Original Message:
Re: Anyone have experience with Castle Law Group, PC out of Tennessee (by Lance C.):
yurtgerty wrote:Does anyone know if Castle Law Group helps with timeshare foreclosures? I stopped making all my payments and now Diamond is telling me that they're going to foreclose on me. What exactly does that mean? Can a law firm help me out? I'm just really worried that my credit is going to be screwed up because of this.
As has been pointed out in this thread, CLG is being sued for fraud by some timeshare companies so I would not look to CLG for help. In fact, I would not look to any company for help when dealing with potential foreclosure on a timeshare property.
If you default (as you mentioned you are doing), then yes, you will likely face a ding on your credit rating. When did you stop paying? And are these payments for the mortgage or the maintenance fees or both? You have to decide for yourself on this one. First of all, it looks like you will be happy for Diamond to repossess. Depending on how much you owe, it might just be worth it for you to let all the payments slide and let Diamond foreclose but then you take the credit hit.
If you feel that your credit rating is very important, then pay what you owe and then try to negotiate a deed back. Right now, Diamond is taking some units back. You can try this phone number: 877-497-7521, option 1 English, then 3 is direct to Loss Mitigation, or this e-mail address: lossmitigation@diamondresorts.com.
But do not pay any company an upfront fee that claims that it can rectify everything for you such as erasing your debt and giving back your unit. That is usually a scam.