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Old July 20th 20, 03:01 PM posted to rec.aviation.soaring
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Default Looks like you can buy a piece of Seminole


What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?


Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt