How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Roger Your Own Question
Roger
Roger, Lawyer
Category: Real Estate Law
Satisfied Customers: 31018
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
6704987
Type Your Real Estate Law Question Here...
Roger is online now
A new question is answered every 9 seconds

I bought a time share from Hilton Grand Vacations am I leaglly

This answer was rated:

I bought a time share from Hilton Grand Vacations am I leaglly bound to pay for maintenance fees and membership fees? I have found out it is worthless after paying them several thousands of dollars.
eh

Roger : Hi - my name is XXXXX XXXXX I'm a Real Estate litigation attorney in Tennessee. Thanks for your question. I'll be glad to assist.
Roger : Whether you are obligated to pay these fees depends on whether your timeshare agreement says you do. My guess is that you would most likely be responsible for these fees as that's how timeshares are able to maintain the properties, etc.
Customer:

What would happen if i don't pay

Roger : If you didn't pay, the company would likely sue you for the amount owed or either foreclose on your timeshare.
Customer:

So if they foreclose does this create a credit rating issue for me

Roger : Yes, it would be negatively reported on your credit, and you could be sued for any deficiency (if enough money isn't generated from the sale).
Customer:

Do you have any suggestions on how to out of the contract

Roger : Without legal liability, the only way you could get out is if you sell your timeshare to someone else.
Roger : If you can't do that, there's really no way to walk away without opening yourself up to legal liability.
Roger : Often, the timeshare company will actually help you try to sell your ownership, so that would be the place to start.
Customer:

ok thanks - dumbest move on my part was to buy and not research first!

Customer:

I'll try talking with HGV

Customer:

Good day

Roger : No problem. Glad to help. Please let me know if you have any additional question.
Roger and other Real Estate Law Specialists are ready to help you

Related Real Estate Law Questions