Feb 07, 2018

what would happen if someone just quit paying maintenance fees and walked away ?


Tim L.
Feb 07, 2018

Depends on what and where your timeshare is . If it's a Mexican timeshare then it's a right to use and you don't own anything . In that case you could probably just walk away and nothing will happen other than threats of legal action . If it's in the states then they might chase you for their money .


Don P.
Feb 07, 2018

timl295 wrote:
what would happen if someone just quit paying maintenance fees and walked away ?

"IF* you and your timeshare are both in the U.S., a lot depends upon whether or not there is also an unpaid loan associated with the timeshare. If there is a unpaid loan balance and you decide to default on that loan, you are *guaranteed* to experience negative credit report consequences. If you have no unpaid loan balance, there may be some collection calls (and ultimately, foreclosure) but likely little else and no negative credit report consequences.

If it's a Mexican "right to use" contract you're talking about and you are in the U.S. or Canada or the UK, you will obviously forfeit whatever money you have paid to date, but nothing else will likely ever happen. They have no jurisdiction, the RTU "product" is of very little actual value anyhow --- and they know there are lots of other willing gringos ready to parade in, sign on the dotted line and plunk down their dollars.


KC

Last edited by ken1193 on Feb 08, 2018 05:53 AM


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