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ARDA = American Resort DEVELOPER Association .... If a week is bought from a developer and the loan is paid off then some developers may take it back, BUT many resorts are run by HOAs and it's up to the HOA as to what to do about non payment of mortgages and maintenance fees. Also, there are many 3rd party lenders (not resort developer lenders) that couldn't care less what a legally signed contract was signed to buy .... they want their money, so ARDA doesn't speak for all resorts concerning non payment of loans and maintenance fees. ARDA is a voice for resort developers, not timeshare consumers. If I were a resort developer, I would not condone the above info from ARDA concerning foreclosures.