<snip> I wrote to my HOA and also to the BOD and received a letter back from them stating that if they have to foreclose I would be responsible for all fees associated with the foreclosure. Can they do that?? And if so, how could they expect me to pay foreclosure fees if I am unable to pay MF's??
Can they? Yes. Would they? No, quite frankly. I've
never once heard of
any timeshare facility
anywhere ever pursuing
any further action after foreclosure on a fully paid up owner account.
I'm saddened that your BoD / HOA would not be more accommodating; some places stubbornly hold their ground on "deedbacks", even when it is made abundantly clear to them that foreclosure is now their only remaining alternative. For the big corporate "chains", it's financially painless to accept deedbacks. At smaller independent resorts without those "deep pockets" however, some have tunnel vision (and financial fear) and just don't want to willingly "let go" of a historically reliable fee-paying owner.
Many states now have greatly streamlined (non-judicial) foreclosure procedures available, so foreclosure is frankly neither particularly difficult nor expensive to accomplish. It quite simply would
not be worth the time or effort to initiate or pursue any post-foreclosure actions, despite the implied threat and unfortunate bluster that you have apparently received from your resort in response to your deedback acceptance request.
The fact is that foreclosure would very likely cost them
considerably less than a years' worth of maintenance fees on an interval.