Are you a timeshare owner in Mexico or are you interested in learning all you can about a vacation club membership? While some timeshares earned a bad reputation in the past, today’s timeshare ownership is a financially savvy way for your money to work for you when it comes to vacation costs.
Wondering who is the best company to work with? The Villa Group Resorts proudly offers one of Mexico’s top timeshare ownership products that members love. They have 10 fabulous beachfront resorts in top tourist destinations in Mexico including Puerto Vallarta, Los Cabos, Riviera Nayarit, Islands of Loreto, and Cancun.
Also, Villa Group timeshare ownership will definitely save you money on traveling costs over time. In addition, there are consequences that could happen if timeshare payments default such as a negative credit score, foreclosure, and cancellation scams.
To learn about timeshare default, keep reading below.
Timeshare Default – What to Know
Firstly, to learn all there is to know about timeshare ownership, one should sign up to attend a Villa Group Resorts timeshare presentation at any of their beautiful ten resorts. Their resorts are located in Cancun, the Islands of Loreto, Cabo San Lucas, Riviera Nayarit, and Puerto Vallarta.
They are well known for their luxurious beachfront suites and world-class amenities like spas, multiple pools, jacuzzis, room service, resort activities, and excellent restaurants, too. The Villa Group timeshare presentation is only an hour and a half long, and it will go over the financial commitment, and benefits, and includes a tour of the resort.
If one decides to join the timeshare ownership program, a membership contract has to be signed, and an initial deposit and dues will need to be paid as well. It doesn’t matter if you have financial problems later, timeshare payments must always be paid on time.
Maintenance Dues and Fees – What to Know
In addition to paying the timeshare payments, timeshare owners have to pay their maintenance fees and dues to use the vacation unit for a set time each year. The maintenance fees are used to keep the vacation units and resort property looking great. If a timeshare owner fails to pay their maintenance dues, then delinquent fees will be added to the bill along with interest.
Members are unable to use their vacation unit if the maintenance fees are unpaid or late. If any timeshare owner fails to abide by the financial obligations in the timeshare contract, then the debt could be sold to a collection agency where the timeshare owner could face foreclosure and more.
Don’t risk problems and remember the purpose of investing in a timeshare is so that you can have a wonderful place to enjoy outstanding vacations with your friends and family in paradise!
Timeshare Cancellation Scams to Avoid – What to Know
Lastly, another risk that could come to a timeshare owner if they don’t make their timeshare payments on time as promised is being scammed by a timeshare cancellation company. The timeshare cancellation companies are frauds that promise the timeshare owner they can cancel their timeshare for them which is simply not true.
The reality is that the only time a timeshare contract can be canceled is during the cooling-off period that happens right after a new member signs the contract. Also known as the cooling off period, the rescission period usually lasts 5 to 14 days.
However, despite this fact fraudulent timeshare cancellation companies will promise the timeshare owner they can do that for them and charge them a large upfront payment, but sadly will vanish without any service being provided. Avoid all timeshare cancellation company scammers so you don’t become their next timeshare scam victim.
This is what can happen with a timeshare default. Remember, it is important to make sure timeshare payments are always paid on time. If you don’t, you won’t be able to use your vacation unit which is a place where families can create cherished new memories together enjoying amazing vacations in Mexico.
In addition to losing access to your timeshare unit, owners who do not pay on time could have their credit score ruined, a foreclosure can happen, and you even run the risk of timeshare cancellation scams, too. If you are interested in finding a genuine timeshare provider in Mexico, contact the Villa Group Resorts.
They have 10 beautiful resorts in top beach destinations in Mexico and all-inclusive vacation packages are on sale right now. What are you waiting for? You and your family deserve the best so give Villa Group Resorts a call to book your stay!