Are Mexican yards a good deal for restoring my force50

[froggman180]

I currently own two boats, a kendall 32 and a harden force50. The force 50 I inherited from my parents. Its an awsome boat,with classic lines, great for a livaboard or family cruising. The problem is that I can't really afford to own two boats, and the 32 footer is just the right size for me. So I am looking to fix up the force 50 the most economical way I can, and then sell it. Are the mexican boat yards a good deal? If so which yards are best? I am also wondering if I can take a loan out on the boat to have the work done. What banks do this? The boat was taken apart for restoration, They varnished alot of the cabinatry and bought a lot of new parts including a new engine(installed and running), but they got ill and passed away, never finishing their dream. The boat has been sitting for a little while now.
If I can't find an affordable/trustworthy yard, I think I'll sell it for around $60k, that seems to be a decent price, right?
Any input will help,
Thanks,
Duane.

[capt lar]

most of my west coast friends do not trust the mexican yards. lots of bad stories. a few think they got a deal - time will tell - but they all say you have to supervise the work. i happen to think from personal experience the southern cal yards and brokers and marinas are all too slick for a simple boy from maine. many go south to try and do better than the beating they took locally.

you can certainly get a mortgage on a boat if title is clear - but i would not mention the mexico plan. honestly - try to sell her "where is / as is" and skip the risk. capt. lar