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Can a timeshare be discharged in ch 7?
A timeshare is an asset, not a debt. It cannot be discharged. If you are in arrears in your timeshare payments, like being in arrears on a mortgage, you would be able to surrender the timeshare and discharge the arrears.
Is a timeshare a mortgage debt or a consumer debt?
A timeshare is a consumer debt. A mortgage is a document that pledges a piece of real estate to the bank in the event the loan is not repaid. When you buy a timeshare, you do not actually have any rights to the physical property, even after you've paid your loan and all associated fees. You have simply prepaid a property owner for the use of the property for a certain length of time. Another way to think of a timeshare is as a prepaid rental that can frequently be exchanged to time in another location, or another time of year.
What will happen if you stop paying on a timeshare that has a mortgage?
Failure to pay the mortgage on a time share property will result in the lending institution seeking a foreclosure on the timeshare; the lender will then own the timeshare and be able to sell it on to someone else.
Who can finance a timeshare loan?
who does financing for timeshares? Some owners go to banks and lending institutions to finance their timeshare loans.
What is Transfer Smart Now?
Transfer Smart Now is a company that offers a way for timeshare owners to get out of their timeshare contracts. Their website is www.transfersmartnow.com
Are timeshare condos really a wise investment?
Timeshare condos are not really a wise investment as the amount of utility derived from Timeshare condos is disproportionally small compared to the risk.
Where can you buy timeshares in France?
One can buy timeshares in France from the following places: Sell My Timeshare, Sell My Timeshare Now, Travel and Insure, Buy A Timeshare, Timeshares Only, Timeshare Shop Resales.
Where can one purchase a worldmark timeshare?
To buy any sort of timeshare, check into companies and websites such as Timeshare Angels or Timeshare Liquidation. Some timeshares are even sold through eBay.
Where can I buy a timeshare living space in FL?
On the Florida Timeshare Resorts - Buy Sell and Rent website i found these timeshare for sale listings, http://www.timesharegateway.com/Florida.html . A very long list to choose from.
Where can one buy a Hilton timeshare?
You can purchase a Hilton timeshare through companies such as Hilton Grand Vacations. Be sure to research all terms that you are agreeing to when you sign on for a timeshare.
Who would I contact to buy a timeshare in Orlando Florida?
There are many people you could contact to buy a timeshare in Orlando.The easiest way to buy one is to check out orlandotimeshareresales.com for more information.
Would you buy a timeshare?
Many people prefer to buy a timeshare, especially if they love going to a particular place for vacation and come back year after year. Having a timeshare will guarantee that you will have use of a particular place for a certain period of time.
Should you buy timeshare at the Mayan palace?
Absolutely not.
Where can I buy a timeshare for sale?
The best place to purchase a timeshare is "sellmytimesharenow.com" This site is very reliable and features a large amount of useful information and resources on timeshares.
Timeshare Rental Can Save You Money on Lodging Costs?
You may have thought that the only way to stay in a timeshare was to buy one. However, you can take advantage of the cost-saving benefits of a timeshare simply by renting from a timeshare owner. Timeshare owners rent their properties for a week or more at a time at savings of up to 65% over the cost of booking directly through a resort.
How can you stop paying maintenance fees on a time share?
dont buy a timeshare.........
What should I know before buying a timeshare?
Try to get the best price for something you will enjoy for years to come. Read more here http://www.mahalo.com/how-to-buy-a-timeshare
