Quote:
Originally Posted by JM637
So after a few weeks of thinking it over, we decided to let our timeshare go... Has anyone ever had the experience of asking for a deed-in-lieu of foreclosure... We don't quite know how those things are... What are the chances that a timeshare company will agree to go that route... And what do they actual require, if any... This timeshare we bought is really taking a toll on our marriage and finances... And let's say they do decide to take it back, are we liable for any more payments? And what if they don't and the timeshare foreclose what happens then? Any input would be appreciated... Thank you in advance...
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With due respect, it would seem that an appropriate first step might be to inquire
directly of the HOA/mgt. company whether or not they even accept "deedbacks in lieu of foreclosure" at all in the first place. That option is theirs alone to offer and if the answer is no, then there is really no point or benefit in allocating any further time or effort in that particular direction.
