Saturday, October 20, 2012

Estaleiro do Ouro
(The Secured Loan, 5 of 5)

(continued from here)

However, at the foreclosure sale, no one bidded for the boat, since the bank had forgot to put mortgage on the fishing permit. There was simply no one interested in buying a boat without a fishing permit.

And so the boat never returned to sea and ended up rotting in Afurada. Some time later Goa even sold the fishing permit for $200,000.00 which allowed him to buy another boat and another motor.

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