I am new this site and I need some advice. I have a timeshare in which i am about to sell, however, I have a lien against it for not paying MF's. What do I do? I can't afford to pay the fees.
Since this is your first post, there are a few things that would be important for TUGers to know about this timeshare.
1. Is the mortgage paid in full?
2. How much is the lien?
and most importantly
3. How much do you think your timeshare is worth?
Most people think their timeshare is worth much more than it is. I was recently talking with a co-worker who's fiance's mother has spent $8,000 with up-front fee companies and thinks her Branson timeshare is worth $22,000, which is more than she paid for it. When I should them that it's likely worth less than $1,000, I thought he was going to faint.
You will almost certainly have to pay off any liens on the timeshare before you can sell it. The liens must be paid before any buyer can take ownership and I don't know of a lot of people willing to give you money before the title is free and clear.
Have you called the homeowners association to see if they have any options they can offer you? It's a long shot but, the HOA would rather have someone paying the MF's rather than continue to have deliquent fee's.