Legal Question in Credit and Debt Law in Mexico

mexico timeshare

We have two timeshares in mexico. The maintenance fees have sky rocketed over the past few years. We have tried to sell them, with no luck. These are paid for in full. The question is, can we stop paying the fees without fear of negative credit reporting. I realize we would loose all rights to use.


Asked on 11/10/07, 6:10 pm

1 Answer from Attorneys
EDGAR MEDRANO INTERNATIONAL LEGAL COUNSELING, ATTORNEYS AT LAW

Re: mexico timeshare

Timeshare in Mexico is considered as a property with specific situations. You should try to sell it, however if you do not pay, basically you will lose the rights considered in the Contract. There are variations of Timeshare contracts, so it is very important to read carefully what the clauses state as for termination or cancelation of the referenced contract, before stopping the payments.

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Answered on 11/20/07, 12:23 pm


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