Agent

Beware of time share maintenance fees

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BENNY: I am hoping you can help me with some information. My husband and I bought a time share years ago and over time we upgraded, and then converted to the point system. In that time the company we originally purchased with sold to another company that touted lower maintenance fees if we just paid "X" amount of dollars, so mistakenly we did.

Well, a few years later our maintenance fees went from $700 a year to almost $1,200. At that point my husband and I stopped paying.

My question is: What can they do to us legally? Can they put a lien against our home? We don't care if they take our time share and sell it -- they can have it! I am just afraid there may be worse repercussions. --Lisa

DEAR LISA: If you have stopped paying, the time share developer who controls (or manages) the complex can either sue you for the back fees or foreclose on the time share, or both. You want to preserve your credit stand...