With the current state of the economy timeshare foreclosures are at an all time high, many timeshare owners who purchased directly from the resort might find themselves facing a tough decision, whether to continue paying their high interest rate timeshare mortgage or to foreclose on the loan. Below we will look at [...]

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 [...]