Underwater loan
I'm really red faced to even ask but if anyone has any ideas I'd be happy to hear. Like many seniors we bought a new Class A when retiring. Things were good back in 2001and we were full timing. Put a ...
Forum Discussion
TucsonJim wrote:loulou57 wrote:
Do you have any children that would be able to buy it from you for what is owing? Or could they take over the payments, keeping it in your name? Lorraine
Lorrine - She owe's $50,000 more than what it's worth. Having her children take over the payments or buy it from her would be saddling them with a motor home that costs $50K more than it's worth.
Plus it has been sitting for 3 years so it will need tires and batteries at the minimum along with who know what needs to be fixed before anyone can even use it. Tough deal, wish you good luck
