1984 Mooney M20J SPECIAL EDITION AUCTION

[Jerry Pressley]

ON 23 NOVEMBER at  9:00 am at front door of the courthouse, Hamblen co. 511 West Second North St. Morristown, tn.  a 1984 Mooney Special Edition will be sold to the highest bidder.   The beginning bid of $26,000 to satisfy mechanics lien.  The Special edition has the Articulating seats and the rear seats remove to form a full floor in the rear along with others.   king equipped, autopilot etc.   Will fly away with ferry permit but will need  annual. Call 423 231 3491 with questions on the plane and auction.

[Amos Greene]

It looks like this m20 has been damaged. Do you have any information on this particular Mooney.  

[carusoam]

Welcome aboard Amos.

I’ll let @Jerry Pressley know you are asking...

Best regards,

-a-

[Jerry Pressley]

yes  had a ding in the lh wing where the two skins overlap.  has been repaired but needs an annual and possibly paint.  flew from long island to ky then morristown tn. 

photos show damage and ready to ferry  wing repaired now   owner won.t pay

[neilpilot]

Presumably, other than ferry to maintenance this aircraft hasn't flown in over 4 years.  Suspect last annual was July 2015.https://www.aircraft.com/aircraft/166494901/n5783d-1985-mooney-m20j-201

 

Could be that the windsock that it hit is in better shape.

http://www.kathrynsreport.com/2016/01/mooney-m20j-201-n5783d-incident.html

[Jerry Pressley]

Looks like no activity as only listed on here so think it will go cheap.

[kortopates]

It is being sold with the log books, or without the logs and cooperation of the 3 owners?

Looks like original interior and mostly original avionics and engine at  around TBO and probably not Ads-B out equipped yet. 

Kinda looks like its still a long ways away from a full resurrection after sitting all those years.  

Edited November 14, 2020 by kortopates

[Captnmack]

Buy for $30-35k because it will get bid up, spend another $40-50k getting it right and you will be close to what they are selling for basically. On the other hand might get lucky.....

[Cruiser]

Is the wing repair signed off and approved in the logbooks or is an approval still required ? 

[Mcstealth]

Log books are with the plane.  It is unclear if the repairs have been signed off or not. The lienholder is now Bank of America not any of the previous owners.  She is available for preview.

Edited November 18, 2020 by Mcstealth

[Jerry Pressley]

On 11/14/2020 at 6:34 PM, kortopates said:

It is being sold with the log books, or without the logs and cooperation of the 3 owners?

Looks like original interior and mostly original avionics and engine at  around TBO and probably not Ads-B out equipped yet. 

Kinda looks like its still a long ways away from a full resurrection after sitting all those years.  

what would the former owners have to do with buying at mechanics lien auction?

 

[kortopates]

3 hours ago, Jerry Pressley said:

what would the former owners have to do with buying at mechanics lien auction?

 

Often when planes are repossessed by the bank, do to the circumstances, the plane gets auctioned without logbooks.   @Mcstealth answered the question though if they were available. 

Edited November 19, 2020 by kortopates

[Mcstealth]

4 hours ago, Jerry Pressley said:

what would the former owners have to do with buying at mechanics lien auction?

 

Proper lien releases so title is clear. Will need both mechanical lien, and financial liens released for auction sale to be complete. 

[Jerry Pressley]

the auction clears all prior liens and former owners.  lots of preparations before auction.   escrow not released to lien holder until all paperwork completed. 

you can bid on phone if you get setup by calling 423 231 3491 before sunday evening. 

jerry pressley

[wcb]

If someone was considering experimental this might make a great bird instead.  Take this one on the cheap go through it and rebuild it top to bottom.  Big assumptions you are an A&P or can work closely with one that can sign off and then there is the whole potential corrosion issue.

[Captnmack]

Jerry, Have you seen this plane in person? If so, any corrosion?

 

Mack

[wcb]

I think Jerry might be the mechanic with the mechanics lien which is why he may want to see it sold (which is all good the plane needs to be sold and some tlc)

[Jerry Pressley]

its in my hangar at kmor

[Jerry Pressley]

auction this morning at 9 am   to bid text me at 423 231 3491  jerry

[vorlon1]

How did it go?

[Jerry Pressley]

went very well.  lots of action and sold.

[Hank]

8 hours ago, Jerry Pressley said:

went very well.  lots of action and sold.

Did you recommend the new owner visit us here for an introduction?

[Jerry Pressley]

he is here

[INA201]

How much, inquiring minds? 

[Captnmack]

4 hours ago, INA201 said:

How much, inquiring minds? 

Too much!