Relinquishing Timeshare in Florida

eddddy

allroundgoodguy said:

Just following up. We've had a Jan 2022 bill in my late Mum's name. Just to confirm, we just ignore it, as paying it would admit liability and continue the debt? It will got to foreclosure and they will repossess the timeshare?

I'm not sure if you're asking questions, or stating the advice you've been given.


TBH, I'd have thought the outcome depends whether the timeshare company recover all the money they're owed through foreclosure.

i.e. The timeshare will probably be sold at auction. If the proceeds of the auction cover all the outstanding maintenance fees, I guess the matter is closed.

But if the proceeds don't cover the outstanding maintenance fees, I'd have thought that the Timeshare company would chase the estate for the balance of the maintenance fees. If the estate pays the balance, I guess that would close the matter.


(That's more or less how things would work in the UK, but maybe things are different in the US.)