Timeshare Foreclosure Consequences

One of our users left the following comment on our "What Happens If I Stop Paying My Timeshare?" article in response to another person's comment:

"I agree and have a Westgate time share and am going through similar problems and feel scammed…. My biggest question and concern is: If I “walk away and don’t pay” and let foreclosure happen on the time share can Westgate go after other properties I own? Im not worried about the credit scar, but am worried that liens can be put on my other property. Does anyone know the facts about how far they... Read the rest of this entry »

Marriott Surf Club Aruba – International Foreclosures

We received the following comment from one of our users:

"Help–I haven't paid my maintenance fees or renewal fees since October. I cannot afford it anymore since my husband passed away...I spoke with a rep who stated it was international and would not affect my credit too much, my name would just be in the back of the newspaper. Then another rep said the complete opposite. The sad part is I didn't owe too much more but now with late fees it adds up. Please help me find a reputable person to take this off my plate!"

As with any other... Read the rest of this entry »

Bluebeard’s Castle Foreclosure

We received the following submission from one of our users about their experience with Bluebeard's Castle Resort in St. Thomas:

"I was roped into buying a timeshare in 1993 on my honeymoon. Once we returned my wife and I realized we couldn't afford it so never paid for it. We received a foreclosure notice from the bank that financed it and never heard from them again until last month. I received a collection notice from a collection agency saying we owe $25,000 in back maintenance fees and interest. The deed is still in my name? How is that possible when... Read the rest of this entry »