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What happens when my timeshare I still owe on gets foreclosed?

I know it will badley affect my credit, but can they sue me for the difference between what I owe and what they can sell it for? Do timeshares get auction off? Can they garnish my wages, will I be able to keep my condo? What happens if I never pay the difference owed? I've read alot on the internet but haven't seen anything from someone who actually went through with the foreclosure.

By: Gregory | December 27, 2012, 12:57 pm
1 Answers
  • Carlos RamirezFebruary 19, 2018, 11:49 am

    If you don´t pay your timeshare, you will be sent to collections, and if you owe a lot of money, there may be a chance that you will be sent to court.

    Answer SourcePersonal knowledge
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