- Timeshare in General
Has anyone "walked away" or allowed their timeshare to go into forclosure?
I own a timeshare and due to the "economic circumstances" that i am in now i am have a real difficult time making the payments. I know that there will be a negative mark on my credit report but if i stop making payments what do i get to look forward to from timeshare company, finance company etc???
- Roberto Guzmán February 19, 2018, 2:23 pm
Any timeshare company made their clients to sign "Promissory Notes" as guarantee they will pay them the remaining balances. If you have a timeshare and if you want to get rid of it, for sure it will be necessary to place a Legal process to get "freedom", otherwise the timeshare company can take Legal steps versus the debtor and it can cost you more money to resolve that issueAnswer SourcePersonal