newbie88jo
Guest
The timeshare will likely close and be liquidated. Options are:
1. Pay about $500 to deed back for attorney's fee. (seems high to me).
2. Pay $950 for 2024 yearly and maybe share in profit or loss on the closure and sale of the property.
a. How to find out if there's an loan or other liens on the property?
b. How much is the property worth?
c. Are the sale gear toward benefiting the management company and not the owners?
d. There are about 500 intervals to foreclose on at a cost of $2000 each.
d. Which one to choose (1 or 2)?
33 units with 1/3 acre plus club house. So at least 10 Acres. In my opinion the cost of remodeling seems also high and should have come out of the yearly assessments instead of a special assessment.
Any advise?
1. Pay about $500 to deed back for attorney's fee. (seems high to me).
2. Pay $950 for 2024 yearly and maybe share in profit or loss on the closure and sale of the property.
a. How to find out if there's an loan or other liens on the property?
b. How much is the property worth?
c. Are the sale gear toward benefiting the management company and not the owners?
d. There are about 500 intervals to foreclose on at a cost of $2000 each.
d. Which one to choose (1 or 2)?
33 units with 1/3 acre plus club house. So at least 10 Acres. In my opinion the cost of remodeling seems also high and should have come out of the yearly assessments instead of a special assessment.
Any advise?