Page 3
If You Do Nothing
What the resort does — stage by stage
Client
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Resort
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Monthly / Yearly
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Quote / Stage
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The resort will not help you exit.
The same company that sold you this controls the exit too. Their answer is always the same — keep paying.
What Happens If You Stop Paying
1
Collections Start Immediately
Automated calls and letters begin within days of a missed payment. All three credit bureaus are notified within 30 days. Most owners see a 100–150 point credit drop almost immediately.
2
Two Paths — Depends on Your Age
55+: Resorts intentionally skip foreclosure and wait. When you pass, your heirs inherit the full obligation — the resort gets a fresh collections target.
Under 55: Formal foreclosure begins within 12–18 months. Judgment liens attach to your other real property. Credit destruction lasts 7 years.
Under 55: Formal foreclosure begins within 12–18 months. Judgment liens attach to your other real property. Credit destruction lasts 7 years.
3
It Does Not End When You Do
This is deeded real property. It passes to your heirs automatically. We will cover exactly what that means on the next page.
The window matters. Waiting does not improve your position — it worsens it. The sooner this is documented and filed, the cleaner the exit.