ANSWERS: 1
  • A foreclosure on a timeshare property works in much the same manner as a foreclosure on a single family residence. The exact laws will vary by State and the lender involved. Likewise, the length of the redemption period may be shorter than for a single family residence. The terms set forth in your original mortgage note may be helpful. Those are found in your original closing package. Here is a good place to research State-specific laws ... http://www.forecloseddreams.com/state_by_state_foreclosure_guide

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