How best to handle past due maintenance feesfor a timeshare?
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How best to handle past due maintenance feesfor a timeshare?
I own a timeshare in PA which was purchased while I was living in NY. The timeshare is paid in full, the only thing owing are maintenance fees for the last few years. A collection agency contacted me concerning the past due maintenance fees. I have not used the timeshare and do not intend to do so in the future and would like to sell same. Selling timeshare seems to be a mission impossible. The collection agent stated that I needed to contact her within the next 10 days as this is a time sensitive matter. What does that mean and what recourse do I have? I believe that the SOL on some of this is past.
Asked on September 12, 2011 under Bankruptcy Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The first thing you need to do is ascertain the amount of past due maintenance fees that are due and when they become due. Potentially there are statute of limitations issued barring a lawsuit for the collection of the amount claimed owed as to the time share.
The demand that you contact the collection agency for moneys allegedly owed is a request by the third party collection agency to try and have the claim against you placed in a position for possible payment by the date requested.
If you do not want to pay the maintenance fees claimed owed, most likely there will be a lien placed upon your time share for payment and if payment not made by you, there will be a lawsuit filed against you to perfect the lien where your time share could be sold to pay the amount claimed owed.
Good lcuk.
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