WALK AWAY FROM TIMESHARE
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Original Message:
Re: Re: WALK AWAY FROM TIMESHARE (by Lance C.):
laurrao wrote:We have a timeshare in Costa Rica, one week per year....Can I just not pay the maintenance fees and walk away from it?
Is it deeded property or Right-to-Use (RTU)? Since it's in Costa Rica, it's likely RTU but check your contract to make sure. If it is RTU, then it is likely just a membership that you can walk away from by stopping paying all maintenance fees. You will likely face a bunch of collection calls and letters plus a possible hit on your credit rating. But the membership will eventually terminate which is what you want.
If you have deeded property, well that's a little more complicated.