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RV-Dreams.com Home -> RV-Dreams Community Forum -> Buying An RV -> Paying my bills
Post Info TOPIC: Paying my bills
markanizer


RV-Dreams Community Member

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Paying my bills
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Has anyone ever lost their RV to a debt collector or judgement? 



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Markanizer
rjenkins


RV-Dreams Family Member

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I don't know how easy or hard it would be but it seems like it can and is being done. A quick google on 'rv foreclosures' brought up many websites that offer to the public foreclosed rv's:
http://motorhome-rv.org/rvforeclosure.aspx
Don't click on the 'questions' part of the website, it takes you no where but on the left hand side the links are working and it tells you all about it.

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Luvglass


RV-Dreams Family Member

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I would think that it would be considered like any other vehicle or posession and be subject to confiscation for non payment of debt.

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Fred Wishnie

Full time since Feb 06 in Carriage Cameo 35KS3 and Ford F350


“If all you ever do is all you’ve ever done, then all you’ll ever get is all you ever got.”
TxYellowRose


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One of our tenants had their Class A repo'd last month.

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Racerguy


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Basic economics,if you borrow money to buy it and don't pay you should lose it.

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RVing probably not a reality any more.It was a good time while it lasted.
markanizer


RV-Dreams Community Member

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I agree.  Never buy what you cannot pay for.  With a Motor Home, it may not be considered a permanent home.  And even if it was, a lien can be filed against real property too.

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Markanizer
thebearII


RV-Dreams Family Member

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Have seen many RVs lately advertised as repo or bank owned units. So it definitely will happen.

I imagine just like with houses, quite a few folks probably owe more now than what their RV is worth if sold. The RV business is suffering from the bubble burst just like the rest of the retail market.

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Larry
"Small House, Big Yard "
7 years to go to FT
Alfa See-Ya 5'er and 2007 Kodiak C4500 Monroe Pickup
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