Timeshare Default Consequences Explained

Ask Your Question For Free

Summary

Defaulting on a timeshare in Florida can result in negative credit reports, debt collection, liens, foreclosure, and liability for maintenance fees, taxes, and special assessments. Consult a local attorney for personalized advice.

Full Conversation

Default on timeshare.
Hello ****, it's important to know the terms of your timeshare agreement and the laws in the location of the timeshare. May I know where your timeshare is located?
default on timeshare. What are the consequences?
Hello ****, the consequences of a timeshare default may include:
- Credit score damage
- Debt collection attempts
- Legal action for recovery of unpaid dues
- Potential foreclosure
The specifics would depend on your contract and the laws where the timeshare is located.
Wallet’s property owners assoc Orlando,Florida *. * S. John Young pkwy
In Florida, timeshare default consequences can include:
- Negative credit report impact
- Debt collection
- Lien against the property
- Foreclosure
- Liability for maintenance fees, taxes, and special assessments
Please consult with a local attorney for personalized advice.