Three years ago I was talked into buying a timeshare with Fairfield now Wyndham. I purchased the introductory offer of only 146,000 points for $10,000 which was fine. Two years later my friends and I decided to use the timeshare and take a trip to Vegas where I was pressured into upgrading to 300,000 points which cost me $37,000. It has been a year now and I owe $35,000 and I never use it nor any of the other "perks" that come with it. This cost me over $600 a month. I've tried selling it and have had others try to sell it for me but no luck. After months of research I realize that my timeshare is maybe only worth about $9,000, and thats a big maybe. I've thought about turning it over to the bank and entering foreclosure, so I've been doing my research again. I find many people explaining what will happen but none of the people saying they have ever gone through foreclosure on a timeshare. I've done google searches trying to find anyone that has experienced a foreclosure on a timeshare, specifically Wyndham, but I cannot find anyone. Why is that?? I have a theory.....Maybe Wyndham is allowing owners to go into foreclosure on their timeshare and only taking a minor hit on their credit but in turn the owner is not allowed to speak of their experience. A gag order. Since Wyndham owns the loan, the owner goes into foreclosure, Wyndham takes the deed back, and they resale it for the same that I owed on it to begin with. I understand this is a stretch, I just want to hear from someone saying they have experienced a foreclosure on a timeshare and what happened to their credit, if they had to owe any after the property was sold or were they just free and clear. Someone please respond with their experience.