As most of you know, it seems that Holiday Group out of Seattle has gone out of business. As in completely gone out of business.
The last time I checked, there were hundreds of timeshares for sale on their site. There has been some speculation that trying to pay all of those annual fees was one of the contributing factors to their apparant demise.
So what is going to happen to all those timeshares and more importantly, what is going to happen to all those unpaid annual fees? My guess is that the resorts in question are going to take a hit and then pass that hit onto other owners. A raw deal for everyone concerned.
I'd appreciate knowing if there is a "spike" in annual fees around the country or in a specific geographic region owing to this debacle.