repossession of RV
My husband just died and I cannot afford to pay the RV. If I stop paying and vehicle is repossessed(balance is $117,000), will I still be responsible for the debt? Can the bank come after me and sue me for balance of debt? I am 68 years old. Thank you.
1 Answer from Attorneys
Re: repossession of RV
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Without viewing the paperwork involved in the loan process it is impossible to answer fully. A simple response would be if you signed for the loan, then you can be held responsible for the debt. If you did not sign, then you will not be responsible. Of course, your husband's estate will be responsible of which the RV will be part. The lender can repossess the RV if the loan is not paid.
Scott R. Jay, Esq.