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"Walking away" is just a concept --- not a realistic option... (by KC):

lewism20 wrote:
what happens to you if you stop paying the assessment and walk away, particularly if you live in a different state than where your unit is located?

The state of the timeshare location and /or that of owner residency and / or whether the two states are the same or different matters not even one little bit. The numerous NATIONAL credit reporting agencies have a very effective (...and very long) reach; mere distance won't protect you in any way, shape or form.

There are consequences to just simply ignoring the legal and financial obligations associated with timeshare ownership. The resultant events would likely be, in sequential order:

1. Being hounded by collection agencies while late fees and interest just continue to accrue and add up, thereby increasing your debt.

2. Foreclosure.

3. A negative entry on your credit report, which will have serious ramifications for your future attempts to successfully obtain loans or mortgages of any kind.