Buying a Timeshare Foreclosure – Bargain or Bust?

There is no doubt that you can save thousands of dollars buying foreclosed properties. In most instances, foreclosed properties can be purchased at a public auction for just a fraction of what they are worth. If you are considering timeshare, buying a foreclosed vacation property may sound alluring, but there are many hazards and pitfalls that can make it more of a headache than it is worth.
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What Happens if I Stop Paying My Timeshare?


Timeshare foreclosure and your credit scoreThis question comes up a lot on timeshare forums and blogs, and it can be complicated depending on the exact procedures outlined in your particular contract. There are a few main points that stay the same regardless of whether you have a deeded timeshare or right-to-use, and whether or not you have paid off the entire amount of the timeshare. The following is a description of the steps that will take place if you decide to throw in the towel and allow your timeshare to go into default, leading to timeshare foreclosure.
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RCI Resort Locations


RCI has affiliated resorts in almost every location in the world, and there are close to 4,000 different resorts to chose from if you are a RCI member. Whether you prefer to stay close to your home or travel across the world, RCI has options available for every traveler. Whether you are a weeks owner or points member, it is important to make sure that you select a resort with a high, gold crown rating as your “home” resort to allow to optimal trading possibilities. With some planning and a bit of flexibility, your RCI membership will allow you to explore virtually any place in the world, the only limiting factor is your imagination.

Here are a few of our top picks for RCI resort locations:


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