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Apples and oranges... (by KC):

scottm421 wrote:

I walked away from my time share. There wasn't a Note on the timeshare, it was paid free and clear. Couldn't even give it away. So I stopped paying the maintenance fees. They tried multiple ways to collect them, ignored them, and then sent the deed to auction. They got exactly $55.00 for it at auction. Any collection notices on a credit report lasted 6 months on the report. Didn't even hurt the score. It costs them more in legal fees than the timeshares are really worth. That's the thing they don't want you to know. Now if you default on the note or loan, then bad things happen. I have been on this thread for a while. I have helped multiple people get out of there timeshares using the same technique. Best of luck, but stick to your guns, they try and scare you into not doing this.

Non-judicial foreclosure, now available and utilized in many states, is really very simple and very inexpensive, so with all due respect you have (even if inadvertently and with good intentions) misrepresented both the cost and the complexity of the foreclosure process.

That said, you are absolutely correct that IF there is no loan default involved (for the record, a loan default will result in a 7 years long negative credit report) and if the resort won't agree to accept a "deedback", then just walking away is indeed always an option. No one needs to allow themselves to get "bullied". Collection agencies have absolutely no legal authority; they are just looking for the "percentage" that they will receive if they can somehow harass someone into paying owed maintenance fees. Ignore them as just meaningless noise.