Category: what happens when a timeshare goes into foreclosure

This article discusses what happens when a timeshare is foreclosed on an individual. In most cases, the timeshare company will attempt to recoup the money they are owed by selling the timeshare to a third party. The individual is still liable for any remaining balance due to the timeshare company, even if the timeshare is sold. Yes, a timeshare can be foreclosed on an individual, but it is not a common occurrence. ...  Read more

This article takes a look at the process of a timeshare foreclosure. It explains that if timeshare owners fail to make payments on their timeshare and default on their loans, they may be subject to a timeshare foreclosure. A foreclosure can involve legal action, loss of the property, and financial burden. The answer to the question is yes, a timeshare foreclosure is possible. ...  Read more