(New York Times)So many people have so many things they can no longer afford. This is an excellent time to be a repo man. When a boat owner defaults on his loan, the bank hires Jeff Henderson to seize ...

Rough sailing for cash-strapped owners of boats means big business for a Ft. Lauderdale company. National Liquidators reeled in 3,066 vessels in 2008, the most in its 21 years of handling boat ...

In a bad economy, fun is often the first casualty. For James Hedrick, that means it's a busy time in his line of work. He's one of those dreaded repo men. He spends his days scanning megayachts, ...

Rough sailing for South Florida boat dealers means big business for a Fort Lauderdale company that takes boats from cash-strapped owners. National Liquidators had orders to reel in 3,066 vessels in ...

A Fort Lauderdale company that claims to be the biggest boat-repossession firm in the world has run into trouble for twice seizing the wrong vessel, once with the owners inside. Walter and Joann ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. It's the perfect hour for a leisurely cruise: late afternoon on a sunny ...

Harrison Marine Services Inc. is increasing its used boat brokerage business as the boat repossession market bottoms out. President Jeff Henderson launched Harrison Marine 25 years ago to provide ...

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 ...

In a bad economy, fun is often the first casualty. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. For James Hedrick, that means it's a busy time ...

Ken Cage repossesses high-end luxury assets like yachts and jets whose owners have failed to pay their loans. Since 2005, Cage's team has repossessed 2,000 boats, some of which are worth as much as ...