Jul 15
Timeshare Relief before Foreclosure

Timeshare Relief Before Foreclosure

With the economy continuing to sputter, timeshare owners, like you, may want to consider getting rid of their timeshares in order to save their homes.  Timeshare relief may be the only saving grace between being obligated to pay maintenance fees and special assessments versus keeping homes from foreclosure.

Many people are having a tough time right now because they are struggling with paying their mortgage, the bills, and the ever-rising cost of gasoline among other things.  Others have to contend with layoffs, pay cuts, reduction in benefits or other crises that may result in less disposable income.  We have all heard stories about people – some that we know – who have lost homes due to foreclosures in record numbers.

If you own a timeshare, you may be facing an even tougher uphill battle to get your finances under control.  On top of the other bills that can stack up, you have maintenance fees that you have to pay annually on your timeshare that consistently increase over time.   Incredibly, those maintenance fees may not be the only timeshare fees.  Special assessments can come at any time.  You do not want that crushing financial blow at a time of difficulty.  When you put all that together, it seems that there has never been a better time than now to get rid of your timeshare.   Doing so can cut down on the financial hassle your household may be dealing with right now.

Timeshare Relief can help with this burden.  Just call 1-866-797-0535 to speak to one of our friendly and expert representatives who can tell you more about the Timeshare Relief service.  We can transfer the ownership of your timeshare so that it is no longer in your name, thereby alleviating you of the timeshare fee obligations.

Since you probably financed your timeshare, the best thing to do will be to pay it off quickly to get rid of all those high interest payments.  If you cannot pay it off, at least attempt to transfer the debt to another source, like a credit card or borrow from a friend or family member.  Timeshares with liens on them are next to impossible to dump.

The market is currently flooded with timeshares that don’t have mortgages. It’s hard enough to find a buyer for a timeshare that is currently paid off, so if you have an existing mortgage on the timeshare you will experience great difficulty selling it.

Timeshare Relief can only take timeshares that are completely paid in full.  Clients pay Timeshare Relief a fee for this service.

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Jul 23

With the foreclosures of some major hotels like the Watergate, which did not have a single bid at auction, or the St. Regis Hotel in Laguna Niguel that benefited from the last big-spending hurrah from AIG, it’s not surprising to hear about other hotels suffering the same fate.

We reported a while back about the Xanadu Hotel closing, yet the timeshare portion of the property remained open.  Well, this occurrence has repeated itself, this time at the Ilikai Hotel in Waikiki, Honolulu, Hawaii.  The operational losses of the hotel just became too great to overcome.  All the staff was let go from the shutdown with a scant possibility that new management would rehire them.

Yet, the condo and timeshare areas of the property remained.  Could it be that timeshares are self sufficient with maintenance fees on a multitude of timeshare owners actually earns a profit?  Or that mandated special assessments require that timeshare owners to pony up lest they receive liens on real property or default judgments?  Does this prove the profitability of timeshares?

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