toddnlorie
TUG Member
- Joined
- Feb 10, 2017
- Messages
- 8
- Reaction score
- 4
- Points
- 113
- Resorts Owned
- Wapato Point, WA
I'm a little hesitant to post about this. I hope you guys will have some words of wisdom for me. In spring 2017 we took over a timeshare from a couple that we know here in town. They paid all but about $75 of the fees. It is a share at an association in Manson, WA that we get four weeks a year and we have the same space each time. There are several associations at this particular area. We've actually never had any real problems there (except recently the check in people are way more rude and the place was not as clean as it has been previously) though the space is quite 1990's. That said...we still love our time there and we've noticed that our association's units are not well used when we are there. The last time we were there we were talking with one of our neighbors and they mentioned that they had talked with someone who had heard the association may be considering bankruptcy. I believe this to be true because we were actually considering getting a bigger unit (the grands will start coming with us) and we found out that the association pulled available association owned units from being able to be looked at for purchase.
I know, I know...it is a lot of heresay but I'm worried. What happens with an association like this if it files bankruptcy? Should I just contact them directly and ask what is going on?
Please be kind in your response, thank you.
I know, I know...it is a lot of heresay but I'm worried. What happens with an association like this if it files bankruptcy? Should I just contact them directly and ask what is going on?
Please be kind in your response, thank you.