TRYING TO GET OUT OF MEXICO TIMESHARE

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Original Message:

TRYING TO GET OUT OF MEXICO TIMESHARE (by Lance C.):

maryr280 wrote:
They are offering a Voluntary Surrender prior to 1/15/19 for $1800 per unit...$3,600 and we are done. They will waive 2019 maintenance fee if we act prior to 1/15/19.

However, from all research I have been able to do Playa Grande is part of Solmar which is a Mexican Corp but maintenance fees, etc are through an American company. A voluntary surrender is in essence a contract foreclosure...just voluntary...and can and will hurt our credit. We do not want our credit hurt.

If the resort agrees to accept your unit back for $1800, I can't see why or how that would negatively affect your credit. foreclosure is when you stubbornly refuse to pay and your creditor is wanting the money. The creditor in this case is working out a solution with you that is in the best interests of everyone involved. The resort does not have to continue hounding you for maintenance fees. It does not have to go through the hassle and expense of foreclosure. It gets the unit back into the resort's hands more quickly so that it can try to sell it to another unsuspecting buyer. It gets $1800 per unit to pay for closing costs and the next maintenance fee while it looks for another buyer. It's a win-win for all.