baybieflower
newbie
I now realize that my husband and I were beyond stupid. This can’t be changed, but what I am hoping for is that one of you great TUG members will be able to give us your best educated suggestions as to our next move.
My husband owned with Wyndham all the way back to when it was Fairfield. We were dating when we went to a meeting and they convinced him that his contract was better used if he upgraded. He did that and while it was a stupid move it was not this bad. We realized that this whole timeshare was not what we wanted and so we went to an owner’s update and asked how to sale this thing since it appeared we could not sale it on the private market.
Long story short they “swindled us” again and we fell for it hook line and sinker. Using what we now realize as their normal tactics we are now on the hook for more than $170,000 in a loan to Wyndham. Around $600.00 a month in MF, and no money to travel to take these vacations.
Should we see about bankruptcy? Should we default and let it hit our credit? Would they come after us for the difference after foreclosure? Can we even try rental and make at least the MF back?
Suggestions that do not involve telling us how stupid we are (which we now know) would be greatly appreciated. We are now well past the rescission period.
My husband owned with Wyndham all the way back to when it was Fairfield. We were dating when we went to a meeting and they convinced him that his contract was better used if he upgraded. He did that and while it was a stupid move it was not this bad. We realized that this whole timeshare was not what we wanted and so we went to an owner’s update and asked how to sale this thing since it appeared we could not sale it on the private market.
Long story short they “swindled us” again and we fell for it hook line and sinker. Using what we now realize as their normal tactics we are now on the hook for more than $170,000 in a loan to Wyndham. Around $600.00 a month in MF, and no money to travel to take these vacations.
Should we see about bankruptcy? Should we default and let it hit our credit? Would they come after us for the difference after foreclosure? Can we even try rental and make at least the MF back?
Suggestions that do not involve telling us how stupid we are (which we now know) would be greatly appreciated. We are now well past the rescission period.
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