Can You Purchase Bank-Repossessed Motorhomes?

Can You Purchase Bank-Repossessed Motorhomes?

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.

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.