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Maintenance Fees (by R P.):

marilyn360 wrote:

In reviewing the financial statements on our time shares, I noted a charge to the Condo Association for "bad debt". On calling two different time share companies, I was told that this was the maintenance charges for people whom have not paid their fees, or are in default on their time shares. I thought this may be what is was for, however; I wanted them to tell me that. My initial request was due to the fact that our maintenance fees have more than doubled in the last four years with no real changes noted due to the down turned economy. So my question is: If we are paying a percentage of the overall maintenance fees that are in limbo, that would mean that we are paying on someone else's time .....

Exactly .... paying owners have to take up the slack for the deadbeats (non-paying owners).

This is also due to the socalled LLC and bogus charities that take timeshare titles but have no intention of paying yearly maintenance fees merely letting the timeshare go into foreclosure. As they say, "they don't give a damn" if other owners are then held financially responsible for their scam. They should all be outlawed and shut down.