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[Q=hanrym]If you cannot afford to pay your timeshare mortgage, you face foreclosure....Foreclosure is the process where the lender files to take possession of the property and sell it as an auction to recover the money you owened. The judge may issue a deficiency judgment for the remaining balance due after the auction.[/Q] You are correct. An owner who does not pay his mortgage or maintenance fees faces foreclosure. Whether or not a judge "may issue a deficiency judgment for the remaining balance due after the auction" is questionable. Many owners who have defaulted and had their units foreclosed have not faced serious consequences. A lot depends on the state or country where the unit is located. Hence, there is no need for an owner who can't pay his mortgage or maintenance fees to hire a company to get him out of his agreement.