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Re: Maintenance fees - paying owners take up the slack for nonpaying owners

[b]Foreclosure doesn't pay the bills .... maintenance fees pay the bills. When a week is foreclosed on then that's lost income for the resort and the probability of that week being sold again is miniscule (re: the millions of timeshare weeks for sale on the resale market). If it was easy for HOAs/managements to sell foreclosed weeks then you wouldn't see millions of weeks for sale on the resale market. People could simple give their weeks back to the HOA after foreclosure to be sold again. In the real world of timeshare that just doesn't happen. Any foreclosed week being resold by an HOA/management would have to be in a very popular resort, during a popular season, and even that would depend on supply and demand of the week taken back. And, every week I've ever seen for sale by a resort's HOA/management can be bought on the resale market for much less. I've seen this several times when we were looking for a particular resort to buy. That's how we bought most of our resales ... we first inquired as to what the HOA/management had for sale, then we researched on the internet. One reseller at a resort wanted 10K for a resale and we found the very same product for $1900 on the internet resale market and we bought it (two bedrooms, two balconies, gulf front). [/b]