Dec. 15, 2011
Wisconsin Timeshare Foreclosures
Common Sense in Foreclosures
I am crediting the author of this article Jason Trembly of The Timeshare Authority Report. At our recently held Izaty’s Resort annual meeting, foreclosures on the developers remaining unsold timeshare units was discussed. The problem is the developer cannot be located to get the units released.
The association must foreclose, and go through the lengthly legal system to get these units back in inventory so the association can sell them. This procedure will take 6 months to a year or more.
The law Wisconsin just passed would have made it easier for our association here in Minnesota to get our developer units back in inventory for our association to sell. Florida passed a similar law last year. Many more states are following suit.
Wednesday, December 14, 2011
What the Signing of the Wisconsin NonJudicial Timeshare Foreclosure Law Means
Author: Jason Tremblay
Earlier this month, the state of Wisconsin passed a NonJudicial Foreclosure law for Read the rest of this entry »
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