Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
My name is***** have over 16 years experience in the law. Should you like to chat on the phone I am happy to for a nominal cost. Let me know at any time during our question and answer session if you are interested I am happy to give you more details.Sorry...I am not sure I understand. Are you asking if the timeshare company require you pay this money to an escrow company?
I will send the phone call offer...if you accept we can chat on the phone
I am different attorney the attorney that was assisting you opted out. As far as selling your timeshare we would need to look at the agreement you signed when you purchased the timeshare. In every timeshare agreement I have read they require payment of any fees that are due and owing in order to allow the sale to close. We need to see if they have the legal right to stop your closing unless you pay the fees in advance or if they can be paid at closing. What the escrow company is telling you is correct unless you do not actually owe the fees. The maintenance fees are always a sticking point for people that purchase timeshares. Since there is generally no cap on the fees unpaid they can add up quickly. Do you have a copy of your timeshare agreement? As far as the collection agency information timeshares can report unpaid maintenance balanced on your credit. We would want this to be settled as quickly as possible so it does not continue to impact your credit. If you just walk away this will remain a credit issue. As far as other actions the timeshare can take against for walking away we would need to look at the agreement.