Maintenance Fees

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Original Message:

Re: Maintenance Fees (by R P.):

I agree with Jons that this is a debt that she owes and she will have to pay if she ever wants her good credit record back.

However, even if she pays the back maintenance fees she is still stuck with the 6 weeks at the resort and she is responsible for future maintenace fees and possible special assessments.

I would think that Nob Hill would be a very popular resort since there are not that many timeshares in San Francisco and SF is a popular destination.

My suggestion would be to try to sell the 6 weeks here on Redweek, Ebay or other internet listing sites setting a reasonable price. You may even make a profit by doing so and using the profit to return your debt to your bank account.

As a last resort and you don't care to go through all of the above is you can file personal bankruptcy since your credit is already demolished.

NOTE: LET THIS BE A WARNING TO ALL THAT WHEN YOU PURCHASE A TIMESHARE, EVEN RESALE, THAT YOU ARE RESPONSIBLE FOR MAINTENANCE FEES AND SPECIAL ASSESSMENTS FOREVER, OR UNTIL YOU SELL IT.