Timeshares are luxury alternatives for your annual vacation. Instead of staying at a hotel, you purchase your own vacation home valid for a specific time frame each year. When you purchase a deeded timeshare, you get property rights to the unit. You pay homeowners insurance, property taxes and maintenance fees on the property. If you finance the unit, you also pay your mortgage note plus interest. Failure to pay your bill results in the timeshare management company taking the unit back and you remind with a summary judgement for the debt.

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