WALK AWAY FROM TIMESHARE

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Original Message:

Re: WALK AWAY FROM TIMESHARE (by R P.):

In the past I bought and sold many resales, and even though there wasn't pages and pages of legalese, as there is with developer bought timeshares, there is always legal paperwork via timeshare closings showing proof of the transaction .... also all resales are reported to the county in which the timeshare is located proving the transaction and then recorded as such.

jlb wrote:
Better late than never, huh?

I have not read anything here except for the "You can walk away from your timeshare" stuff, which is what we said we would do when we were done with them.

Consider this: One of our resorts does not foreclose; they get a judgment for bad debts and then put a lien on your other property (house for instance). You still own the timeshare and your debt, with accumulated legal fees, just increases.

How about this?

What if you don't have any contract whatsoever with the resort, because you picked up the week resale or from a PCC?

Aren't there two classes of owners, one that has entered into a contract several pages long, and another that has entered into no contract whatsoever with anyone?