Tag: timeshare foreclosures

Current Economy and the Timeshare Industry

Recently Fitch Ratings released a report concerning the timeshare industry. They found timeshare mortgage defaults were up sharply during the third quarter of 2008. During September of 2007 the default rate was 3.1 percent, compared to 4.1% during the same time period of 2008. The timeshare industry has been fairly resilient to the recent economic […]