What are the legal ramifications of defaulting on a time share?
Asked 10 months ago - La Mesa, CA
I have a timeshare, i do not want it anymore. it was also a predatory loan with a very high apr and is costing me 500/month. i cannot afford it. what do i do??
Attorney answers (1)
Generally speaking the creditor can pursue a foreclosure. They generally don't pursue defaulting time share owners for deficiencies.
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