Foreclosure on a Timeshare?
Post reply
Original Message:
Re: Foreclosure on a Timeshare? (by John F.):
As with any piece of real estate, they can place a lien on it and then go to court to have the property awarded to them.
Unfortunately, that involves a few grand in legal and court fees which they will also come after you to collect.
They will also go after your credit rating. They can legally place a lien on your house too.
Sorry for the news...