Frequently Asked Questions

What happens if I stop paying Maintenance Fees or dues?

The developer might sue you for the unpaid maintenance fees. They will then attach a default judgment to your personal property to collect any past unpaid maintenance fees, court costs, and attorneys fees.

Also, when in foreclosure, the outstanding mortgage balance plus the unpaid maintenance fees are often higher than the timeshare’s value, which creates a deficiency. Then lenders can go after your other assets.

Are there any caps on maintenance fee increases?

Unfortunately, no. Most of the time, HOAs conduct a vote, but the developer holds a controlling interest and votes to override.

Can I still terminate my timeshare if I still owe on my mortgage?

Yes. It doesn’t matter when you bought it or what the mortgage is; Southwest Deed & Title has a solution for you.

Does the timeshare go to my kids or the estate?

Yes. Every timeshare contract has a Perpetuity Clause, which means forever and in return, all heirs, successors, or assignees are responsible for your timeshare.​

Why are there no reviews at the BBB?

According to the Better Business Bureau, a business that hasn’t joined the BBB will still get reviews. If a business doesn’t appear on the BBB website, it means no customers have left reviews of this company, good or bad. This doesn’t state that the business is not valid.

Can I sell it?

Timeshares are hard to sell because they lose almost all their value. This can be verified by going on and looking at the timeshares for sale. You can buy a timeshare for a quarter with thousands of points.

For this reason, the Better Business Bureau warns about timeshare reselling scams that defraud victims out of thousands of dollars. Don’t fall for it!​

If I sell it and take a loss, is it tax deductible?

Tax authorities wouldn’t allow you to claim a capital loss if you sold it for a considerable loss.

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