Timeshare Foreclosures – Is Mine Next? If you haven’t been paying your maintenance fees there is a good chance of it. More and more timeshare resorts see past due timeshare owners as a source for more inventory to sell. They depend on the maintenance fees and once a timeshare owner stops paying their maintenance fee they usually have the right to foreclose on your timeshare.
Such is the case with Star Pass Golf Suites Association. They have filed a notice of default against at least 47 timeshare owners due to delinquent fees. These fees range from $1,000 to $6,500 and total up to a whopping $147,000. (source)
The auction of these timeshares is scheduled at the county courthouse and there’s early interest from buyers for these timeshares.
More about Star Pass Golf Suites Timeshares Resales: Located high above the city of Tucson, adjacent to the famous Starr Pass Golf Club, the spacious lock-off units feature complete kitchens, fireplaces, and patios.
Timeshare foreclosure auctions are also a great way for buyers to purchase more weeks at their favorite resort or just add points to their own inventory at a huge discount. The county where the timeshare resort resides is the best place to keep an eye out for timeshare auctions. From personal experience I can tell you there are some counties in Florida that auction off foreclosed timeshares at least once a month.
If you are one of the unfortunate ones who do not want to pay maintenance fees but don’t want to hurt your credit, consider selling your timeshare to get what you can out of it. You may not get what you expect but at least you can make those maintenance fees go away. Forever!