Angela Fraleigh
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- Jul 4, 2019
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A family member is being forced to retire, he is 75 years old, and once that happens will no longer have the income to pay for a Wyndham and a Hilton timeshare.
I don't know much about timeshares and what the values are- He has over a million points with Wyndham but still owes about 150K. For the Hilton, it looks like they owe $75K.
What are the options? Would anyone buy this? For Wyndham, Ovation won't work because they owe money and he can't claim hardship because his company won't provide any paperwork that suggests he's being forced out for PR reasons- also they won't even accept it as hardship for months to years?
What are options? go into default? just stop paying and take the hit on his credit score? would the timeshare try to sue?
Should he try to sell? Would anyone see the value in this?
please help? I'm at my wits end.
Thanks in advance.
Angie
I don't know much about timeshares and what the values are- He has over a million points with Wyndham but still owes about 150K. For the Hilton, it looks like they owe $75K.
What are the options? Would anyone buy this? For Wyndham, Ovation won't work because they owe money and he can't claim hardship because his company won't provide any paperwork that suggests he's being forced out for PR reasons- also they won't even accept it as hardship for months to years?
What are options? go into default? just stop paying and take the hit on his credit score? would the timeshare try to sue?
Should he try to sell? Would anyone see the value in this?
please help? I'm at my wits end.
Thanks in advance.
Angie