Original Message:
Foreclosure for non payment of fees vs. defaulting on a loan (by Jon R.):
We bought a timeshare by selling an existing timeshare, or so we thought. After 5 years of NOT receiving annual maintenance fee bills from the "sold" unit, we discovered our credit trashed from lack of maintenance payments. So yes, even if the timeshare is fully paid for, they'll come get you if maintenance fees are not paid on time.