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 »

Deed in Lieu of Foreclosure for Timeshare


Mountains in CanadaWhether 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 an owner that has already paid off the principal balance of the property, whose only remaining financial obligations are yearly/monthly maintenance fees. If you still owe money on... Read the rest of this entry »