Re: NEED TO KNOW WHAT TO DO ASAP ABOUT TIMESHARES

Posted by Steve on February 14, 2003 at 19:54:45:

In Reply to: NEED TO KNOW WHAT TO DO ASAP ABOUT TIMESHARES posted by mk on February 14, 2003 at 15:48:10:

We just went through this with my parents. My dad had a heart problem and they could no longer afford the payments. I called the lender to ask for help, and they offered a deed in lieu of forecloser. Bascially they are taking back the deed on the property relieving my parents of the burden. It will still show up on their credit report, however, it is not as severe as a foreclosure.

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: We just went through this with my parents.  My dad had a heart problem and they could no longer afford the payments.  I called the lender to ask for help, and they offered a deed in lieu of forecloser.  Bascially they are taking back the deed on the property relieving my parents of the burden.  It will still show up on their credit report, however, it is not as severe as a foreclosure.


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