Legal Question in Real Estate Law in Florida

Timeshare foreclosure

My friend owns a timeshare here in the us but lives in another country. This person is not a us resident but was a visitor and got caught into buying a timeshare. This person in now unable to afford to pay anymore after two years. If they stop paying the mortgage and fees , will it affect their credit or them in any way.


Asked on 10/30/08, 10:31 pm

1 Answer from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: Timeshare foreclosure

It will affect his credit in the U.S. Very few companies or banks outside the U.S. rely on U.S. credit bureaus, though.

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Answered on 10/30/08, 11:11 pm


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