The most important thing you can do is to act as quickly as possible, this will not go away by itself. You have to acknowledge and accept where you are for whatever reason and get the best help that you can get to minimize the stress, damage and financial toll this is going to take on you and your family.
Okay, so the last thing we want to do is to allow the timeshare company to get a judgment which can last for 10 years and they can renew for another 10 years. Then this will appear on your credit profile and if you do want to buy something else,a house etc., they will require you to pay this off which will include their attorney fees, interest and any of their court costs. And interest accrues every year.
I cannot reiterate enough how important it is for you to act quickly in this matter as soon as you receive any documentation, every state is different and some states are now allowing a non-judicial foreclosure which move much more quickly than a regular foreclosure.
The bottom line is there are a lot of reasons you may find yourself in this situation from medical illness, death of a spouse, inability to no longer travel, and/or financial hardships that were completely unexpected. Do not allow this situation to steal precious moments from your life, it is simply not worth it. What you need is a professional to represent you and take all of the stress and dealing with the situation from you. I say that and it does not matter if it is my firm and or another licensed law firm or attorney, as long as you use a licensed qualified professional to take this burden from you.
Remember the timeshare industry is laden with scams, so it is very important on who you select to help you.
There are options to avoid this foreclosure judgment and again, we are here to help, so book your free no obligation consultation and let’s discuss your situation and see if we can help you.