Consumption and Real Estate
If I default on a Florida timeshare, will I owe any $ after they resell or auction it off?
Question : If I default on a Florida timeshare, will I owe any $ after they resell or auction it off?
Would you have a Statute where I could do some research?
florida timeshare
Best answer:
Answer by brainiac
Possibly, but it depends entirely on your contract. Read your contract carefully, the answer is in there somewhere.
As the owner, you need to have an exposure. That is exactly what those Timeshare Resale Services provide. With Ad-Listings, your timeshare is made securable to the interest of other resale companies, rental companies and most importantly, potential buyers.
Or if you’re up to it, you can just not sell it and donate it to charity. As a consequence it will reflect a write off on your tax return. If you want, you can also exchange it in for another timeshare week at a different resort. You can actually trade what you have for something better.