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Foreclosure

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hamzkhan2000 Joined: 20 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Wed Oct 20, 2010 8:58 pm    Post subject: Foreclosure Like 0 Dislike 0 I am a foreigner (non US citizen and not lving in the US) I want to stop payments on a timeshare. What are the consequences. I still owe about $2500.00
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Oct 20, 2010 9:50 pm    Post subject: Like 0 Dislike 0 Hi hamzkhan! Welcome to forums! If you stop the payments, the lender will foreclose the property which will have a negative affect on your credit report of U.S. Moreover, you won't be able to buy a property immediately in U.S. for the next 3-4 years. Feel free to ask if you've further queries. Sussane

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