Pleeeese someone help
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Original Message:
Pleeeese someone help (by Leo D.):
mike1536 wrote:Yes: I called the resort and offered to sign it back over to them free of charge and they could take it and resell it for for whatever they want, and they would not even do it. (make of that what you will). I paid 15k for the place back in 2001 and I owe about $4000.00 in fees (this includes penalties & interest). At the time I filed for Ch-13 I was current with all the fees, but now adays paying my rent and utilities take priorty over a timeshares maintanence fees. Thanks for the reply. Leoleod14 wrote:============== I'm not a lawyer, but doesn't chapter 13 allow the homeowner to prevent forclosure of the primary residence? Unfortunately you will have a difficult time even giving away your TS if you owe back maintenance fees. Does CH-13 allow you to restructure debt to be able to get up-to-date on the MFs? Have you tried offering the unit back to the resort? They may be willing to take it and resell it to someone who can pay the fees. Good LuckI purchased a Timeshare back in 2001. The unit is completely paid for, but things took a bad turn in my life and after going through a divrorce (married 27yrs), a subsequent ch-13, and on top of that Ameriquest foreclosed on my home of 10yrs , I am no longer in a position to keep the place. I owe back maintainence fees to the HOA which continue to accrue penalties and interest. I love the place but at this stage in my life I am willing to give it away to someone who has ever thought about owning a timeshare. Any other ideas, suggestions or feedback. Let me know. Thanks-Leo