sELLING MY TIMESHARE
Post reply
Original Message:
Re: sELLING MY TIMESHARE (by R P.):
Taking a loss means you will lose money on your developer bought timeshare whether it's paid off or not.
Also it's very hard to sell any timeshare that has a lien on it (money owed). The best you can do is pay off your loan and then sell your timeshare (at a loss), use it or exchange it. If you stop making payments your credit will be ruined just as if you stopped making payments on a car, house or any other bill you owe.
Suze Orman is the author of various financial books. She is down to earth and practical concerning how to handle money.
teresaw57 wrote:What do you mean by take a loss. Where do I find this information about Suze Orman