FEMA Offers Buyback on Formaldehyde Trailers
The saga of the FEMA Formaldehyde Flap Continues unabated. The latest in the series of news the RV industry hates to hear is that Uncle Sam is offering to buy back trailers it sold both to hurricane survivors and "surplus" units it auctioned between July of 2006 and July 2007.
Nearly 11,000 surplus units went out over the auction block at an average price of just a little less than $7,000. At the same time, the emergency management agency sold another 864 trailers directly to hurricane survivors. Because of health issues thought to be related to the presence of formaldehyde fumes in the units, FEMA says it will refund the full purchase price of these RVs until this July. FEMA says it will notify purchasers by mail of the option, and buyers will have 60 days to respond. Buy-backs are only available to those who bought their rig directly from the government.
For more information on the program, check out FEMA's website.