Original Message:
I don't want my timeshare anymore (by R P.):
joeb585 wrote:I'm in exactly the same spot, and I'm at a loss as to what to do. I've stopped paying, and they are hounding me, and they've already "repossessed" my timeshare (I'm locked out) and thay are threatening. But I'm going to wait and see what happens. I'm tired of sending good money after bad. The unit is worthless, though they say it's worth $17K.
You will be reported negatively to all credit agencies since they repossessed your timeshare. When you signed that contract on the dotted line to buy a deeded week recorded in county records, then you're expected to comply with all fees owed. If you're not concerned with your credit score, then just ignore all the hounding.
Sorry, but this is just the way it happens when you buy any deeded property.