Good point. Unless they have an office in the USA, I don't think they can go after your credit or take legal action. I know Villa de Palmar has an office in San Diego and takes payments there, probably for this reason.
There is a Canadian on another thread where Grandview, LV was asking for $2,700 ($3300 CDN) to deed back a 1 bdrm. IMO that is extortion for a property that has only $450/year MF.
That's like paying out 6 years of ownership in advance just to deed it back. Yet the developer can turn around and sell or rent it out immediately! Perhaps the Canadian owner could walk similar to the case above because a US entity cannot report to Canadian credit bureaus nor cost-effectively pursue legal action so the owner could avoid this ridiculously high fee if s/he cannot give it away.
@TUGBrian Perhaps ARDA could work on putting a cap on such fees with their promotional program so-called "Responsible Exit?" If not, we need legislation because this is extortion and the industry is promoting "Responsible Exit" to sell more timeshares, but they are not disclosing the inordinately high, uncapped fees to deedback. i.e. the developers get the benefit of selling this industry program but there is no limit as to how much they can charge.
