What should an executor do about an upside-down RV repossession? | NC

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Q: What should an executor do when an estate asset like an RV is worth less than the loan and the lender is trying to repossess it? A: If the recreational vehicle is upside down—meaning the loan balance is more than the recreational vehicle is worth—an executor usually should not spend estate money to keep it unless keeping it clearly benefits the estate. Start by confirming the lender’s lien…