Boat Swamped - Should I walk away from the purchase?

[regex]

Hello there folks.

So, the Mrs and I have an agreed purchase price of a 2009 Beneteau Oceanis 40 in Marina Del Rey. In our due diligence, we found that in 2016 the boat was swamped due to a run aground in Santa Monica Bay. I don't have the full details yet, but I went to "The Boat Yard" in MDR today with my agent and we got permission to look at the entire invoice by the selling party. I spoke with one of the heads of the MDR boatyard and he, of course, stands by his work and I hear very, very good things about the workmanship of this yard so that is a good starting point.

Needless to say, my first response in learning this info was "Oh, F****. This could be a showstopper"

Details as I know them:

• Event happened in October of 2016
• Boat took on water (swamped) and was emergency towed back to MDR boat yard
• I was told the run aground happened rudder first (aft end)
• Removed the mast
• Removed the prop, shaft, coupling, and seal
• Replaced bearings and shaft seals
• Cut out a delamination section next to keel joint and laid new fiberglass
• Repaired rudder tube & rudder
• Replaced nearly every electrical component on the entire boat
• New wiring throughout, new refrigeration compressors, modules, & fans.
• Replaced electrical panel, transom plates
• New electrical panel & transom covers
• Replaced inverter/charger, stereo, AIS system, and replaced all damaged electrical connections (all fuses, breakers, junction boxes, etc.)
• All new raymarine rewiring for GPS/Plotter/Radar
• Replaced all the batteries, batt charger, etc.
• Fabricated 2 new customer mattresses
• Replaced starter motor and alternator
• Replaced water heater
• Repaired steering system
• New bottom paint (2 coats)
• New spinnaker halyard
• Replaced motor mounts & aligned engine
• Repaired gel coat at the helm
• New microwave
• Serviced winches
• Sand and applied sepmco coating at teak in cockpit

Ok, that's the gist. So clearly as our first major boat purchase we are already pretty sketchy about the whole thing. Now having learned that the boat was swamped at some point puts us even more on edge.

Current thoughts from the two of us:

1. Could be a blessing in disguise, she's a 10yr old boat but has had many components replaced only 3 years ago.
2. It was done 3 years ago if there were additional problems from the swamping they would have surfaced already (no additional work orders at the boatyard, I checked). One would hope anyway...
3. However, there could be "sleeper cell" kinds of issues that would show up later. Clearly, the motor was in salt water for a time and salt is horrible on everything but they only replaced the mounts and the starter/alternator? Concerning.
4. Lastly, and maybe worst of all - This ugly history is going to haunt her, her entire life. If we decide to sell her, in full disclosure I legally have to tell the buying party that this happened even though I had nothing to do with it and it might make her MUCH harder to sell.

The boat is beautiful, very well taken care of and certainly loved and yes, you can tell she "calls to us" so our heart wants to move forward but my stupid technical sailing head keeps getting in the way.

Status: We are currently prior to Survey, Sea Trial and Haul-out. If we move forward I fully intend to tell my mechanical surveyor that this happened and to get "clinical" during his evaluation and diagnosis.

All of this said we got what looks to be a good deal. I guess now we know why.

OK. So. What say you salty-sailors & cruisers? Would you walk? Would you pay for the survey/haul-out etc?

Has anyone bought a boat (or had a run aground event) that had this kind of issue and did the MDR boatyard work on it? Were you satisfied with the work?

This is foreign territory for us so any advice would be greatly welcomed.

Thanks everyone, much appreciated.

- Shane