Timeshare Foreclosures and Your Credit Score


Timeshare ForeclosureIf you have exhausted all of your other options for getting rid of your timeshare including selling on the web, auctions sites like eBay and Craigslist, donation to charity, and giving it away, a timeshare foreclosure may be your only option.  The time share foreclosure process is somewhat similar to a home foreclosure, in that eventually the property will eventually be returned to the lender and sold at a sheriff’s auction to the highest bidder.  Being armed with information, and knowing how this process can affect you and your future purchasing/lending power is a key part of a successful foreclosure.  This post will help to prepare you for what may lie ahead, and provide information regarding credit score changes you may experience as a result of a timeshare foreclosure.
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Top 5 Timeshare Lies

How to avoid being scammed with timeshares

If you are interested in becoming a timeshare owner, you need to be aware of the timesharing scams and lies being told by timeshare salespeople.  A timeshare salesperson will promise you the sun, moon, and stars in order to get you to walk out of a presentation as an owner, but they will rarely make good on the perks they are offering during the sales pitch.  If you do decide to purchase directly from a developer at a presentation, be sure to get everything in writing including bonus weeks, estimated value, accessibility, resort amenities, and other special offers.  Remember, if it sounds too good to be true, it probably is.  Keep reading to discover the Top 5 Timeshare Lies.
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Timeshare Revealed – Help for Point to Point Destinations Owners

Point to Point Destinations Timeshare in CanadaOperating under the name Point to Point Destinations, or West Coast Timeshare Ltd., this Vancouver, BC based company has been selling points based timeshares since their inception in 1999. In recent years there have been a number of time share owners speaking out against PTP Destinations, and looking for help in dealing with their PTP Destinations timeshare purchase. There is hope for the many PTP Destinations timeshare owners out there looking for assistance. There is an excellent web timeshare resource dedicated to informing, warning, and educating consumers about PTP timesharing called TimeshareRevealed.com. TimeshareRevealed.com is working to mobilize, help, and inform unhappy PTP Destinations timeshare owners, and assist them in taking action against the company.
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