What To Do- Assisted Care Facility and Motor Home.

[Sgeorge]

Unfortunately we have reached the point where my father needs to be placed in an assisted care facility. He’s had a wonderful time full timing in his RV for the past 16 years. Many great memories for him over those years, the issue is what to do with his RV? He cannot afford both the care facility and the Motor Home payment. He is upside down on his loan about $10,000.00 – $12,000.00 depending on what source is used for the value. We are looking for advice from people who might have been through this with their families. We are in no position to take on his loan payment (son’s college tuition) nor do I want the Motor Home. Obviously selling it for the payoff is not going to be possible. Giving it back to the bank has come up in conversation, but we are concerned about possible fiscal and legal ramifications.
Any suggestions/advice would be much appreciated.

[Mandalay_Parr]

You can always just sell it and pay the lender off out of your pocket.

[pianotuna]

Hi,

We are not able to give you reliable advice. It would depend partly on where you live.

[CA_Traveler]

It's certainly OK to get opinions on these boards and they may help you to better understand the options. But then you need professional advice.

[CA_Traveler]

Apparently he has limited assets. It might be feasible to give the keys to the bank and walk away, but I'd certainly get professional advice. There could be a number of ramifications including any assets when he dies. Possibly they could attach his income and force him into a different facility.

Find out his options and then let the bank know. They may be flexible and not want to own the MH. But they may drag their feet. He may also be responsible for continuing expenses until it is sold. ie In Arizona banks do not change the title on a foreclosed home. Therefore all maintenance, taxes, etc remain the responsibility of the home owner. Some of these will never be paid by the bank.

[nelson]

You might want to contact a lawyer to get solid information on this, There a re a few options.

[2oldman]

Have you heard of Escapees RV club? They have a care facility in Livingston TX (called CARE) where you can stay in your RV and get nursing care. I do not know if they can take care of your father's particular needs, but it might be worth a try.