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I owe 10k on my bluegreen timeshare. I haven't paid anything in 6 months. I received a letter today from cibola Vista resort and spa. (Bluegreen) with the heading Notice of termination of owners beneficiary rights..the letter in a nutshell says my above time (which details were listed) have been terminated. My termination for non payment will be reported to credit agency...etc. Does this mean I'm out? Other than reporting to collections what else can they do? Has anyone had experience with this?