Bluegreen Resorts
Refinance Refused After Layoff, Foreclosure Suggested Instead

My husband just got laid off and I contacted the mortgage department for some help. We asked if they could refinance at a lower rate (now 10.25%) so we could get a lower more manageable payment. They refused to help and would rather take you into foreclosure than to help you keep things good with them. The man was very nice but said Bluegreen policy doesn't allow you to be refinanced with them you would have to go to an outside source which is impossible because no one will finance a timeshare! So he said that if I would go without paying for 5 months they would foreclose and that would stay on our record for seven years, rather than help. My advice is to never buy a timeshare because it isn't actual property that is of value to you!

Pearl

Company: Bluegreen Resorts
Country: USA
Site: bluegreenonline.com

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