Hi - my name is XXXXX XXXXX X'X a Real Estate litigation attorney. Thanks for your question.
Usually, any contact from a company like this that is not solicited by you is some type of sham, or at the least, is way too good to be true. The best response you can usually give is that you are interested and to please mail you all of the literature on its program so you can read over it and also allow your attorney to look at it. That usually ends the solicitation.
You are correct that non-judicial foreclosures aren't allowed in Florida. Also, a foreclosure means that you lose your property. Thus, there would be no need to refinance the loan because you wouldn't own the property.
You certainly should not commit to anything and ask for the literature to be mailed to you. My guess is that this is not a legitimate operation, or at the least, that it is not exactly what they're telling you - - based on your observations that non-judicial foreclosures aren't allowed in Florida and that a foreclosure would sever your ownership interest in the property and cause the loan you owe to be due immediately, leaving no need for a refinance.
Thanks Kirk for the reply. Does the Dodd-Frank law apply to time shares? or are they using that as a front to prey on individuals who are unlearned about the law?
I have supposedly talked to a lawyer at that office that has tried to calm my concerns. I hate that people try and trick people out of their hard earned money. Based on what you have said, it seems the best thing for me to do is to tell them I am not interested. Is there a way to get out of these time shares legitimately? It seems that every avenue seems to be blocked?
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