Category: Lieu in deed

How to Get Out of a Timeshare Mortgage From Legally Cancelled Contracts to Deeds in Lieu of Foreclosure

Vacations are a time when individuals and families can enjoy themselves. A recent survey showed that 37% of families are the happiest when they are on vacation. Within the next 12 months, 52% of the worldwide survey participants responded that they expected to take a vacation at the beach. Many of these vacationers may be staying at timeshares.

A Brief Overview of United States’ Timeshares

There are both timeshare resorts and timeshare units located throughout the United States. Since many of these timeshares are located on or close to the beach, this is one of the reasons why they have appealed to vacationers. Currently, there are 1,547 timeshare resorts and 200,720 timeshare units. On average, new timeshares will cost $20,040.00. In addition to the actual cost of a timeshare, there are also maintenance fees which often increase over time.

Three percent of households within the United States, for example, own at least one timeshare. Unfortunately, many owners are Read More