NEED TO RETURN TIMESHARE

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Original Message:

Re: NEED TO RETURN TIMESHARE (by Lance C.):

thelmab17 wrote:
So, you are saying that I can let them foreclose and it would damage my credit. Is that all they can do? I realize that damaging my credit is bad, but I would think, with all the problems with Timeshares, that the creditors would overlook that. Am I wrong in my thinking?

I'm sure some creditors would overlook that if you explained why you defaulted.

However, there are some more serious consequences. Resorts have been known to send out collection agencies. Also, there have been reports of garnishing of wages, seizing and auctioning off some of the owner's other assets, etc.

Some people have escaped these consequences and just simply had their unit foreclosed on them. That being said, would you want to chance it?

There are websites where you can advertise your timeshare to give away for free. Try those.