We are living in the UK, and number of years ago we purchased a 2 week slot - timeshare - in Vistana Spa, Florida whilst on holiday. We paid in full for the 2 bedroom apartment 2 weeks slot, with only the regular yearly maintenance payment.
We are in a situation whereby we are unable to pay for the yearly maintenance and notify the company of this and stated the they could take our ownership, which we are now happy to lose. They have sent us letters advising that they are not interested on our ownership and want their maintenance paid asap. Yet again we have verbally advised them of our current situation and responded that they couldn't help us and reminded us that we would incur interest of overdue payments..
So, we are in a situation that we cannot afford to pay them and we do not want our ownership, plus its is difficult to sell on to anybody.
Obviously, we will be going the road of where we will be in debt to them, so can you advise us whether the American debt collectors are able to chase us in the U.K for this debt owing in Florida for the Timeshare...??
Many thanks in anticipation for any help, as it would be appreciated as my wife is very worried about this..