We have a time share and don't want it anymore. Now a lien has been placed. Can't we just give it back?
Asked on 7/23/10, 2:48 pm
1 Answer from Attorneys
Cedulie Laumann
Arden Law Firm, LLC
No, not unless the other party wants it back and agrees to release the lien. There is a limited right to cancel a timeshare immediately after purchase. Otherwise you can ask for the lienholder to accept a deed in lieu of foreclosure, but this is strictly voluntary.
Answered on 7/26/10, 7:01 pm
