Legal Question in Real Estate Law in Alaska

Re: Real estate

The HOA could end up foreclosing on it through lien sale and taking title to it. List the property through several on line brokers specializing in time shares. Reduce the price and sell it, rather than give it away by abandonment.

Re: Real estate

I see this pertains to Alaska law, and as a California lawyer I can't give you a definitive and reliable answer, but probably, like unpaid taxes, it will become a lien and will ultimately erode your equity and you'll lose title. Since such matters are governed by contract as well as statute, I'd suggest digging out your purchase documents, management contract, etc. to see what they say.

I do know of a few cases where timeshare owners have been hassled over non-payment, but as I recall they had stopped making payments on their purchase contract, not their maintenance and taxes after completing the purchase. I have nver heard of anyone being sued for non-payment of annual maintenance fees, but I'm sure that's happened.

What avenues have you explored in connection with disposing of it? There are services that purport to help folks with timeshare disposal - one being www.timesharerelief.com. I mention them without knowing how effective they are, but maybe worth investigating.