What Happens If You Stop Paying Your Fees?

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Made Easy
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Some owners find themselves in a terrible position: They can’t afford to keep paying annual maintenance fees, and they can’t easily get rid of their timeshare units. Then, in a fit

Some owners find themselves in a terrible position: They can’t afford to keep paying annual maintenance fees, and they can’t easily get rid of their timeshare units. Then, in a fit of frustration and desperation, they decide to just stop paying the fees. After all, they think, what’s the worst that can happen?

 

Actually, the worst is quite bad. The failure to pay your annual fees is a breach of your agreement that will typically give the resort the ability to foreclose on your timeshare property interest. In the context of a How to get out of my timeshare, this means that the resort legally takes your property interest and uses it to pay itself the money you owe.

 

And, in states that allow lenders to come after assets other than the loan collateral, a resort may even be able to get a judgment against you for outstanding amounts, even after it has disposed of your timeshare. This can include a lien on your other property. Even if they don’t, the hit to your credit from a foreclosure will be enormous.

 

Of course, a problem with this (for both you and the resort) is that timeshares often don’t have much value, so it’s unlikely that a foreclosure will make the timeshare company whole. In that case, a timeshare company may use other tactics that can make your life even worse. 

 

They can turn you over to a debt collector, who can make your life miserable with constant phone calls and harassment. The failure to pay your annual fees will also definitely show up on your credit report and affect your credit score. This can have lasting effects for years — good luck ever getting a loan for anything else with such a negative mark on your record. 

 

For this reason, Centerstone Group strongly urges against the strategy of failing to pay your fees. Every day, we work with owners who feel stuck in their timeshares. We can use our own proprietary strategies to put pressure on resort developers and find other legitimate ways to exit, like our transfer program, where we match you with another party who is willing to take over your unit and pay the maintenance fees.  

 

Our BBB reviews and accreditation speak to our success. Let us try and help you.

 

Unburden Yourself
Many timeshare owners are disheartened when they discover the reality of annual maintenance fees. Worse than that, the never-ending parade of ever-increasing fees can sink you financially. That should never happen as a result of just trying to take nice, relaxing vacations for the rest of your life.


Signing up for a timeshare might have been a mistake, but don’t beat yourself up about it. Ignoring the problem or continuing to pay for a timeshare unit that you don’t want are non-solutions that will only make your problems worse. If you can’t take it anymore, reach out to Centerstone Group today for a free consultation and case evaluation.

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