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Michael is a full-time faculty member of BYU-Idaho's Business Management department. While teaching is his main focus, he maintains a law practice focused on business law, contract disputes, and disability. He is licensed in Idaho and Florida.
Real Estate Law
Commercial Real Estate, Condominiums, Easements, Eminent Domain, Homeowners Association, Land Use & Zoning, Mortgages, Neighbor Disputes, Residential Real Estate, Water Law
Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
A: It depends on the contract, but they almost never will even if it is an option for them. Rather, they'll foreclose and take the timeshare back into their inventory should you fall behind on maintenance fees. I recommend reaching out to the timeshare company and offering to deed or return the property back to them at no cost.
A: I've helped with a few of these. Here are some ideas to discuss with your attorney. First, your attorney should speak with their legal department. They can usually take care of these things fairly quickly. Second, if the timeshare company continues to drag their feet with this, you can dispute the credit reporting with the credit bureaus directly. Good luck and please let me know if you have more questions.