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Re: FORECLOSURE
[Re: EDARGUS]
#244951
01/15/2021 06:27 AM
01/15/2021 06:27 AM
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Joined: Mar 2001
Posts: 17,750 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,750
Ohio
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Below is a recent similar discussion. LINKMy personal opinion is to just walk away as there is NO WAY you should pay that amount to get out of the mess. What constitutes the amount you owe? Is it back maintenance fees? Special assessments? The amount sounds like a lot for 2 weeks.
J.D.
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Re: FORECLOSURE
[Re: EDARGUS]
#244970
01/15/2021 09:29 AM
01/15/2021 09:29 AM
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Joined: Mar 2001
Posts: 17,750 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,750
Ohio
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In should have added I bought these weeks in 1991- Paid off along time ago. As was stated earlier, read your contract but there is NO WAY I would pay the kind of $$ they are indicating to get out.
J.D.
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Re: FORECLOSURE
[Re: Nowhatched]
#244976
01/15/2021 10:07 AM
01/15/2021 10:07 AM
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Joined: Mar 2001
Posts: 17,750 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,750
Ohio
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Thanks for the report, sadly, it does not surprise me. Very sad.
J.D.
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Re: FORECLOSURE
[Re: EDARGUS]
#244979
01/15/2021 11:01 AM
01/15/2021 11:01 AM
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Joined: Jul 2006
Posts: 13,464 Peaceful Eastern North Carolin...
GaKaye
Traveler
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Traveler
Joined: Jul 2006
Posts: 13,464
Peaceful Eastern North Carolin...
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In should have added I bought these weeks in 1991- Paid off along time ago. Even though you paid off the amount you financed to purchase the weeks, if they have your social security number from that transaction, then they can report your default on the terms of your timeshare agreement to the credit bureaus. However, you can dispute that, and most lenders will take that into consideration when making credit decisions. I'm a retired banker who handled lending and credit administration for over thirty years, so I'm speaking from a place of knowledge. Walk away; don't pay them another dime.
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Re: FORECLOSURE
[Re: EDARGUS]
#244982
01/15/2021 11:11 AM
01/15/2021 11:11 AM
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Joined: Aug 2000
Posts: 83,552 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,552
Central Florida!
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As others have said, don't pay them a freaking dime. If they put something on your credit report, dispute it. But don't pay those bloodsuckers a dime. Oh, and don't get sucked in by one of those companies that you pay to help you get out of these things.
Carol Hill
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Re: FORECLOSURE
[Re: Nowhatched]
#244983
01/15/2021 11:13 AM
01/15/2021 11:13 AM
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Joined: Aug 2000
Posts: 83,552 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,552
Central Florida!
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Nowhatched--sorry to hear that. Royal Palm used to be a great place, before Diamond got a hold of it..
Carol Hill
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Re: FORECLOSURE
[Re: Nowhatched]
#245002
01/15/2021 01:59 PM
01/15/2021 01:59 PM
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Joined: Mar 2001
Posts: 17,750 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,750
Ohio
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I am going to post this as a separate topic. Thanks.
J.D.
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