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Re: WALK AWAY FROM TIMESHARE

Until he pays off his mortgage he will have almost zero chance to sell his timeshare. Not many people will take up mortgage payments then also assume responsibility for yearly maintenance fees when they can buy a resale for much less than his developer purchase. Good point about renting until he pays off his mortgage and is able to sell the week with no liens. As far as him not willing and or able to pay his timeshare debts, the finance companies and resorts have heard it all from people wanting to be released from their debts, so he can forget about merely stopping payments if he treasures his credit rating. If people could stop paying timeshare mortgage payments and maintenance fees most resorts would go under in a NY minute the demand would be so great. What most people don't realize is that when you sign on that dotted line to buy a timeshare then you are committed to paying that purchase and the maintenance fees that go along with it. [Q=jons29] Jayjay; That doesn't answer his Q ref being willing/able to continue to pay the mortgage and maintainance. Obviously his best bet would be to sell. Having wk 52 should be a fairly easy sell, depending on price, in Lauderdale. Second suggestion would be to place it up for rent. If placed early enough, it should rent fairly well and he might even make alittle.[/Q]