Timesharing and the Economy – The Good and The Bad

It is no surprise that the depressed economy has started to effect the timeshare market.  Vacations are often among the first expenses to go in a climate of instability.  While it is still too early to tell what time share owners can expect from this most recent economic downturn, we can look at the positive and negative effects it could have on owners, and what you can do to prepare and/or take advantage of the present economic climate.

The Good - Who Prospers?

First, the good news.  If you are interested in purchasing timeshare, there are a lot of... Read the rest of this entry »

Buying a Timeshare Foreclosure – Bargain or Bust?

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 that can make it more of a headache than it is worth.

The first thing you need to consider is - Why is the time share property is facing foreclosure in the first place? Read the rest of this entry »