About 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
Question Is it possible to EVER get out from ownership in timeshares? I have two weeks with Silverleaf, and I would like to get rid of them. What are the consequences if I stop making payments. I have married since purchasing the timeshares, and my name is not on our mortgage.
Answer I understand your frustration - it is possible to sell timeshares - but there are a percentage of timeshares you cannot give away. I had one gentleman write to me who was going through the process of foreclosure on his Silverleaf timeshare. He said he spoke to an employee that told him Silverleaf doesn't report it to the credit bureaus - however, I would not rely on that. I have not received a follow-up to see if it is in fact true. What will happen is the usual scare tactics - pay or we'll report it, etc.
At best, they take the timeshare back and you're done with it. They could report it to the credit bureaus - so it could affect your credit negatively as well.
If you get behind in maintenance fees - that is a separate issue. It would be similar to stopping payments for a gym membership. Yes, they could sell the bad "debt" to a collection agency and then there is the hassle of dealing with them - but they eventually will go away and can't really do much except report it to a credit bureau.
So, the consequences are the following: dealing with harassing phone calls and threats in order to collect, foreclosure on the timeshare (you'll lose it), and perhaps a negative report on your credit.
