I don't know how easy or hard it would be but it seems like it can and is being done. A quick google on 'rv foreclosures' brought up many websites that offer to the public foreclosed rv's: http://motorhome-rv.org/rvforeclosure.aspx Don't click on the 'questions' part of the website, it takes you no where but on the left hand side the links are working and it tells you all about it.

I would think that it would be considered like any other vehicle or posession and be subject to confiscation for non payment of debt.

One of our tenants had their Class A repo'd last month.

Basic economics,if you borrow money to buy it and don't pay you should lose it.

Have seen many RVs lately advertised as repo or bank owned units. So it definitely will happen. I imagine just like with houses, quite a few folks probably owe more now than what their RV is worth if sold. The RV business is suffering from the bubble burst just like the rest of the retail market.