I inherited a timeshare when my father passed away in 1996 - I had the name changed - and promptly forgot about it in the bustle of taking care of the 'more important' issues.
I don't recall getting any correspondance - however this year we were on vacation at a friend of our's timeshare - and it reminded me of this timeshare.
I emailed to find out what the status was of the old timeshare and received this message:
__________________________________________________ _____________________________
Dear Mr. x:
Thank you for your email. At this time, the account has been changed to a state of foreclosure, as we never received payment. This happened back in 2002.
We do apologize, but it is no longer available for use.
Member Services
ResortCom International
404 Camino Del Rio South
San Diego, CA 92108
__________________________________________________ _____________________________
Now, I have all the oroginal paperwork that notes that the timeshare has been paid in full in 1995 - for a 30 year term. How can they foreclose on it. There is a maintance fee that has not been paid, but that's only $200 or so a year and the value of the timeshare was listed at $8900.
Is there anything we can do about this? How can they foreclose a paid property?
Thanks in advance!
Brian
I don't recall getting any correspondance - however this year we were on vacation at a friend of our's timeshare - and it reminded me of this timeshare.
I emailed to find out what the status was of the old timeshare and received this message:
__________________________________________________ _____________________________
Dear Mr. x:
Thank you for your email. At this time, the account has been changed to a state of foreclosure, as we never received payment. This happened back in 2002.
We do apologize, but it is no longer available for use.
Member Services
ResortCom International
404 Camino Del Rio South
San Diego, CA 92108
__________________________________________________ _____________________________
Now, I have all the oroginal paperwork that notes that the timeshare has been paid in full in 1995 - for a 30 year term. How can they foreclose on it. There is a maintance fee that has not been paid, but that's only $200 or so a year and the value of the timeshare was listed at $8900.
Is there anything we can do about this? How can they foreclose a paid property?
Thanks in advance!
Brian