myRVparks.com - A place for a family of friends. SignIn & SignUp
Bookmark Site | Help
All Here All Free
Home Campground Guide Members Free Classifieds RV Forums Campfire Chat Check Email Sign Up/Log In

Go Back   RV Forums - myRVparks.com > www.myRVplace.com > General Camping Forums
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 08-02-2008
monaco66 monaco66 is offline
Regular
 
Join Date: Aug 2008
Messages: 1
Default bank repo of RV

Any ideas on the best way to let the bank have my rv back since I can't afford the payments any longer now that I have been forced to retire. I still owe $122K and about 15 yrs of payments of $1058.00

The real question is what hassles can I expect to go thru if I were to do this and what can the bank take of my other possessions.

Has anybody out there experienced that yet?
Reply With Quote
  #2  
Old 08-02-2008
garynrosvi garynrosvi is offline
Adventurer
 
Join Date: Jul 2008
Messages: 33
Default Reply

Emailme at runningbowline@aol.com. I will reply in private.
Gary
Reply With Quote
  #3  
Old 08-08-2008
travelingmary travelingmary is offline
Explorer
 
Join Date: Mar 2007
Messages: 16
Default rv repo

Has anyone else let their motorhome get repossessed? I am just wondering how you could get out of a jam.
Reply With Quote
  #4  
Old 08-08-2008
chaznrobin chaznrobin is offline
Explorer
 
Join Date: Apr 2008
Messages: 26
Default

Several years ago I had some financial problems due to illness in the home. The mistake I made was NOT contacting my lending agency and trying to work out something we both coulkd live with. I told them to come and get it, which they did in the middle of the night. I had to discover who took it and had to make an appointment to retrieve my personal property. Between the damages done to the MH during the repo and the sale at auction, I still owed considerable for the MH. The damage to my credit report and the legal hassles over the remaining amount due was uncomfortable. They can not get anything from you except the MH and must bring suit in an attempt to get more ( my personal thoughts, not an attorny). Have you considered selling your MH for the amount you still owe and take the loss but keep your credit?
Reply With Quote
  #5  
Old 08-08-2008
travelingmary travelingmary is offline
Explorer
 
Join Date: Mar 2007
Messages: 16
Default rv repo

the problem being right now. Who wants to buy a motorhome. I'd love to be able to sell mine and walk away.
Reply With Quote
  #6  
Old 08-10-2008
sederjerry's Avatar
sederjerry sederjerry is offline
Explorer
 
Join Date: Jun 2007
Location: now advance nc
Messages: 17
Send a message via AIM to sederjerry Send a message via Yahoo to sederjerry
Talking your moterhome

what kind and how much
Reply With Quote
  #7  
Old 08-10-2008
travelingmary travelingmary is offline
Explorer
 
Join Date: Mar 2007
Messages: 16
Default motorhome

It's a 2004 Seabreeze lx. Mint condition for $72,000.00. I hate to sell it but, somehow the economy has won. Let me know if you'd like more info.
Reply With Quote
  #8  
Old 08-10-2008
garynrosvi garynrosvi is offline
Adventurer
 
Join Date: Jul 2008
Messages: 33
Unhappy Unhappy spouse

I always thought you could not do better (on a retired G.I.s income) than a Cat diesel on a Gillig chassis going through an Allison. Holiday Rambler made one in the early 90's on 38 and 40' Limiteds. Our caring for my wifes parents has about come to an end (her mom just passed and he is now 90) and I found a 40' Limited that had low milage and been cared for all the way back in Philidelphia (I am in OR.) We had one just like it when I worked for Holiday and we both loved it.

Well, long story short, I had a truck service center and a HR dealer give it a complete inspection and they gave it a clean bill of health. Only a few minor items that we could correct/upgrade. I flew back and drove it 3,000 miles home in six days. Now my bride had a new knee replaced and needs twin beds or an island bed. The 40' rig runs great with its 300 hp turbo Cat. Just had engine and transmission serviced.

I really hate to, but I need to get another rig with a couple slide outs, (one for the bed and easy access for her) even if it is smaller. Guess I need to find someone that wants my kind of rig and will work out some kind of trade. Do to limited funds, I'll probably have to keep what I have. Oh well, I will just dream about the new Prevosts and Newells...

Gary in OR
Serenity@myRVspace.com
Reply With Quote
  #9  
Old 08-12-2008
utmtman utmtman is offline
Full Timer
 
Join Date: Feb 2008
Location: USA
Messages: 544
Default

Believe me when I say collection agencys think they are gods and in some cases they will try to take you to court for everything you own. They cannot touch disability pensions such as SSD or DAV. But they can put a freeze on your accounts at banks and can try to take away from you anything of value they can sell to get the money owed once they repo and sell a rig or give it away leaving you paying what ever is still owed. Try to work out something with them and clean out your rig and take it to the nearest office for them once you have it worked out rather than letting them come get it. Good luck to you all.
__________________
Lee and Fran
Holiday Rambler Vacationer
While traveling down lifes paths, stop to smell the flowers.
Reply With Quote
  #10  
Old 08-18-2008
cb5300 cb5300 is offline
Adventurer
 
Join Date: Apr 2007
Location: Vinton, VA
Messages: 43
Default

What make, model and year is your motor home. Maybe some one could take over the payments.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:33 AM.


Copyright 2008 myRVparks.com

Contact Us | Privacy Statement | Alert Us | Terms | Affiliate Your Park or Campground | FAQs | Campgrounds