Timeshare Foreclosure Information by State
How to safely exit from a timeshare foreclosure: Follow the signs.
Timeshare foreclosure information including legal issues, how to foreclose and what to do after a foreclosure.
How to safely exit from a timeshare foreclosure: Follow the signs.
One of our users left the following comment on our Westgate Timeshare Orlando article in response to another person’s comment: “We are seriously considering walking away from our TS with Westgate. We are not so concerned with our credit rating since we are Canadian and the banks and creditors here tend to look at your…
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”…
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…
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…
I had an awful experience with Westgates concerning my timeshare. Three years ago I purchase a timeshare with Westgate and I only used it one time. The other time, I could not use it because of problem with my mortgage and other financial issues. I contacted Westgates and told them that I was having financial…
I sold my timeshare in September 2007 that I owned at Orange Lake Country Club in Kissimmee Florida and that’s when my nightmare started. I only owned it for a year before I realized what a big mistake I made and sold it the next year! It turns out that the new owners actually own…
My husband and I joined Point to Point Timeshare in Vancouver BC, which changed to Westcoast Timeshare. We were asked if we owned a home to begin with we said no, but we did have a motor home (jokingly). The guy said good enough and signed us up on that. We were financed by Travelers…
The Wall Street Journal recently (April 2012) aired a video about the difficulty of selling timeshares. According to the WSJ, an estimated 50% of owners are behind on their payments. A few notes from the video:
We bought this TS in 2003 and have been paying on it regularly except maintenance fees. In 2009, we received sporadic bills for maintenance fees. I called to get a payoff and was told they were written off. Never could get hold of the timeshare comapny. Did not receive any letter or calls. Never received…
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