Recreational Vehicle Short Sales
I am estimating I am upside down $30-40k in a 2004 RV with low miles. I have about $30k in CC debt. I own no home. I have good credit and have never been late on rv payment.
Will they consider a short sale if I have a bit of a nest egg in my SEP account? It is my only retirment.
——-
Hi Jen,
A creditor will consider a short sale when the debtor has retirement funds. We typically write ‘survives bankruptcy’ instead of listing an actual dollar amount on the financial statement.
Read: Short Sale & Retirement Accounts
Thanks for the questions and hope this helps.
Paul
This entire site is free.
