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  1. #1

    Unhappy How to Dispose of a Trailer with Loan Past the Statute of Limitations

    My question involves collection proceedings in the State of: California

    I defaulted on a loan for a travel trailer when I lost my job 9 years ago. The loan is now past the statute of limitations but I still have the trailer. The trailer was also vandalized and is not usable. The loan has been written off and I am still storing it at $100 per month. My wife & I are barely making it month by month and are being garnished by the IRS for back taxes in excess of $10,000. I am at a loss as to what to do with the trailer, we cannot sell it as we don't have the registration and I can't go on storing it but I can't afford to pay off the debt either. I don't even know at this point who it is registered to as the DMV stopped sending registration renewals. Can you please help us?

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: How to Dispose of a Trailer with Loan Past the Statute of Limitations

    Call around to wrecking and salvage yards. Offer it free if they haul it away.

    If that doesn't work, the only other thing I can think of is dismantling it and hauling the pieces to the dump.

    You'll probably have to hire somebody to cut the steel frame into smaller pieces if you can't do it yourself.

  3. #3

    Default Re: How to Dispose of a Trailer with Loan Past the Statute of Limitations

    Thank you, I have wrestled with what to do, I have always been honorable with my debts but at this point, we are so under water I just want to move on and this will allow that. So the wrecking yard can take it without title?

  4. #4
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: How to Dispose of a Trailer with Loan Past the Statute of Limitations

    Quote Quoting Gardendesigner
    View Post
    So the wrecking yard can take it without title?
    Some might, if they are a bit shady. That's why you have call all of them until you find one that will.

  5. #5

    Default Re: How to Dispose of a Trailer with Loan Past the Statute of Limitations

    I've done some research and found the last registration which still shows the original bank where we got the loan as the lienholder. I found a company through a salvage yard search that will take it as a donation but they said they need a junk receipt first. My question is should I contact the bank and see if they will release the title so I can donate it? or am I opening a box I don't want to open? or should I just stick to finding a junk yard that will come take it away?? Sorry i'm full of so many questions.

    Thanks again for helping!

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