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My husband and I are purchasing a vacation home with my mom. We are paying cash for our half. My mom is financing her half.
Joshua's answer
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Answered on September 16, 2013
I would check to see how the Bank is doing the loan, it may be they believe it is in just your mom's name or that is how they are pushing it.
Archived
What are the legal ramifications of foreclosing on a timeshare, I.e., is it a mortgage or loan?
Joshua's answer
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Answered on September 16, 2013
I would start with offering the interval to Diamond Resorts, if they purchased the resort and have a sales operation they may appreciate the free...
Son got involved with a timeshare purchase from Wyndham in Hawaii this summer. Need advice about defaulting on the contract.
Joshua's answer
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Answered on September 16, 2013
Stay away from any company that specialized in timeshare resales or relief for an upfront fee. I would give extremely low odds on any company...
Archived
Timeshare fine print is questionable regarding reservation fees and what locations can/do charge them.
Joshua's answer
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Answered on September 16, 2013
This sounds like it is a mini-vac operation, which sells you a telemarketing package and then gets paid per package that tours to the location. ...
How can I get my money back from a timeshare purchase ?
Joshua's answer
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Answered on September 16, 2013
The ultimate question, is what country and what are the laws in that country regarding timeshare, contracts, real estate? It is hard to give a...
Archived
Am I responsible for renovation assessment fees on my timeshare unit?
Joshua's answer
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Answered on September 16, 2013
Obviously, St. Maarten law would control, but typically a timeshare is in a condominium association or property owners association. The covenants...
Archived
How do I get out from under a timeshare without trying to sell?
Joshua's answer
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Answered on September 16, 2013
First, do not pay anyone money up front to sell, lease, or get you out of your timeshare. There are many scammers who claim they will do this for...
Selected as the best answer
Timeshare - Asset or Liability?
Joshua's answer
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Answered on September 16, 2013
Timeshare has become a vague concept with many different types of ownership/use plans to know for sure how it would transfer, if it would transfer,...
Archived
Is cashing security deposit checks an acceptance of charges?
Joshua's answer
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Answered on September 16, 2013
It would be best to notify the company that you are accepting this as partial payment and cashing it does not waive your rights to ask for the...
Archived
Sublet threatening to sue. I am not on the lease and I did not sign any papers.
Joshua's answer
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Answered on September 16, 2013
Whether or not you were on the lease, is important but would not keep you out of possible liability. The primary issue would be your...
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