We have been timeshare owners of the St. George’s Club in Bermuda for 10 years. Over that time, the maintenance fees have more than DOUBLED but the club has gone downhill. Now, on a fixed income, we cannot afford these fees.
Selling is out of the question as no one would want this timeshare. On our most recent trip, two years ago, we discovered just how difficult things are. As cruise ships have become larger, all of the ports except one are unable to accommodate the ships, so the local economy in Bermuda has taken a hit. The golf course that attracted us to the property was abandoned five years ago, and has become an eyesore.
I would like to just stop paying the maintenance fees, but not sure what would happen since the timeshare is not in the US. In Bermuda you cannot buy but are deeded the property for a max of 25 yrs. Any ideas or advice would be greatly appreciated.