Timeshare Foreclosures

Many people buy a timeshare, often in a resort condominium, and use it for vacations. A timeshire is a  form of property ownership where several owners have the right to use the property for a specified period each year. What many timeshare owners don't know, is that if you fail to make timeshare payments, you can be subject to foreclosure.  

Timeshare foreclosure procedures vary by state and are often different from the procedures that govern foreclosure of your home or other property. Many timeshare foreclosures proceed very quickly, so it's important to understand the basic concepts, what can lead to foreclosure, how to avoid a foreclosure, and what happens if your timeshare is lost through foreclosure. In most situations, it's a good idea to contact a lawyer immediately if you want to save your timeshare interest.  

Articles on Timeshare Foreclosures

Can a Timeshare Be Foreclosed for Nonpayment of Fees or Assessments?

If you own a timeshare and don't pay maintenance fees, special assessments, utilities, or taxes, the timeshare association can foreclosure.

Options to Avoid a Timeshare Foreclosure

Learn about ways to avoid a timeshare foreclosure.

Consequences of a Timeshare Foreclosure

A timeshare foreclosure can have negative consequences on your credit score, taxes, employment opportunities, and ability to obtain future loans.

How Will a Timeshare Foreclosure Affect My Credit Score?

A timeshare foreclosure will cause your credit score to drop, which will affect your ability to get credit in the future.

Timeshares and Bankruptcy

Find out what happens to timeshare mortgage debts and maintenance fees if you file for bankruptcy.

Timeshare Cancellations: Can I Cancel a Timeshare Purchase?

If you just bought a timeshare, can you cancel? Maybe, but you'll have to act quickly.

Buying Foreclosed Timeshares

Tips and warnings if you are buying a foreclosed timeshare property.

Timeshare Foreclosure and Right to Cancel Laws by State

California Timeshare Foreclosure and Right to Cancel Laws

Learn about California timeshare laws, including how to cancel a timeshare deal and under what circumstances your timeshare might get foreclosed.

Tennessee Timeshare Foreclosure and Right to Cancel Laws

Learn about Tennessee timeshare laws, including how to cancel a timeshare deal and under what circumstances your timeshare might get foreclosed.

South Carolina Timeshare Foreclosure and Right to Cancel Laws

Learn about South Carolina timeshare foreclosure laws, right to cancel laws, and other timeshare contract laws.

Nevada Timeshare Foreclosure and Right to Cancel Laws

Learn whether you can get rid of a timeshare in Nevada and more.

Florida Timeshare Foreclosure and Right to Cancel Laws

Learn about Florida timeshare laws, including contract disclosures, the right to cancel, and foreclosure procedures and protections.

Texas Timeshare Foreclosure and Right to Cancel Laws

Learn about Texas timeshare laws, including contract disclosures, the right to cancel, and timeshare foreclosure procedures.

Hawaii Timeshare Foreclosure and Right to Cancel Laws

Learn about Hawaii timeshare laws, including contract disclosures, how to cancel a timeshare deal, and when your timeshare might get foreclosed.

Missouri Timeshare Foreclosure and Right to Cancel Laws

Learn about Missouri timeshare laws, including how to cancel a timeshare deal and under what circumstances your timeshare might get foreclosed.

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