Original Message:
Foreclosure is not immediate... (by KC):
stevep603 wrote:The maintenance fee was due in January. I received a couple of snail mail letters from a collection agency... but nothing since April/May. I was receiving an occasional phone call, (I don't answer any calls I don't recognize). Sometimes they would leave a message. It's been several months since they've left me any messages. My credit is STILL excellent. I did write a letter, (I think back in Apr/May) telling both Raintree & the collection agency (Concord) that it's paid in full, and that I have no intention of ever using it again... so please remove me from the membership or something similar.
You can "request" anything you choose, but they need not acknowledge or act upon any such request to "remove" you; it is after all contractual legal obligation into which you once voluntarily entered of your own free will.
Generally speaking, foreclosure is not initiated by most timeshare entities until / unless two consecutive years of maintenance fees go unpaid. The good news is that If there was no loan default involved, it is highly unlikely that there will ever any negative credit report consequences after the (inevitable) foreclosure.