Talk of The Villages Florida - View Single Post - Timeshare exit strategy
Thread: Timeshare exit strategy
View Single Post
 
Old 07-06-2021, 08:03 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,484
Thanks: 3,061
Thanked 16,644 Times in 6,580 Posts
Default
Quote:
Originally Posted by Babubhat View Post
I would expect so. If the timeshare has no value the lien is of no value. That’s the timeshare catch. They want the property and the fees. That fellow based in Vegas has created an empire on foreclosed property.

In sum they would like you to pay them to take the timeshare back.
I agree. But, because the lien has no value, they hire a collection agency, and if you don't pay, they can ruin your credit rating, or even sue you and seize your assets.