Can You Purchase Bank-Repossessed Motorhomes?


Quick Answer

Bank-repossessed motorhomes are available for purchasing, often at a price that is significantly lower than the retail value of the mobile home. A practical search method is to contact a bank or local lenders to find out where they resell or auction off their repossessions, according to Weekly Living.

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Full Answer

As with any secondhand purchase, discretion is necessary when selecting the vehicle. Strong odor or extreme wear may suggest that the motorhome was formerly a primary residence and is likely not a good deal, says Motorhome-RV. RVs that the owners used for leisure are more common and much more likely to undergo bank repossession, as they are an unnecessary expense.

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