Quote:
Originally Posted by JM637
Thank you for your input. I understand what you're saying, however, I guess I'm anticipating more for an answer on what happens if the property is let go. I have an idea, but I'm hoping someone can give me info about timeshare foreclosures.
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Worse case, you still owe on the loan. If you don't pay it, you get sued and a judgment is entered against you. If you don't pay the judgment, depending on where you live, the court will assist in enforcing the judgment against you. Also, the judgment can be filed in property records that may create liens on your real property (this depends on where you live).
