ANSWERS: 1
  • You would have to read your purchase agreement to see what they can and cannot do. The time share I had (P2P/RCI) stated they could charge interest at some outrageous rate ( 10% compounded monthly or something close to that) and after a certain time, would foreclose. There was another clause however that allowed me to retrieve/recover the time share if I paid all the outstanding balances within a year. You might also want to get some legal advice for the state where you live.

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