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Re: I need EVERYONE'S opinion please! (by Phil L.):

I know there was few companies that would refinance a timeshare if the balance was more than $5000.

I have to say I'm shocked that there are still companies out there that would do this. Talk about bad loans in the making! The way owners are just walking away why would any company still want to handle refinancing on a timeshare.

Unless the timeshare owner is signing over something they own like their home or new car how would this be worth anything to a refinance company? First they would need a low interest rate to even get a owner to think about refinancing and the last thing a company needs in this economy is a timeshare!

This is just one of those statements that doesn't sound right!

PHILL12