ravenna
newbie
- Joined
- Apr 21, 2017
- Messages
- 35
- Reaction score
- 10
- Points
- 8
- Resorts Owned
- elara - las vegas - HGVC
@waxkylucy,
Not sure why you took offense at my statement about the Finn group. My suspicion is simply that they take the client's upfront retainer fee, contact the timeshare company with a form letter, and offer a deed a lieu of foreclosure, (perhaps with a couple thousand dollars in payoff money.)
My suspicion is that timeshare companies would rather take the DILOF and resell the property quickly for full price to the next sucker. than tie themselves up in legal wrangling, foreclosure costs, going to auction, etc.
Hence Finn's advice (quoted in a newspaper article I found online that mentions him) to his clients: "Just stop payments and don't contact the company."
The thing is, if that's all it takes, then I don't need to pay his high upfront fees.
Not sure why you took offense at my statement about the Finn group. My suspicion is simply that they take the client's upfront retainer fee, contact the timeshare company with a form letter, and offer a deed a lieu of foreclosure, (perhaps with a couple thousand dollars in payoff money.)
My suspicion is that timeshare companies would rather take the DILOF and resell the property quickly for full price to the next sucker. than tie themselves up in legal wrangling, foreclosure costs, going to auction, etc.
Hence Finn's advice (quoted in a newspaper article I found online that mentions him) to his clients: "Just stop payments and don't contact the company."
The thing is, if that's all it takes, then I don't need to pay his high upfront fees.