[hwatson1]

After losing her husband of more than 50 years, my 75 year old aunt is suddenly faced with being solely responsible for an RV loan taken out in both their names. She is also suddenly faced with having more than 50% of her limited fixed income going toward the $720 monthly payment. We desperately want to sell the RV ASAP, but with a book value of approx. $95k, and a loan payoff of $125K, we know it will be difficult.
We are seeking any advice, recommendations or options to consider including the loan default and reposession process, that may help us find the best way to relieve my aunt of this tremendous financial burden.

Thanks in advance,

Harold from Georgia.

[Betty3]

If she defaults on payments on the vehicle & the creditor takes repossession - she will still owe the balance between what they can sell it for & what she still owed on it. If she doesn't pay the balance due, they can sue her in court & get a judgment against her. They can then seize all non-exempt assets in her state to satisfy the judgment.