I have a timeshare - Tahoe season. I owned it since or before 1990. I bought on eBay for my son to use when he was in college in SF area. He actually just use the owner's bonus nights for weekends.
He graduated and moved out. I never went to the timeshare. I have been advertised on Redweek.com for years trying to sell it for $1. I also tried on eBay to sell it at $1. No taker.
I called the resort and telling them that from the fee history that I download from the owner's site and found out I paid fees during the period since 1990 for about $19,400 and not being able to use it. The said they do not buy back timeshare. They advised me to advertise in some website, such as redweek.com. I told them that I tried already for 4 years and not able to sell it.
I asked them, if I stop paying the maintenance fee and taxes, what will happen. They said that they will turn over to collection and foreclose my timeshare.
Anyone know foreclose and default a timeshare? How much that will cost me?
He graduated and moved out. I never went to the timeshare. I have been advertised on Redweek.com for years trying to sell it for $1. I also tried on eBay to sell it at $1. No taker.
I called the resort and telling them that from the fee history that I download from the owner's site and found out I paid fees during the period since 1990 for about $19,400 and not being able to use it. The said they do not buy back timeshare. They advised me to advertise in some website, such as redweek.com. I told them that I tried already for 4 years and not able to sell it.
I asked them, if I stop paying the maintenance fee and taxes, what will happen. They said that they will turn over to collection and foreclose my timeshare.
Anyone know foreclose and default a timeshare? How much that will cost me?