Original Message:
Re: Anyone have experience with Castle Law Group, PC out of Tennessee (by Lance C.):
donp196 wrote:There are no mortgage for timeshares. You can borrow money to pay for it but that's a completely separate transaction . You deal directly with the lender as far as the loan goes .
While that may be true, if someone wants to get rid of or sell his unit, chances are around nil that a new owner will take it if there is a mortgage owing on it. A mortgage has to be settled before transfer of ownership can take place.
But yes, if the owner wants to get rid of his unit either via sale or giveaway, then he should pay off the mortgage lender before looking for a new taker. And I don't recommend any of these firms that claim they can "cancel" your mortgage.