Hi, Does anyone have any experience in dealing with Diamond International/Monarch Grand Vacations (MGV)? I have a timeshare that is PAID-OFF and I just want to get rid of it! I can't pay the Maint. Fees any longer. I wrote them 2 letters regarding financial hardship and they declined me stating that I would have to Sell or Transfer it to someone and that I'm still responsible for paying the maintenance fees.
Also, does anyone know what happens after one stops paying the Maintenance Fees, then goes into Collections, then Foreclosure, then I guess they just cancel it -- BUT my question is "Does it get reported to the 3 Credit Agencies?" (Experian, etc.) Or not? Please let me know as I can't even sell or give it away. I've had it since the 90's and it's a lifetime timeshare.
Thank you all. evelia8
Also, does anyone know what happens after one stops paying the Maintenance Fees, then goes into Collections, then Foreclosure, then I guess they just cancel it -- BUT my question is "Does it get reported to the 3 Credit Agencies?" (Experian, etc.) Or not? Please let me know as I can't even sell or give it away. I've had it since the 90's and it's a lifetime timeshare.
Thank you all. evelia8
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