Question:
I got one and i think they are ripoffs. I haven't paid it in about two years and now they are threatening to foreclose. Is this a bad thing or what? I have a credit check monitoring system and this timeshare has never been on it. Every other account i have or ever had is on there but that timeshare. So what is the deal if anyone knows?
Answer:
Do not worry about it being on your credit or else, especially is you have never used it. It happened to a friend of mine. He talked to a lawyer, and the lawyer explained that to him.
Let them foreclose it. You cannot foreclose TIME.
See, the funny thing about it is that it is not a property, it is just the right to use a property: you're buying TIMEshare. So, what you're actually paying for is a service, like renting a hotel room.
You will still receive call and letters, but that's all. (Florida State)
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