That is to say, has anyone signed up for a vacation club 'ownership', made several payments [not used the facility] and then just stopped making payments? What would happen if the facility was bought over in the USA but you live in England and stop making payments. Will the club just sell it on to someone else - they haven't lost any money per se, surely?
We have friends who can't afford to keep paying for theirs, besides which they haven't a clue how to use it so haven't done so. They bought it last year when out in Florida. Advice much appreciated as we have no idea what to say.
2007-03-24 12:17:30 · 2 answers · asked by dramaqueen 1 in Business & Finance ➔ Renting & Real Estate
You should try to "sell" your allocation on Ebay perhaps.
People will buy the right to it if it is marketed right.
There are 1532 on Ebay right now.
or go to buyandselltimeshares.com
2007-03-24 12:39:59 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋
if you stop making payments
like a regular house it goes into foreclosure
with a judgement against you
2007-03-24 14:10:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋