From: "Don" 
Newsgroups: misc.invest.real-estate
Subject: Re: Defaulting on Time Share Question.
Date: Mon, 27 Feb 2006 17:26:04 GMT

 wrote in message 
news:1140985097.997706.292270@p10g2000cwp.googlegroups.com...
> So, what would happen if I just bought a Westgate Orlando timeshare and
> now simply stopped making the monthly payments.  The monthly payments
> haven't even started yet and I only put $200 down but now that I'm
> looking at the whole picture it seems totally insane and in order to
> get out it would just be easier to default on the whole thing than try
> to resell it.  (total loss $200 almost offset by some free Disney
> tickets).

Are you sure you "bought" the timeshare? If you just put down $200 as a good 
faith deposit and will be signing the papers to close the deal at a later 
time, you can probably back out with only a loss of $200. If I were asked to 
name what I consider to be the single worst financial investment on the 
planet, I would reply "timeshares."