hey all, super newbie here.
Fiancé and I purchased a timeshare from OVC in Cozumel in January.
I am laid off as of Friday and will not be able to pay my fees. I have not yet paid a loan payment as it's due March 1. I have paid $2500 CAD for my down payment.
OVC has told me that they can cut my price in half and that's it so far.
Is it possible (has anyone managed) to have a cancellation agreement where I can basically walk away from it and they keep my downpayment?
I'm basically forced to default on them as I have to attempt to pay mortgage and housing related bills first now.
Also, should I have posted this in the Mexican timeshare section?
You know when you wish there was the power to see into the future to avoid bad decisions....
Any help is appreciated, thanks everyone!
Fiancé and I purchased a timeshare from OVC in Cozumel in January.
I am laid off as of Friday and will not be able to pay my fees. I have not yet paid a loan payment as it's due March 1. I have paid $2500 CAD for my down payment.
OVC has told me that they can cut my price in half and that's it so far.
Is it possible (has anyone managed) to have a cancellation agreement where I can basically walk away from it and they keep my downpayment?
I'm basically forced to default on them as I have to attempt to pay mortgage and housing related bills first now.
Also, should I have posted this in the Mexican timeshare section?
You know when you wish there was the power to see into the future to avoid bad decisions....
Any help is appreciated, thanks everyone!