Original Message:
Re: Diamond Resorts raises maintenance fees again! (by R P.):
davek194 wrote:It's not necessarily "bad advice". It does need work and the ability to "potentially" take a credit hit (although this is dependent on the particular developer and many of them REALLY DON"T WANT to go there)
When I said this was bad advice unilaterally, I meant that it was bad advice that ALL developers, management companies and HOAs would not turn a timeshare debt into the credit agencies. Most people don't want a hit on their credit score as it affects so many things in life (future loans, job applications, insurance etc) especially for younger folks.
And, your last sentence says it all "many of them (developers, management companies, HOAs) really don't want to go there" ..... BUT many of them WILL go there ... that's why they have attorneys on their payroll.
From what I gather you speak of (allegedly) Westgate only.