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Original Message:

bought a timeshare 2 years ago and now? (by Gwendolyn L.):

Timeshare guru, you seem to be up to par on all this timeshare stuff. My husband and I bought at Westgate Palace back in 2006 on our anniversary. We really bought it for our future family because growing up niether of us got to really go on vacations. But now we are in a very tight financial position and can't afford to pay the monthly or maintenance fees. My husband had a construction business doing stucco and after Katrina hit N.O. (where we live) he got put out of business do to the "cheap" work done by others. So we are behind on payments and we have tried to call and talk to them, but all they want is money. So my question is what would happen if we just didn't pay it anymore? We have the deed. We still owe like $13,000 on it. We put it up for sale with "land ahoy" properties. yeah that really bites! So we don't know what to do now? Will it forclose or what??

Any info would help,

GSL