needvaca
TUG Member
- Joined
- Apr 18, 2017
- Messages
- 757
- Reaction score
- 836
- Resorts Owned
- MGO, WKV, SVV Bella
After hearing this from MVC's CEO recently on CNBC, I looked up the transcript of the recent investor call and see this:
"for our owners who have timeshare loans and have temporarily lost their income or a substantial portion of their income due to COVID-19, we are working closely with them, deferring loan payments where we can, as well as halting foreclosure activity, as we work with our owners to help them transition through this difficult time. To date, only around 2% of our borrowers have inquired about deferring their loan payment, with only a portion of those people actually taking us up on the offer, speaking to the strength of our owner base and our targeting efforts "
It's worth asking about a deferral, if you have a loan.
"for our owners who have timeshare loans and have temporarily lost their income or a substantial portion of their income due to COVID-19, we are working closely with them, deferring loan payments where we can, as well as halting foreclosure activity, as we work with our owners to help them transition through this difficult time. To date, only around 2% of our borrowers have inquired about deferring their loan payment, with only a portion of those people actually taking us up on the offer, speaking to the strength of our owner base and our targeting efforts "
It's worth asking about a deferral, if you have a loan.