I have a SUV that I owe 18,000 dollars on. It only blue books for 15,000. We’ve been to dealerships, nobody will let us trade it in because we have no down pymt and we are upside down on the pymt.
If we let the car go to repossession, they auction it, it doesnt bring the payoff, in what ways will they come after me for the remainder? Can they take my home?
We arent behind on it, we just can no longer afford it. We dont have good enough credit to get a loan for the remainder payoff if were were to private sell it. Friends and family giving us the money wont work because they dont have it either.
I’m so frustrated. But thank you for your answers

Sell and Rent Back