Legal Question in Real Estate Law in Mexico

Timeshare forfeit payments on promissory note

what legal actions can be placed on me if I quit paying on my timeshare purchased in Cabo San Lucas, MX from a secured promissory note?


Asked on 12/22/04, 8:20 pm

2 Answers from Attorneys
Romelio Hernandez HMH Legal

Re: Timeshare forfeit payments on promissory note

The seller could sue you probably in Mexico based on the note and get a judgment that he might be able to later enforce in the US (or wherever you live). There are certain requirements to make that judgment enforceable.

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Answered on 12/30/04, 8:50 pm
Rafael E Castro Law Office

Re: Timeshare forfeit payments on promissory note

The promissory not gives action to the creditor called "executive", with the right to seized assets of your property, at the begining of the trial.

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Answered on 12/22/04, 9:31 pm


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