Legal Question in Real Estate Law in Florida

What legal recourse does a condo timeshare corp. have regarding me not paying maintenance fees. My wife and I inherited three timeshares from her father-in-law about ten years ago. Our maintenance fees just kept rising, so when they reached fifteen hundred a year I gave one to my brother which he sold after four years and prior to the real "real estate market" crashing. Approx. three years ago I retired and could no longer afford the properties. I sat down and wrote the managing groups for the two remaining properties in North and South Carolina and offered to do a "deed in lieu". Since the properties were paid for by my father-in-law, I figured they would take them back but instead I simply got a phone call saying they were not interested and the bills kept coming. After a year plus of phone calls and monthly bills, the management corp. for one of the properties said they would take back the property and cancel all debt, the second and last would not. Last year VRI turned my debt at Fox Run Association in Lake Lure, N.C. over to Meridian Financial Services in Asheville N.C. (Collection Agency). I feel strongly that the collection agency is owned by the timeshare corporation and that this is another ploy to get me to pay. This past week I received my $1000. 00 bill for the year for a total of $2000.00. What are the legal ramifications for failure to pay this bill. This property is basically a boat anchor and the timeshare industry is in much worst condition than the home mortgage industry and home foreclosures are currently through the roof. This whole industry of timeshares just ticks me off but I do realize that indifference to the law falls somewhere close to ignorance. My credit has not been affected. Basically, I feel that because this last property is the oldest property, built in the late 70's, they can't sell them either. If it matters my home residence is in Florida.

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