Getting out of a timeshare deal can be no holiday
Columnist David Lazarus answers your consumer questions in this one-minute video.
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Janet and her husband have a vacation timeshare, which they like. What they don’t like are the annual dues, which have risen to $3,500.
Janet wants to know: If they stop making payments, can the timeshare company place a lien on their home?
ASK LAZ: Smart answers to consumer questions
It seems like lots of people find themselves in a similar position. They sign up for a timeshare thinking it will save money on vacations, and then discover that they’re locked in to a system they don’t like or are paying far more money than they originally thought.
There can be serious consequences if you stop making payments. As for whether a lien can be placed on your home, check out today’s Ask Laz video.
If you have a consumer question, email me at [email protected] or contact me via Twitter @Davidlaz.
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