Real Estate Law

Have Real Estate Law Questions? Ask a Real Estate Lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Real Estate Law

MY deceased husband and I purchased a time share 11 years

Customer Question
ago. We vacationed the first year...
MY deceased husband and I purchased a time share 11 years ago. We vacationed the first
year and then he passed away. We paid cash for the unit. Our maintenance and taxes started out to be around five hundred a year. Our vacation was for every other year. I have not been there since 2006. The maintenance and taxes are a little less than 1,000.00at this time. The company went bankrupt and sold out the complex. Last year I tried to give the unit back to them free of charge and let me out of this contract. The company running it now said "no way" timeshares are worthless nothing. Just keep paying the maintenance and taxes. This past January I did not send in my money. Today I received a letter stating " Notice of intent to file a lien". My question is what will they put a lien on. I owe nothing on the timeshare, nothing on my home and my car is paid off. Also I heard the the Attorney General is trying to put a stop to this type of business. Also if they had the unit all this time, they could have rented it out and applied that money to the yearly fee. Let me know your thoughts on this transaction.
Submitted: 1 year ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 1 minute by:
8/12/2016
Real Estate Lawyer: RealEstateAnswer, Lawyer replied 1 year ago
RealEstateAnswer
Category: Real Estate Law
Satisfied Customers: 29,488
Experience: 10+ years in handling Leases, Landlord-Tenant, Foreclosures,Mortgages, and Eviction cases
Verified

Good afternoon. I understand what you are going through and actually hear this a lot. Can you share with me the name of the resort?

Ask Your Own Real Estate Law Question
Real Estate Lawyer: RealEstateAnswer, Lawyer replied 1 year ago

Have they sent this to collections yet?

Ask Your Own Real Estate Law Question
Customer reply replied 1 year ago
The company is Liki Tiki Village II, a/k/a Isle of Bali II, a condominium, located in Orange County Florida. I have received a letter of Notice of Intent to File a Lien.
Real Estate Lawyer: RealEstateAnswer, Lawyer replied 1 year ago

Thank you for the additional information. As you were told, timeshare rarely have any market value. They are not an asset but a liability. As this point, if they have placed a lien on the property, the next step would be that they will eventually foreclose and take it back. However, there is something a clause in the agreement which allows them to take it back, as long as you do not object, to avoid having to actually foreclose through the courts. Moreover, as this become more past due and they know they are not going to get paid, they may offer you a deed in lieu of foreclosure and at that time, take it back. Foreclosing takes time effort and money and they will not likely be able to go after you for anything owed either. As long as this has not been reported and effected your credit, you may want to consider not paying and just letting them take it back.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: RealEstateAnswer, Lawyer replied 1 year ago

Please let me know if you have any follow up questions or need any clarification on something which I stated above. Also, remember to rate my service at the top of this page, before exiting the site, so I can receive credit for my help. I hope you found it to be Excellent! Only rate my answer when you are 100% satisfied. If you feel the need to click either of the two lower ratings to the left, please stop and reply to me. I want to make sure your experience with the site was as pleasurable as possible and that you are satisfied with the help I provided.

Ask Your Own Real Estate Law Question
Ask RealEstateAnswer Your Own Question
RealEstateAnswer
RealEstateAnswer
RealEstateAnswer, Lawyer
Category: Real Estate Law
Satisfied Customers: 29,488
29,488 Satisfied Customers
Experience: 10+ years in handling Leases, Landlord-Tenant, Foreclosures,Mortgages, and Eviction cases

RealEstateAnswer is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

5,436 satisfied customers

17 years of legal experience including real estate law.

Barrister

Barrister

Lawyer

11,126 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

7,785 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

7,559 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,207 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,925 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

< Previous | Next >

Related Real Estate Law Questions
I was elected to a condominium board of directors. Trying to
Hi, I was elected to a condominium board of directors. Trying to get board meeting, but other board members do not respond. What to do? … read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
I owe to a timeshare both purchase payments and maintance
I owe to a timeshare both purchase payments and maintance dues around 640 per month. I simply cant afford. My job has reduced all employees hours by aroun 25% i was marginal before that. I need some a… read more
Attyadvisor
Attyadvisor
Doctoral Degree
7,157 satisfied customers
Our condominium complex is in need of major repairs. The HOA
Our condominium complex is in need of major repairs. The HOA is getting competitive bids, but they are not being transparent about the process. Information is being leaked to the community about the c… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,340 satisfied customers
Here at our condominium we have a requirement for approval
here at our condominium we have a requirement for approval prior to occupying any unit. We have a woman who put her nema on a property deeded to her father (now passed away) who was never approved by … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,340 satisfied customers
Can a management company of a condominium building fine
Can a management company of a condominium building fine owners for anything they feel the owners or their friends do that they feel wasn't right. … read more
Thomas Swartz
Thomas Swartz
Attorney
Juris Doctor
2,848 satisfied customers
PURCHASED A PROPERTY IN OCEAN RESORTS AND HIRED A BUILDER
PURCHASED A PROPERTY IN OCEAN RESORTS AND HIRED A BUILDER BUT AFTER PLANS WERE MADE AND APPROVED AND PAID FOR 6 MONTHS EARLIER, THE COUNTY STATES THAT MY BUILDER AND CAM SIGNED OFF ON THE INCORRECT LI… read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
My fiancé was working at a condominium clearing ice dams at
My fiancé was working at a condominium clearing ice dams at the request of homeowners. While working on a ladder he was knocked off by a huge falling icicle about him. EMTs responded to the scene and … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
In condominium association all parts of building and stairs
In condominium association all parts of building and stairs exteriors (aesthetic and structural) have to be maintain by HOA or individual owners? … read more
LegalGems
LegalGems
Juris Doctorate
10,698 satisfied customers
I live in garden villa service maintenance association and
I live in garden villa service maintenance association and our monthly dues pay for repairs and replacement of siding roofs and gutters. The maintenance is always ongoing and our monthly dues increase… read more
Attyadvisor
Attyadvisor
Doctoral Degree
7,157 satisfied customers
I own a rental property in a resort in South Carolina. When
I own a rental property in a resort in South Carolina. When we bought it, the amenities were included in the contract, pool, gym and beach shuttle. New management removed us from the rental program, w… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
996 satisfied customers
I wrote earlier about Timeshare Wholesalers, however, my
I wrote earlier about Timeshare Wholesalers, however, my computer dropped off line … read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
18,356 satisfied customers
We own a timeshare. It is paid for but we can no longer
we own a timeshare. It is paid for but we can no longer afford to pay the maintenance fees which will be due in January. Is there a way that we can legally surrender the timeshare without jeopardizing… read more
RealEstateAnswer
RealEstateAnswer
Lawyer
29,488 satisfied customers
In Florida, if an owner buys a condominium that was
In Florida, if an owner buys a condominium that was renovated without permits or inspections, would they not be required to get a Certificate of Occupancy to close on the title? … read more
Damien Bosco
Damien Bosco
3,388 satisfied customers
I live in a townhome/condominium in Houston with a
Hi, I live in a townhome/condominium in Houston with a Homeowners Association, and the back fence on our building of 8 homes came down with the winds during Hurricane Harvey. Four of the homes had a 1… read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
18,356 satisfied customers
I have a timeshare in florida that I walked away from in
I have a timeshare in florida that I walked away from in 2006. I received a certified letter in yesterdays mail placing a lien on the property. I live in texas and don't want the property anymore. wha… read more
RealEstateAnswer
RealEstateAnswer
Lawyer
29,488 satisfied customers
I am wanting to release and terminate my timeshare with
I am wanting to release and terminate my timeshare with diamond resorts...it is paid off but I never use It....I am a little behind on the fees but can pay them off. … read more
Ray
Ray
Lawyer
Doctoral Degree
7,559 satisfied customers
I have a Wyndham Resorts Timeshare. I live in California and
I have a Wyndham Resorts Timeshare. I live in California and I want to know if its even possible to cancel this? I've been paying this for little over a year now … read more
RealEstateAnswer
RealEstateAnswer
Lawyer
29,488 satisfied customers
Can timeshare in Mexico sue for nonpayment of maintenance
can timeshare in Mexico sue for nonpayment of maintenance fees? I live in Washington state. … read more
Attyadvisor
Attyadvisor
Doctoral Degree
7,157 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x