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<b>Timeshare Consumer Advisor</b> - Advising Timeshare Owners On Their Options

What happens if I stop paying for my timeshare?


If you own a timeshare and you are really frustrated about it, I am pretty sure that the thought of not paying for your timeshare must have crossed your mind. As good as this might sound, it is not the best or cheapest way to get rid of your timeshare. (see below for options) 

Deciding to stop your timeshare payment can result to a court case. Imagine how messy that would be.

When you stop paying for your timeshare you would get collection letters to remind you about your payment. After the 4th letter the case becomes way more complex than you would be comfortable with. It is important to remember, most timeshares are in perpetuity.   This means that just because you stop paying, your obligations to pay do not stop.    When your account is delinquent you cannot sell, rent, donate, gift or get rid of the timeshare in anyway. You would be stuck with the timeshare and all its responsibilities until you clear and settle the financial delinquency with your timeshare management company.

What exactly happens when you stop paying for your timeshare? 

Different things can actually occur.

If you reach some sort of legal agreement with the resort, the timeshare developer may opt to auction your timeshare.  The problem with this is that there are no buyers to bid in the auction.   Timeshares are being auctioned on ebay for $1 and less, with the seller paying transfer costs and future maintenance fees.  It is for this reason, that most resorts do not even bother with this option.   They just continue collection efforts.  

If the timeshare development is a ‘high end’ resort (only 5 resorts fit into this category.  Most timeshares are not ‘high end’) then the resort management may be successful auctioning off the deficient unit.   The previous owner would then be responsible for the deficiency.   You would pay what is left of the debt on the timeshare. This however does not happen without the involvement of lawyers. Those lawyers all charge fees, which gets added into the deficiency judgement.    This option is not as easy as it seems on the surface.  Often, you are left owing more than the original debt. 

The ugliest path this decision can take is when the court gets involved; depending on where your resort is located the management may pursue action of foreclosure. This can be expensive as you would end up paying the funds you owe, attorney fees, court costs, document filing costs and every other cost that may be attached to it.

We would advise that you get rid of the timeshare in a less stressful and less expensive way. Getting involved with the court can get really ugly and even affect future financial decisions. There are so many ways to get rid of your timeshare without getting in trouble with the law.

There are many companies that have easier, and more cost effective solutions.   TS Elimination (  helps timeshare owners get out of their timeshare.   Contact TS Elimination, llc (888-559-5660) for help if you need to get out of your timeshare.