How to Buy a Motor Home or RV with a Short Sale An RV short sale occurs when an owner sells their RV for less than the amount they owe on it. Often the RV is facing repossession and the seller has been unable to sell it for more. A desperate seller with an RV on the market for awhile combines to create a really great deal for a lucky buyer.
How to Work Out a Short Sale RV
Once you have found a willing owner and tentatively agreed to a price, they will need to take the offer back to their lender to see if the lender will agree as well. Whether or not they approve an RV short sale depends on the lender and their policies, how much lower the selling price is than the amount remaining on the loan, and whether or not the seller has agreed to make up the difference.