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valatrell · Joined: 31 Dec 2008 Posts: 1 1.35 Dollars($)

If I signed a Quitclaim Deed for a PAID-FOR time-share, had it notarized and given to (soon-to-be-ex) spouse, but spouse neglected to pay maintenanc fees, can I be garnished for back fees, or have my credit rating affected by this? According to the company handling these maintenance fees, they have "forclosed" and my name is still attached. I did not realize maintenance fees could be "foreclosed."

gmakerley · Posted: Wed Dec 31, 2008 12:52 pm Post subject:

yes, indeed, part of your ownership of a time-share concerns payment of maintenance fees on a regular basis. failure to comply with the terms of ownership can result in foreclosure. apparently the time-share company is unaware of your transfer of ownership.

it would be advisable to contact them and make them aware of the situation. but of course, if you were still an owner at the time of the non-payment, you're liable for those payments.

Guest

So, signing a Quitclaim Deed does not change my ownership status? I'm confused.

smithsussane · Posted: Wed Dec 31, 2008 7:41 pm Post subject:

Hi V A!

Welcome to forums!

Have you solely given away the property to your soon to be ex-spouse or are both of you joint owners of the property? If you are a joint owner of the property, then you will be liable for the payments. If your soon to be ex-spouse is the sole owner of the property, then you will not have to pay the dues. In that case, you should inform the timeshare company about that as George has suggested.

Feel free to ask if you have further queries.

Sussane

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Quit claim on paid-for property