Posted on: 20th Oct, 2010 08:58 pm
I am a foreigner (non US citizen and not lving in the US) I want to stop payments on a timeshare. What are the consequences. I still owe about $2500.00
Hi hamzkhan!
Welcome to forums!
If you stop the payments, the lender will foreclose the property which will have a negative affect on your credit report of U.S. Moreover, you won't be able to buy a property immediately in U.S. for the next 3-4 years.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you stop the payments, the lender will foreclose the property which will have a negative affect on your credit report of U.S. Moreover, you won't be able to buy a property immediately in U.S. for the next 3-4 years.
Feel free to ask if you've further queries.
Sussane