We have owned a 3 be LO at Westgate Lakes for 27 years and they have a Legacy Program to end your contract. Problem is they want us to pay them $3000 and they will take it back and cancel the contract. We are considering stop paying maintenance. Has anyone else done this? We are not concerned about credit ratings.
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Timeshare Foreclosure
- Thread starter knkb4ever
- Start date
welcome to TUG, sorry you find yourself in this situation.
if there is no concern for your credit, you already have your answer!
if there is no concern for your credit, you already have your answer!
What happens if I stop paying for my Timeshare?
Wondering what happens if you stop paying for your timeshare? Explore the potential consequences and outcomes for owners who decide to quit making payments?
tug2.net
Fido Chuckwagon
TUG Member
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If you don’t care about your credit you should definitely just default. Florida is a non-judicial foreclosure state, there aren’t going to be any other consequences other than a possible credit hit. Expect to get lots of annoying collections letters for a while.