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Blackwell Recovery on my case !

M

mtpockets

TUG Member
Joined
Dec 29, 2019
Messages
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2
Hi , anyone advise me please, let me firstly state that we live/reside in the UK. .

We have a timeshare with Legacy Vacation Resorts in Florida, because of Covid we were unable to travel and the fact that we now are both retired, so decided that we no longer wanted our timeshare. We tried to contact Legacy to ask them to take the rental back but but despite a number of emails received nothing back.
We were originally told by someone on TUG that if we did not pay, then Legacy would take us to forclosure so decided we would go down that route as Legacy had not responded to our request to hand the unit back to them. We made the decision that we would stop paying the maintenance fees as we had already fully paid for the unit, Legacy continued to send regular maintenance bills plus interest but we never paid these. I shold also say that we did not want any payment for the unit as we were quite prepared to walkaway from it.

We have just received a letter from Blackwell Recovery informing us that they are trying to recover the debt.

My question is can they chase us for the debt in the UK, and if we continue to avoid paying them will it eventually go to foreclosure. We dont really understand this process as we live in the UK.
Any advise will be most welcome.
 
It's probably the case that none of us here on TUG know the details of how US foreclosures apply to non-US residents.

That said, so far all that has happened is that someone sent you a letter. That someone either bought your debt from your original lender, or is being paid by that lender to try to recover something. If it were me, I would not pay much attention to it.
 
You knew this was a possibility when you stopped paying. What's done is done, unless you are inclined to start over and pay the past due maintenance fees.

If not, do NOTHING. Do not respond, do NOT take their calls, do not respond to emails. The sooner they find out this is a dead end, the sooner it will end. If you pay one penny it reactivates the statute of limitations and the debt.

If it has not shown up on your credit report yet it most likely never will.
 
mtpockets said:
We have just received a letter from Blackwell Recovery informing us that they are trying to recover the debt.

My question is can they chase us for the debt in the UK, and if we continue to avoid paying them will it eventually go to foreclosure. We dont really understand this process as we live in the UK.
Any advise will be most welcome.
Click to expand...
Guessing that this Blackwell outfit just acquired the debt, and their profit motive is that they get to keep all or part of whatever they collect. I'd surmise that they'll get tired of sending you letters or dealing with the hours time difference and expense of contacting you.

Just keep what you are doing. Eventually they will decide you are not going to pay them anything. It will have no effect on your ability to travel to the U.S.

Jim
 
Can the OP checked their first thread from 2019 on this subject?
 
mtpockets said:
Hi , anyone advise me please, let me firstly state that we live/reside in the UK. .

We have a timeshare with Legacy Vacation Resorts in Florida, because of Covid we were unable to travel and the fact that we now are both retired, so decided that we no longer wanted our timeshare. We tried to contact Legacy to ask them to take the rental back but but despite a number of emails received nothing back.
We were originally told by someone on TUG that if we did not pay, then Legacy would take us to forclosure so decided we would go down that route as Legacy had not responded to our request to hand the unit back to them. We made the decision that we would stop paying the maintenance fees as we had already fully paid for the unit, Legacy continued to send regular maintenance bills plus interest but we never paid these. I shold also say that we did not want any payment for the unit as we were quite prepared to walkaway from it.

We have just received a letter from Blackwell Recovery informing us that they are trying to recover the debt.

My question is can they chase us for the debt in the UK, and if we continue to avoid paying them will it eventually go to foreclosure. We dont really understand this process as we live in the UK.
Any advise will be most welcome.
Click to expand...


I'm curious. Were you solely relying on Legacy Vacation Resorts to take this back from you? They obviously never responded. At that point did you make ANY effort to either sell or giveaway your ownership in 2020 or 2021......?

None of these letters or collection agency activity should be a surprise (I bet you wish that you did give it away). No one really knows how long it will last. It's too bad you have to be on the receiving end.





.
 
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davidvel said:
If it has not shown up on your credit report yet it most likely never will.
Click to expand...
The OP is in the UK. Its highly unlikely that a timeshare company in the US is going to try to figure out how to report a delinquent payment on a foreign credit report.
 
They probably paid pennies on the dollar to buy your delinquent debt. If they collect anything they come out ahead. Sending a letter cost them just a few dollars. If you pay, they come out ahead. If you don't, they lose on your debt but may win on someone else's. Has the timeshare company foreclosed on your timeshare?
 
Janann said:
The OP is in the UK. Its highly unlikely that a timeshare company in the US is going to try to figure out how to report a delinquent payment on a foreign credit report.
Click to expand...
But now the debt is with a third party collection agency. Can they take the steps needed to report this? Would they?
 
bnoble said:
It's probably the case that none of us here on TUG know the details of how US foreclosures apply to non-US residents.

That said, so far all that has happened is that someone sent you a letter. That someone either bought your debt from your original lender, or is being paid by that lender to try to recover something. If it were me, I would not pay much attention to it.
Click to expand...
Thanks bnoble.
 
davidvel said:
You knew this was a possibility when you stopped paying. What's done is done, unless you are inclined to start over and pay the past due maintenance fees.

If not, do NOTHING. Do not respond, do NOT take their calls, do not respond to emails. The sooner they find out this is a dead end, the sooner it will end. If you pay one penny it reactivates the statute of limitations and the debt.

If it has not shown up on your credit report yet it most likely never will.
Click to expand...
Thanks davidvel, I have ignored all communications chasing monies so far.
 
Passepartout said:
Guessing that this Blackwell outfit just acquired the debt, and their profit motive is that they get to keep all or part of whatever they collect. I'd surmise that they'll get tired of sending you letters or dealing with the hours time difference and expense of contacting you.

Just keep what you are doing. Eventually they will decide you are not going to pay them anything. It will have no effect on your ability to travel to the U.S.

Jim
Click to expand...
Thanks Passepartout, just wanted Legacy to take back the unit after 20 years of use, seems they do not want to assist me in that goal.
 
TheTimeTraveler said:
I'm curious. Were you solely relying on Legacy Vacation Resorts to take this back from you? They obviously never responded. At that point did you make ANY effort to either sell or giveaway your ownership in 2020 or 2021......?

None of these letters or collection agency activity should be a surprise (I bet you wish that you did give it away). No one really knows how long it will last. It's too bad you have to be on the receiving end.





.
Click to expand...
Hi TimeTraveler, contacted Legacy a numbver of times requesting them to accept unit back even offered to pay administation fees etc, also tried to sell for nominal sum of TUG and stupidy put up for sale with one of the Temeshare resale companies.
 
dioxide45 said:
They probably paid pennies on the dollar to buy your delinquent debt. If they collect anything they come out ahead. Sending a letter cost them just a few dollars. If you pay, they come out ahead. If you don't, they lose on your debt but may win on someone else's. Has the timeshare company foreclosed on your timeshare?
Click to expand...
Hi Dioxide45, I have not received anything from Legacy advising that they have foreclosed but to be honest I dont understand the foreclosure system as in UK we dont have this , i dont think!
 
Thanks all for your input I am just amazed that I cant seem to get a definitive answer to my question as surely others out there have been down the same path as myself?
 
mtpockets said:
Hi what does this mean please?
Click to expand...
On the old thread, it looks like @Grammarhero posted stats on companies that took action against defaults (i.e. no action, credit hit, or lien against owner) and what situations they were in. (i.e. default on loan & maintenance vs. maintenance only)
tugbbs.com

[ 2022 ] Timeshare Default Credit Report/Collection Tracking

Great information. How about The Manhattan Club? Sorry. Nothing for that.
tugbbs.com tugbbs.com

"...Intls (inc. Canadians) default on US TS w credit drops: 0 out of 11..." Based on these numbers, none of the 11 international owners that defaulted on their US-based timeshare saw any credit rating drop.

Good luck with your situation.
 
Last edited:
mtpockets said:
Hi TimeTraveler, contacted Legacy a numbver of times requesting them to accept unit back even offered to pay administation fees etc, also tried to sell for nominal sum of TUG and stupidy put up for sale with one of the Temeshare resale companies.
Click to expand...


I did read you tried to Deed it back to Legacy. That was not my question.

My question was did you attempt to advertise it here on TUG and simply give it away to a willing taker?

If you go under the Forums column you can see where the FREE TIMESHARES are posted.

By the way, OP means "Original Poster".







.
 
TheTimeTraveler said:
I did read you tried to Deed it back to Legacy. That was not my question.

My question was did you attempt to advertise it here on TUG and simply give it away to a willing taker?

If you go under the Forums column you can see where the FREE TIMESHARES are posted.

By the way, OP means "Original Poster".







.
Click to expand...
They really can't try giving it away now. They are in default and past due. No one would want it. They would need to become current in order to get rid of it.
 
mtpockets said:
I have not received anything from Legacy advising that they have foreclosed but to be honest I dont understand the foreclosure system as in UK we dont have this
Click to expand...
What it means is that the resort, its Homeowners' Association, or the TS company will repossess the TS. It will have to go through a lot of hoops to do so but at least the HOA will get it out of the possession of a non-paying owner.
 
mtpockets said:
Thanks all for your input I am just amazed that I cant seem to get a definitive answer to my question as surely others out there have been down the same path as myself?
Click to expand...
Most individuals here are timeshare enthusiasts who effectively use their timeshares and continue to get value out of them.

Those who have exited their timeshare in the manner which you have likely aren’t frequenting our small corner of cyberspace once they’ve walked away.

Getting reliable legal advice online is not something I would pursue. You get what you pay for IMO - given the jurisdictional questions I’d say you’re better off consulting a barrister in the UK who can advise you properly.

Personally I don’t think they can come after you in the UK.
 
jabberwocky said:
Personally I don’t think they can come after you in the UK.
Click to expand...
They can send a letter and hope they send a bunch of cash. The timeshare is in Florida and they are pretty consumer friendly when it comes to foreclosures on timeshares. The worst they will do is foreclose. Though it looks like they want to try and collect instead of foreclose. They couldn't have foreclose and then sold the debt since there is no recourse in Florida either. Of course, as you say, this isn't legal opinion....
 
dioxide45 said:
They can send a letter and hope they send a bunch of cash. The timeshare is in Florida and they are pretty consumer friendly when it comes to foreclosures on timeshares. The worst they will do is foreclose. Though it looks like they want to try and collect instead of foreclose. They couldn't have foreclose and then sold the debt since there is no recourse in Florida either. Of course, as you say, this isn't legal opinion....
Click to expand...
I agree. They probably picked up the debt for 3-5 cents on the dollar (if that). If they can just get one out of ten to pay up they will make a handsome profit. Debt collectors stay in business somehow.
 
Thank you all for your input , its much appreciated.
I will continue on my path for a while longer and advise how it goes for others in a similar position.
 
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