WALK AWAY FROM TIMESHARE

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Original Message:

Re: WALK AWAY FROM TIMESHARE (by NoOneYouKnow):

I don't see any advice here, above or below (?), that would not still be accurate.

As for foreign buyers, I have researched this question for another forum, by looking at the actual foreclosures filed for a couple prominent Orlando resorts, and there were none filed against foreign owners. none. period.

I also looked at their financial disclosures, and they make a point of accounting for foreign buyers, and the default rate for them, and it was apparent that they intend to write that business and hope that some of it sticks.

Speaking of "hoping some of it sticks", those financial disclosures also mentioned that they do not do anything credit checks before financing their buyers.

HUH!? Real!!!

On that forum there was also a Canadian banker, and he stated that credit worthiness, credit reporting, and pursuing bad debts in Canada is separate from the US, and US reporting does not affect Canadians. (just paraphrasing as I recall the discussion)

So, as far as major Orlando resorts go, walk away whenever you want.

Also, don't rely on anything you see on the Internet. ;-)