Comments on: I Surrender My Motor Home to the Bank http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/ For book lovers, seekers, health enthusiasts and thinkers Thu, 02 Feb 2012 04:45:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: billy http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-3083 billy Thu, 30 Jun 2011 03:08:19 +0000 http://openmindrequired.com/blog/?p=3#comment-3083 Dear Americans In 1980 I finally aquired all my airplane ratings and I started this venture at 16 years old. I finally got a job making 250.00 a week instructing. I flew seaplanes, freight, passengers and I couldn't get over the 250.00 a week mark. No matter what I tried to do I was still making 250. a week. I finally started working for an insurance company and did aviation part time. I was making a 1000.00 a week. In 2005 I started making over 200 grand a year. As soon as I was at the top of the ladder I fell right off. When I fell I fell hard. The crediters are ruthless. Nasty grams were flowing and repo papers were in the works, and yes I was served with repo papers. First they repoed my 54 foot boat and they tried to repo the rest of my toys. Somebody threw me a bone. All the repossessions stopped. In other words I do whatever I have to do to meet my obligations. If my pilot coworkers knew what I had done they would probably laugh me right out of the room. Pride doesn't pay the billso. I'm not saying work at a burger joint. My experience is buy tks don't give up your stuff without a fight, and I mean a hard fight. Repossessions are forever. A little prayer won't hurt either. I am a living testimony to it. There are undesirable jobs out there that pay 10,000.00 a month. In closing hold your head up and fight. Half the country is in the same boat you are in. Dear Americans
In 1980 I finally aquired all my airplane ratings and I started this venture at 16 years old. I finally got a job making 250.00 a week instructing. I flew seaplanes, freight, passengers and I couldn’t get over the 250.00 a week mark. No matter what I tried to do I was still making 250. a week. I finally started working for an insurance company and did aviation part time. I was making a 1000.00 a week. In 2005 I started making over 200 grand a year. As soon as I was at the top of the ladder I fell right off. When I fell I fell hard. The crediters are ruthless. Nasty grams were flowing and repo papers were in the works, and yes I was served with repo papers. First they repoed my 54 foot boat and they tried to repo the rest of my toys. Somebody threw me a bone. All the repossessions stopped. In other words I do whatever I have to do to meet my obligations. If my pilot coworkers knew what I had done they would probably laugh me right out of the room. Pride doesn’t pay the billso. I’m not saying work at a burger joint. My experience is buy tks don’t give up your stuff without a fight, and I mean a hard fight. Repossessions are forever. A little prayer won’t hurt either. I am a living testimony to it. There are undesirable jobs out there that pay 10,000.00 a month. In closing hold your head up and fight. Half the country is in the same boat you are in.

]]> By: Joanne http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2922 Joanne Tue, 03 Aug 2010 01:26:33 +0000 http://openmindrequired.com/blog/?p=3#comment-2922 Geri, if you give the motor home back, they will auction it off, subtract the money they make plus expenses, and then send you a bill. If you do not respond to the bill, you have basically confirmed the debt. If you do respond, you can deny the debt and ask them to show proof of the contract. They can sue you in court for the amount. You can go to court and ask for proof of the contract. Under the rules of evidence, they must show an authenticated contract, and you can deny the authentication unless they can show the original contract with your original signature. Since this contract was sold off, they cannot show it. But there are other rules that can come into play. If they sue you in court and you do not show, they win by default. I do not know if they can put a lien on your property. If you decide to go to court and challenge the debt (because legally you were not fully informed, there was no meeting of the minds, your rights were not explained, etc., therefore it's not really a valid contract), I suggest you educate yourself on the laws and how to represent yourself in court. www.citizensreformcenter.com is a good place to learn how to do that. Good luck. Geri, if you give the motor home back, they will auction it off, subtract the money they make plus expenses, and then send you a bill. If you do not respond to the bill, you have basically confirmed the debt. If you do respond, you can deny the debt and ask them to show proof of the contract.

They can sue you in court for the amount. You can go to court and ask for proof of the contract. Under the rules of evidence, they must show an authenticated contract, and you can deny the authentication unless they can show the original contract with your original signature. Since this contract was sold off, they cannot show it. But there are other rules that can come into play. If they sue you in court and you do not show, they win by default. I do not know if they can put a lien on your property.

If you decide to go to court and challenge the debt (because legally you were not fully informed, there was no meeting of the minds, your rights were not explained, etc., therefore it’s not really a valid contract), I suggest you educate yourself on the laws and how to represent yourself in court. http://www.citizensreformcenter.com is a good place to learn how to do that.

Good luck.

]]> By: Geri http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2919 Geri Mon, 02 Aug 2010 22:17:00 +0000 http://openmindrequired.com/blog/?p=3#comment-2919 I am paying on a 2007 22ft $31,000 balance . If I let it go back to the Bank, will they put a lean on my home?I do not want to file bankruptsy. Any answers will be appreciated. Thank's Geri I am paying on a 2007 22ft $31,000 balance . If I let it go back to the Bank, will they put a lean on my home?I do not want to file bankruptsy.
Any answers will be appreciated.

Thank’s
Geri

]]> By: Geri Chandler http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2918 Geri Chandler Mon, 02 Aug 2010 22:10:13 +0000 http://openmindrequired.com/blog/?p=3#comment-2918 I to have the same problem with a 2007 Winnie 22ft. Balance $31,000 My question is--if I let the Motor Home go back, I am worried about my name on my home. Can they go after my property. It is not paid for.Any help will be appreciated. i realize ( assets) are a lot of things, but not knowing about my home. Thanks in advance Geri I to have the same problem with a 2007 Winnie 22ft. Balance $31,000
My question is–if I let the Motor Home go back, I am worried about my name on my home. Can they go after my property. It is not paid for.Any help will be appreciated. i realize ( assets) are a lot of things, but not knowing about my home.

Thanks in advance
Geri

]]> By: Lisa http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2910 Lisa Sat, 15 May 2010 21:01:11 +0000 http://openmindrequired.com/blog/?p=3#comment-2910 Just ran across your website looking to sell my motorhome. We share similar interests like alot of people bought our motorhome with good intentions to travel and enjoy our kids. We have done that over the past few years but now would like to sell it because of job changes and our kids are now headed to college. We have it listed with several online companies but nothing yet. Called Bank of America and had no help with them....we owe more than the motorhome is worth. We have a 2007 Fleetwood Revolution LE...full body slide. I am concerned what to do with it because we really don't have the money to continue to make the payments. I would love to come up with an idea to get rid of this financial burden. Just ran across your website looking to sell my motorhome. We share similar interests like alot of people bought our motorhome with good intentions to travel and enjoy our kids. We have done that over the past few years but now would like to sell it because of job changes and our kids are now headed to college. We have it listed with several online companies but nothing yet. Called Bank of America and had no help with them….we owe more than the motorhome is worth. We have a 2007 Fleetwood Revolution LE…full body slide. I am concerned what to do with it because we really don’t have the money to continue to make the payments. I would love to come up with an idea to get rid of this financial burden.

]]> By: Joanne http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2908 Joanne Sat, 08 May 2010 15:50:03 +0000 http://openmindrequired.com/blog/?p=3#comment-2908 Thanks, Darryl. I ended up losing the motorhome, car, and house and moving across the country. But I'm doing something pretty exciting now, and I'll get it all back. Thanks, Darryl. I ended up losing the motorhome, car, and house and moving across the country. But I’m doing something pretty exciting now, and I’ll get it all back.

]]> By: Darryl http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2907 Darryl Sat, 08 May 2010 15:18:09 +0000 http://openmindrequired.com/blog/?p=3#comment-2907 Hi Joanne i am sorry to hear about your loss of your motorhome and we all know about hard times i am very lucky to live in Australia so haven't suffered to much but ive lost 2 houses when my ex partners left me as in Australia they only look after females and they dont even have to live with you to take your house .some only been with for a month and they take the lot leaving me homeless and they get to keep there house as well anyway hope to travel one day too Hi Joanne i am sorry to hear about your loss of your motorhome and we all know about hard times i am very lucky to live in Australia so haven’t suffered to much but ive lost 2 houses when my ex partners left me as in Australia they only look after females and they dont even have to live with you to take your house .some only been with for a month and they take the lot leaving me homeless and they get to keep there house as well anyway hope to travel one day too

]]> By: Joanne http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2896 Joanne Sat, 06 Mar 2010 19:03:48 +0000 http://openmindrequired.com/blog/?p=3#comment-2896 You can find the articles by clicking on the archive link and then scrolling down to topics. They're under finance. But they're just three articles on crappy advice from self-serving attorneys. Nothing really useful except what to watch out for when interviewing them. My memory's a little hazy, but I think if you file a chapter 13 (the chapter that allows you to repay over time), that you can surrender the motor home without having to pay anything else for it. Or you could reaffirm the loan and pay only for its current resale value. I won't know if they can come after you without the title. It doesn't seem legally possible. Definitely see an attorney about that. Just bear in mind that bankruptcy attorneys only make money by helping you with bankruptcy, just like doctors only make money when you're sick. You can find the articles by clicking on the archive link and then scrolling down to topics. They’re under finance. But they’re just three articles on crappy advice from self-serving attorneys. Nothing really useful except what to watch out for when interviewing them.

My memory’s a little hazy, but I think if you file a chapter 13 (the chapter that allows you to repay over time), that you can surrender the motor home without having to pay anything else for it. Or you could reaffirm the loan and pay only for its current resale value.

I won’t know if they can come after you without the title. It doesn’t seem legally possible. Definitely see an attorney about that.

Just bear in mind that bankruptcy attorneys only make money by helping you with bankruptcy, just like doctors only make money when you’re sick.

]]> By: Deborah http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2895 Deborah Sat, 06 Mar 2010 17:14:09 +0000 http://openmindrequired.com/blog/?p=3#comment-2895 Hi JoAnne, Where can I find your aricles on bankruotcy lawyers? We also have a motor home and since the economy is so bad w are thinkng of sending it back, however like you we wil be sued for the difference and ours is over $400,000. But we have a lear title to the MH, not the finance company. The finance companys sold several times and messed up and never got the title. So I was wonderng do you know if they can come get the MH without any paperwork or a title. The clear title is in our name. I hat to e dishonest and we have tried to work with the,but as you are aware they will sell it for nothing and sue us for the difference. Any suggestions??? Thanks Hi JoAnne, Where can I find your aricles on bankruotcy lawyers? We also have a motor home and since the economy is so bad w are thinkng of sending it back, however like you we wil be sued for the difference and ours is over $400,000. But we have a lear title to the MH, not the finance company. The finance companys sold several times and messed up and never got the title. So I was wonderng do you know if they can come get the MH without any paperwork or a title. The clear title is in our name. I hat to e dishonest and we have tried to work with the,but as you are aware they will sell it for nothing and sue us for the difference. Any suggestions??? Thanks

]]> By: Joanne http://openmindrequired.com/blog/2008/05/i-surrender-my-motor-home-to-the-bank/comment-page-1/#comment-2026 Joanne Wed, 20 May 2009 19:34:16 +0000 http://openmindrequired.com/blog/?p=3#comment-2026 I so wanted to do RVing full time, but I've had nothing but bad luck with RVs. Someday I may write an article on my experiences. I envy you. I so wanted to do RVing full time, but I’ve had nothing but bad luck with RVs. Someday I may write an article on my experiences. I envy you.

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