Years ago my husband and I purchased a time share from Silverleaf Resort we got a good buy because my aunt and uncle also were owners and recommended us. We had alot of bonus time and our maintenance dues were cheap.
We paid it off on time, these payments were coming out of our bank account. When the Time share was paid off you still owed monthly maintenance fees and thought it was still being taken out of our account. It never was, long story short, silverleaf seized our time share for non payment. In which we couldn't pay at the time.
Meanwhile we also purchased another time share with Silverleaf under a Diamond owner. Which does us know good because we lost the other and have no time exceot once a year in November so we are out money for one and have another that we can not use.
Monetary Loss: $9800.