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Re: What happens if you just stop PAYING?

Jayjay, I have one last bit of educational advice for you that I overlooked in my earlier post. You said "a contract is a contract no matter what kind of contract it is" Go one more time and review your file of records relating to the purchase of the 8 resales. You will find a deed and probably a sales contract for each of the purchases. Look at the deeds where you initially acquired your timeshares. Did you sign the deeds? No your seller signed the deeds. So the deed does not constitute a contract you signed. Now look at the sales contract. Who signed it? Both the seller and you but not the resort. The resort was not a party to your sales contract. A contract may be a contract but where is your contract agreeing to pay the maintenance fees? I will respond to your latest comments but I know from experience that you always get the last word and so you will on this topic. Your comments are numbered and my response is immediately below your comment. 1. Joesph wasn't in dire straights financially concerning his MF's (please read his first post). He merely got tired of paying them and had no use for his timeshare any longer.1. Joesph wasn't in dire straights financially concerning his MF's (please read his first post). He merely got tired of paying them and had no use for his timeshare any longer. You have said over and over that Joseph merely got tired of paying the fees. Lets forget about Joseph for the moment. My advice was to anyone who due to financial circumstances cannot pay their MFs and to those who have been unable to sell or give away their timeshare. My advice was general in nature and not necessarily for Joseph because neither of us admittedly knows his financial situation. 2. You are correct that anyone can get in touch with a resort requesting that they take a deed back in lieu of foreclosure, but that doesn't mean they will (in most cases they won't). Certainly that is what the resort will tell you when you contact them about taking the timeshare back because "they are not in the business of taking back timeshares." In time they either will take a deed back or they will foreclose. Those are their only options if an owner does not pay the MF. If they go the foreclosure route they will of necessity have to hire an attorney or use an in house attorney who draws a salary. Once the attorney is involved and it is out of the collectors hands he/she will offer a deed back to resolve the matter.This may be months after the resort initially refused to take a deed back. Certainly there are some resorts that as a business practice will continue to refuse the deed back because they want to teach the timeshare owner a lesson. This is literally shooting themselves in the foot financially but a small number will follow through with the foreclosure to make a point. 3. Did you read the threads from TUG that I posted (evidently not)? TUG is where I received my timeshare education and I have been reading it daily for almost 9 years. Members of TUG are the most timeshare educated people in the entire world. See what they say about merely 'quitting paying maintenance fees' and the repercussions that will follow. Surely you know how to copy and paste urls? Your condescending comment about my ability to copy and paste an Internet address is certainly deserved in light of some of my demeaning comments to you. Touche! Yes, I frequently read TUG but nothing I have read there - including your links - changes my opinion concerning the rights of beleaguered timeshare owners who cannot sell or give away their timeshares. 4. The reason I so adamantly argue against your advice is that I don't want readers here thinking they can just 'quit paying maintenance fees' and they end up with their credit screwed up. What right of yours is it to decide what readers can and cannot think. That is each individual's right. They can read what I write and discard it as you do or they can act upon it. 5. The only problem I have ever had with you on this forum is the same bad advice you've given before concerning 'quitting paying maintenance fees', with no repercussions, otherwise I have no problem with your posts. You give your advice as if millions of people do this everyday with no problem. Where did I ever say there were no repercussions. I suspect you can cut and paste. Please go back to any of my prior posts and copy and paste here any comment where I said one could stop paying maintenance fees and there would be no repercussions. Possibly we both want to help only our perspectives are different. You look at events through the eyes of the developer whose lawyers drafted the one sided declaration to begin with and I look from that of the individual timeshare owner who is desperate and thinks he/she is forever saddled into infinity with a worthless timeshare. I think it is fair for the readers to read both of our perspectives.