HARRISON TOWNSHIP, Mich. — So many people have so many things they can no longer afford. This is an excellent time to be a repo man.
When a boat owner defaults on his loan, the bank hires Jeff Henderson to seize its property. The former Army detective tracks the boat down in a backyard or a marina or a garage and hauls it to his storage area and later auctions it off. After nearly 20 years in the repossession business, Mr. Henderson has never been busier.
“I used to take the weak ones,” he said. Now I'm taking the whole herd."