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Your ownership will likely enter into foreclosure and this will stay on your credit report. If you're trying to offer your timeshare, it's best that it remains in excellent standing. Lagging on fees and dues means it will imply it will be much more challenging to get out of your ownership.
Similar to a house home loan and deed, you can't simply cancel them. Paying a lawyer upfront fees to get you out of your timeshare is not the very best route to take. Frequently these exit companies will take your money and not help you at all. If you think you've been introduced to a timeshare fraud, call your developer or ADRA and let them know. http://louisghpd992.cavandoragh.org/indicators-on-what-does-a-foreclosure-cover-on-a-timeshare-you-need-to-know |
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