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Time-Shares/timeshare forclosure

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Expert: Andreas Rossler - 10/31/2007


Question
I purchased a timeshare with my ex-boyfriend in Las Vegas NV at the Grandview Suites. Part of Eldarado Resorts. Since he has left the state and has never paid anything on it I kept it up for as long as I could.I have falling on bad time lost my job and I am totally unable to pay the payments or the maintenance I am about $1000 in the rears.  What can I do but let them foreclose?  Please do you have any suggestions?

Thanks

Marsha

Answer
Explore selling or renting it.  Take a look at eBay for timeshare prices.  You may be able to refinance through www.leisurecredit.com - tell them Andreas from Timeshare Village sent you.

Call a few resale brokers to get an idea of the resale market (just do a search on "sell timeshare").  However, no matter what they say, no matter what they promise, no matter how small the fee is - NEVER pay an up front fee to sell.

Start with the above and do a bit of homework.  When you are ready, you can write us direct and we can see what might be possible:  sales@timesharevillage.com  

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Andreas Rossler

Expertise

I'm able to answer general questions on timeshares and specifically in regard to purchasing, renting or exchanging timeshares on the secondary or resale market and through the Internet. I have expert knowledge in sales, mechanics (how and why timeshares work), and timeshare exchanges. I am also well versed in timeshare financing and may be able to guide you to better financing or refinancing options for your timeshare purchase. If you ask questions of a legal nature, or those requiring tax advice - I may not be able to answer fully.

Experience

I have 10 years of industry experience in sales, management and processing. I'm currently CEO of Timeshare Village, a resource for timeshare owners and industry professionals.

Organizations
Mensa - Life Member

Publications
I have been interviewed by Channel 7 News in the Bay Area of California regarding my opinions on Worldmark, the Club timeshares as developed by Trendwest-Wyndham Resorts.

Education/Credentials
MBA - Master's in Business Administration BS - Mathematics BA - Economics California Real Estate Broker

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