- Jun 9, 2005
- Reaction score
She said growing Wyndham's hotel business, particularly internationally, will also help balance. Wilson said customers continue to buy timeshares, despite the struggling economy, though "they have to be coaxed a little bit."
This is the line that I love.....when she is talking about how to continue to access the asset-backed securities market for liquidity.
"pledging a mortgage as collateral for a loan - known as hypothecation."
So, seems to me that the savvy purchaser would require her to place a true market value on that mortgaged timeshare.....maybe she should check TUG classifieds?
I was surprised that she 2/3 of their buyers are using their financing. I wonder what interest rates they're paying.
I prefer to buy resale timeshares that are cheap enough that I don't need to finance them!