Don’t Let Your Timeshare Be Foreclosed On–Get Rid Of It Instead
Don’t Let Your Timeshare Be Foreclosed On–Get Rid Of It Instead
It should come as no surprise that when you try to have your timeshare foreclosed on, you’re going to encounter resistance and burdens from the timeshare industry. Let me explain. There are lots of owners out there looking for a way to get rid of their timeshare. They’ve probably come to learn that they aren’t going to upsell their timeshare. The salesman, to put it bluntly, was wrong. Their next line of reasoning is to sell it as a loss. After finding it nearly impossible to sell a timeshare even at a loss, the distressed owner starts getting desperate.
Here’s where you should watch out. The desperate owners thinks “Well, I’ll just stop paying my annual fees. Then they’ll foreclose on the thing and I’ll be done with it. No fuss, no muss.” Wrong. Lots of fuss, and a whole lot of muss.
To put it bluntly, did you really think the timeshare industry hasn’t already figured out this potential loophole? These people rake in hundreds of millions of dollars a year, sometimes billions. They didn’t get there by being outsmarted on a technicality.
So here’s what happens: when they see you beginning to default on your property, they call in the debt collectors. That’s right. Those people who love to call you at 6:30 am and wish you a good morning. Not to mention they’re probably going to be collecting on additional fees you racked up during the foreclosure.
The foreclosure, you say? Well, at least this part of your plan worked like a charm. The timeshare company will indeed take your timeshare and foreclose on it. But just like all things in this world, we wear the chains we’ve forged in life. And there are no more persistent chains than those shackled on by the timeshare industry. Do yourself a favor and PAY someone to take it if you’ve reached this point. It’s better than exposing yourself to vultures.
Tracie Newcastle is a timeshare consultant for the timeshare industry. As a timeshare advocate and consumer, she is committed to providing consumers the information they need to make more informed decisions. If your timeshare is costing you a fortune and you need a way out, please visit her website at http://www.timesharereliefinfo.com for a guaranteed solution.
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