Time-Shares/Ex took timeshare

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Question
We bought the TS in 1995 after our infant died.  We didn't use it.  We were divorced in 2000, he took over the TS for his new family.  He didn't put it in the divorce and I had forgotten about it until the TS/landor called to tell me I owed $10,000.  I told them I was a single Mom with 2 children, not getting child support. I simply cant afford it.  Now it is on my credit report and am having even more problems. What can I do now?

Answer
Linda,

It sounds like your ex-husband never transferred the property out of your name. If it was mentioned in the divorce that he was receiving the property then you can show that to the lendor and credit agency. If it was not stipulated who received the property in the divorce decree then I would suggest contacting an attorney regarding the matter. You may be able to prove that he is responsible for the remaining balance because he has been using it and you have not.

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John Kushman

Expertise

I can answer any questions regarding the timeshare industry, developer sales, resales, vacation clubs, donation, liquidation, listing, for sale by owner, RCI, II, SFX exchange. Anything related to timeshares or campground memberships or fractional vacation real estate

Experience

I have been in the industry for 7 years. I started selling timeshare for a developer in South Dakota. I then transitioned into the escrow side of the resale market and I am currently the VP of Sales and Marketing at Resort Closings, Inc. Resort Closings Inc is the largest timeshare escrow service in North America. It provides full service timeshare transfer as well as sales.

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High School Diploma. 3 years of Higher Education.

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