Category: what happens when a timeshare goes into foreclosure

This article gives an overview of what happens if a timeshare owner chooses to foreclose on their timeshare. It explains that when a timeshare is foreclosed, the owner will no longer have access to their timeshare, and the lender may obtain a deficiency judgment to recover the balance of the loan. Additionally, foreclosure can negatively […]

This article looks into what happens when a timeshare goes into foreclosure. It explains that if the owner cannot keep up with their financial obligations, the lender will take possession of the timeshare. Ultimately, yes, a timeshare can go into foreclosure. However, this can be avoided by taking steps such as working with a timeshare […]