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RV repo (our only income now is social security)

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  • RV repo (our only income now is social security)

    Oregon live in an RV full time it is 6 yrs old & we are upside down on it. We owe $240,000 for it & its worth is $150,000. Our paymts are eating us alive, because of finanual problems cannot afford to keep it up. Our only income now is social security & if we walk away from it, can they touch our SS? Also we are a 3rd. party owner in a piece of property, can they put a lien on that? We are struggling to keep this but sinking fast. Paymts are $2256 a mos.

  • #2
    re: RV repo (our only income now is social security)

    It's 6 years old and you owe a whopping $240,000? How much did it cost new? I can't even imagine.

    Paying that much money for something on wheels that could, quite literally be destroyed and totaled one minute after driving it off the RV lot, is foolhardy.

    Have you considered selling it?

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