I have 287,000 points with Fairfield. With the property week I traded in and the $10,000 down, I still own $20,000 plus the $117 a month maintenance fee. I will retire in two years and won't be able to make the payments on the reduce income. I am willing to surrender my title and return the deeded week to Fairfield. Is this possible?
2007-04-29 14:18:49 · 4 answers · asked by jcojox 1 in Business & Finance ➔ Personal Finance
Don't trust us for real legal answers like that. Call a lawyer.
2007-04-29 14:22:47 · answer #1 · answered by CinderBlock 5 · 1⤊ 0⤋
Discuss with Fairfield on your reduced income and have them work out a win-win plan.
2007-04-29 21:23:40 · answer #2 · answered by SGElite 7 · 1⤊ 0⤋
They take away the timeshare, and you still owe the balance of the loan.
2007-04-29 21:26:43 · answer #3 · answered by ? 7 · 1⤊ 0⤋
Foreclosure.
You may consider selling it.
2007-05-02 14:23:16 · answer #4 · answered by Pepper 6 · 0⤊ 0⤋