Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

4237a7f4-2806-581d-93ec-48727ea998f7

  Quite a few years ago I purchased a timeshare in Las Vegas. I did the paperwork in Virginia, The timeshare was in Nevada and I live in California. The timeshare was recently sold to Wyndham Vacation Resorts and they found that the Deed of Trust and Assignment was never signed. Due to an illness in my family and mounting medical bills I have tried to sell the timeshare with no success. Since I am still paying on it I reserved a weekend coming up in a few months. I received a phone call stating that if I don’t sign the deed and have it notarized I cannot stay at the resort. Since the property has never been deeded can I walk away from it? If I just stop paying for it can they foreclose on it if it has never been deeded? What options do I have?
 
  Take all the documents you have to a lawyer who specializes in real estate.  You ought to do that promptly, too, because this will be harder to clear up as time goes on. 
    Edith
Originally published on July 7, 2008
 
    Back to Summary