Posted on: 09th Apr, 2010 03:56 am
i have a timeshare in orlando with westgate resorts, there is no money outstanding at all on the one week that i purchased back in 1998, however i have not paid this years maintenance fees of $600 as i cannot afford this presntly due to a change in my financial circumstances. i am going to write to westgate explaining this and offer to give back the timeshare offering them the deed in lieu of foreclosure quit claim.
how do i stand legally on this matter ?? i dont owe them any money at all other than this years fees.
i know that they use heavy handed pressure bullying tactics to persuade people to pay by stating that your credit status will be damaged !! are they allowed to do this legally ?? i live in the uk and i am english, there is no legal english rule that relates to timeshare bought outside of the uk that i know about.
could you give me some of your thoughts on this matter please ?? this must happen all the time in the us especially now in a recession ??
how do i stand legally on this matter ?? i dont owe them any money at all other than this years fees.
i know that they use heavy handed pressure bullying tactics to persuade people to pay by stating that your credit status will be damaged !! are they allowed to do this legally ?? i live in the uk and i am english, there is no legal english rule that relates to timeshare bought outside of the uk that i know about.
could you give me some of your thoughts on this matter please ?? this must happen all the time in the us especially now in a recession ??
hi garylamont,
i don't think you will have to go for a deed in lieu of foreclosure. this will take place only if you had a mortgage on that property. you will be able to sign a quit claim deed and transfer the property to the timeshare company. you can contact an attorney and he will help you in drafting a letter which you can submit to the timeshare company.
thanks
i don't think you will have to go for a deed in lieu of foreclosure. this will take place only if you had a mortgage on that property. you will be able to sign a quit claim deed and transfer the property to the timeshare company. you can contact an attorney and he will help you in drafting a letter which you can submit to the timeshare company.
thanks
Thanks James,
is this normal practice in my case ? Can westgate still refuse to accept this ? Can you advise a suitable attorney and approx cost, given that i live in England ?
is this normal practice in my case ? Can westgate still refuse to accept this ? Can you advise a suitable attorney and approx cost, given that i live in England ?
Welcome back garylamont,
It will be the timeshare company's discretion whether or not it will accept the property. As the property is located in Orlando, you'll have to contact an Orlando based attorney and he will help you in this regard. The fees of the attorneys will keep on varying. You can check out the given page in order to know some of the lawyers based at Orlando, Florida:
http://www.justice.gov/usao/offices/index.html#f
It will be the timeshare company's discretion whether or not it will accept the property. As the property is located in Orlando, you'll have to contact an Orlando based attorney and he will help you in this regard. The fees of the attorneys will keep on varying. You can check out the given page in order to know some of the lawyers based at Orlando, Florida:
http://www.justice.gov/usao/offices/index.html#f