Tony Charlton
newbie
- Joined
- Nov 8, 2019
- Messages
- 2
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- 0
- Points
- 1
- Resorts Owned
- Taino Beach, Grand Bahama Island
We signed up to buy a timeshare at Silver Lake Resort in Florida in May this year. A couple of months ago we decided we didn’t want to go ahead and emailed them to cancel the contract. We don’t expect to get back our deposit and the payments made so far and we assume that we will now lose any right to ownership of the timeshare. If you stop payments on a home mortgage, the bank will take over ownership and sell the home to recover their costs. Is it somehow different for a timeshare loan?
They are threatening us with late fees now and a debt collector if we don’t pay.
Has anyone else had a similar experience and what was the outcome?
They are threatening us with late fees now and a debt collector if we don’t pay.
Has anyone else had a similar experience and what was the outcome?