I bought a Hilton timeshare in Orlando, FL thru a re-sale. I enjoy ALL benefits from the timeshare as though I had bought from developer/hotel chain...
To finance the purchase, I got a timeshare loan from a lender, NOT connected with the Hilton property.
I still get billed for HOA, and can book vacation if I want, but I stopped making payments to the lender, and when they got aggressive, I told them to EFF-OFF (and gave them my attorney's contacts).
If I have a desire to keep the timeshare (my wife is listed as a part-owner), but I am 100% liable for the loan, can the lender "repo" the timeshare, or do they just attach a lien?
Can we "lien strip" the property in a CH7?...Lawyer indicated it's complicated, and he would have to talk to me face-to-face rather than an emailed response, so I will see him on april 1st.
To finance the purchase, I got a timeshare loan from a lender, NOT connected with the Hilton property.
I still get billed for HOA, and can book vacation if I want, but I stopped making payments to the lender, and when they got aggressive, I told them to EFF-OFF (and gave them my attorney's contacts).
If I have a desire to keep the timeshare (my wife is listed as a part-owner), but I am 100% liable for the loan, can the lender "repo" the timeshare, or do they just attach a lien?
Can we "lien strip" the property in a CH7?...Lawyer indicated it's complicated, and he would have to talk to me face-to-face rather than an emailed response, so I will see him on april 1st.