I’m in danger of going into foreclosure on some timeshare property in Florida. Will the credit damage be just as bad as losing a house?

Depends on how the timeshare was sold to you – it could just be an account on your credit that will show delinquent and maybe repossession. Since you only own a portion of the property not the property itself it will not be a foreclosure.

You may see collection activity and this will DAMAGE your credit rating. Try to unload it – then negotiate with the creditor to take a settlement if you are upside down.

Good Luck,

I recently put a down payment on a timeshare in Mexico but changed my mind 4 days later. I notified by credit card company and they are helping me dispute it but I was wondering how binding the contract is considering it was signed in Mazatlan Mexico. Is there a grace period to cancel without any penalty? If my credit card company is able to get the payment from going thru am I home free? What can the people I bought the timeshare people do to me legally? What are my rights? They told me I can’t cancel the only thing I can do is down grade the timeshare purchase to a less expensive one or forfeit the down payment? Do you have to be a certain age to buy a time share in Mazatlan Mexico?

Timeshares sound great in how they present them. But in all reality they aren’t exactly what they seem…….look at HOW many people are trying to "sell" theres because they can’t do what they want or even close to what they want.

Wish you the best of luck, but really they make it look so great when in reality there is only ONE I know that I have heard anyway that is ok. The rest a big scam………

Best of luck to you. I am sorry, but I’m not sure the legal parts of this matter.

I own timeshare in florida. I already paid an agency $800 dollars to put it up for sale and they won’t sell it. Are there agencies that sell it without charging anything upfront?

don’t use an agency at all…ebay…craigslist…newspapper.

I want to start attending timeshare presentations and see what they are all about. How do I find out abotu them? How do I get on a mailing list? Does anyone know of any websites? Thank you!

call 407-345-0000 and book a vacation through westgate resorts in orlando,FL not only will you get a chance a take a timeshare presentation but you will get to stay at a 5 star resort for cheap. its well worth it… for more info email me

mcoop07@gmail.com

I would like to go to London, Barcelona, Athens, Paris, Rome, OR Milan for a couple of weeks. How much would a timeshare cost? On average. And where can I find them? For two weeks is a hotel cheaper?

It is a risky business. Personally I am against this kind of holidays, but plenty people are buying and using it.
You can find plenty of companies on net advertising, renting and selling a timeshare. Read carefully before you decide:

http://www.uscg.mil/legal/la/topics/real_estate/time_share.htm

http://www.ehow.com/how_4751_buy-time-share.html?ref=fuel

Here you can find first hand questions/answers :

http://answers.yahoo.com/search/search_result;_ylt=ApJRfqN06nNfIjygexq1O0npy6IX;_ylv=3?p=time+sharing

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Timeshare was purchased in the 1980’s and we want to transfer the title / deed to another member of the family. I assumed since it was a deed, any title company could do it, but I haven’t found one yet that has a clue. Does anyone have any experience with this?

The title insurance companies do not want to insure all the deeds. One timeshare condo might have 52 people who all have one week of usage. The entire complex might have 1,000 owners.

Get the old deed to the timeshare from when you bought it. Get a blank deed or just use a blank piece of paper and copy the words by hand.
Take Line 2 ( Grantee) from the old deed and enter it on line 1 (Grantor) of the new deed.
Write the new owner’s name on Line 2 of the new deed.
Copy the Legal Description from Line 3 of the old deed to Line 3 of the new deed.
The people on Line 1 of the new deed…. sign on the bottom in front of a Notary Public.

The title has now been transferred. The new owner can pay $10 to record the deed at the County Recorders Office.