QUESTION
we own a timeshare in Kauai, it is paid off, however, we no longer can afford Maintenance fees....What are our options
Asked on May 28th, 2013 on Real Estate - Hawaii
More details to this question:
Can a foreclosre be isused even if the timeshare if paid off and we no longer can pay the maintenance fees?
1 ANSWER
Consumer Bankruptcy Attorney serving Honokaa, HI
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Barbara L. Franklin, Esq. Attorney at Law
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Yes, a timeshare association can conduct a foreclosure for failure to pay maintenance fees. You could explore either selling the timeshare or seeing if the association would accept a deed in lieu of foreclosure.
Answered on Jun 03rd, 2013 at 4:11 PM