Legal Question in Real Estate Law in Texas

I have a timeshare in Texas. I have tried to sell this timeshare but have found no market for it. The yearly maintenance fees keep skyrocketing from $300 the first year when I bought it (1996) to now at close to $800 a year. Isn't there a way to get out from under these timeshares legally?


Asked on 2/21/10, 6:41 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

This is one of my soapboxes. Nobody should ever, ever, ever buy a timeshare. They are a bad deal. With that said, if you quit paying, you will have a black mark on your credit and they could try to collect. If you are a candidate for bankruptcy, that obligation could be wiped out in the bankruptcy. Other than that, your only hope is to find a buyer or work something out with the lender such as a deed in lieu of foreclosure. Best of luck.

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Answered on 2/27/10, 5:26 am


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