Timeshare foreclosure information including legal issues, how to foreclose and what to do after a foreclosure.
Does anyone have experience stopping payment on ResortCom Timeshare, specifically the Veilla Del Palmar Resort? A reader of our site posed the following question about foreclosing on ResortCom timeshare: My husband and I purchased a time share several years ago and are still paying on the outrageous balance plus maintenance fees. We have recently found…
A contributor to our site graciously has offered to share their experience with stopping annual timeshare payments for a resort in Florida. Please note – the timeshare is paid in full with maintenance fees reoccurring each year. Be sure to check back as they update the story during the process – I’m anxious to see…
The following post was submitted by a couple detailing their experience as Westgate timeshare owners, and why they decided to stop paying their Westgate timeshare. In 2005, we purchased a Timeshare from Westgate Resort in good faith. We were a young married couple with two toddlers. We were told that we would never regret the…
Florida contains one-quarter of all of the timeshares in the US. Because of the high concentration of timeshare resorts in FL, the legislature felt it necessary to pass a bill to help timeshare owners struggling with timeshare debt. In response to challenges being faced by Home Owners Associations and lenders due to a high number…
If 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…
Whether you are facing timeshare foreclosure, or are looking for a way to get rid of an unwanted time share, a deed in-lieu of foreclosure can be a great option to get rid of your timeshare obligation. It is important to note that a deed in lieu of can usually only be (easily) obtained by…
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…
This 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…
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