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From the Forum: A tangled timeshare problem

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Mortgage Professional America | 04 Aug 2014, 08:29 AM Agree 0
The great thing about MPA's discussion forum is that originators can bring their tough cases to their colleagues for advice. And an MPA reader just shared a tangled timeshare problem
  • Scott M. | | 04 Aug 2014, 08:15 PM Agree 0
    The reasons a timeshare project may be failing are many; some are resolvable, some are not. It may be poor management, poor leadership by the Board of Directors, or more fundamental problems with the resort - a smaller, older and otherwise non-competitive project in a highly seasonal market, or one dominated by superior resorts, is unlikely to be sustainable. We specialize in evaluating timeshare resorts and helping the board or manager to create a plan based on our findings. Sometimes we recommend a liquidation strategy to allow the owners to recover some portion of their past investment in the project. Sometimes we can restructure the project to allow it to generate the activity it needs to become viable again. Sometimes it requires new management. Out reputations and track record in this area are well documented. I would welcome a call or email from the originator. SMacGregor@carymacgregorcom, (702) 279-1432.
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