Report Abuse

I am in the process of possibly purchasing a timeshare week at a resort that was very popular in the late 80's and through the 90's. I noticed that the resort's HOA has a lot of units available for resale, supposedly deeded back from owners (age related and usage issues) who did not want to pay anymore annual maintenance fees. I have stayed at this resort as exchanges and rentals in the past! I personally sold a timeshare (at another resort) for the transfer filing fees just to avoid paying maintenance fees on my unit, that was falling apart more and more each year! I am also aware at the resort that I would like to purchase a week, that a few units are owned 100% outright by individuals. Is this a dangerous signal and how can I determine that this property is healthy and I won't be facing the same situation, shortly down the road like the one indicated in this article, ???