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What are the legal ramifications of defaulting on a time share?

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??

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Filed under: Foreclosure
Attorney answers 1

Posted

Generally speaking the creditor can pursue a foreclosure. They generally don't pursue defaulting time share owners for deficiencies.

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