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What if my timeshare mortgage loan exceeds it's sale price?
With what I see and hear about the economic situation and real estate would selling the timeshare even be an option? I am prepared to take a loss even a big one. Just want to get out of the timeshare payments and look into getting one from the secondary market w/out the mortgage and high interest rate.
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Many timeshare owners are finding themselves in this possible situation lately due to the economic climate. The reality IS that many timeshares have very little or no cash value now days, so sometimes selling is not a viable option if the seller owes more than the resale market will likely yield.
TimeShare Adventures offers not only
For Sale/Rent By Owner services, but also a
Guaranteed Mortgage Relief Program to assist those who may find themselves stuck in a timeshare mortgage contract with no realistic possibility of ever successfully selling the timeshare for enough cash to cover what's owed.
I would advise contacting one of our timeshare specialists at
1-800-581-7330 to determine the cash value of the timeshare and whether selling is an option and if you/your resort qualifies for the
Mortgage Relief option.
Also, you may want to use our timeshare
Mortgage Calculator to forecast the reality of exactly how much the timeshare will cost you if you continue to pay into the loan. It's a grim outlook, but we can help you escape!