Timeshare Owners at Louisa Resort Facing Foreclosure

by San Antonio Attorney

Hundreds of timeshare owners, especially those in the Richmond area, are now facing foreclosure due to tenant-in-common ownership stakes, as recorded in Louisa County.

The auction is slated for Wednesday at exactly 1:00 pm.  The venue will be outside the county courthouses, which is located at 100 W. Main St. in Louisa.

According to the notice, the main address listed is a house located in 10 Shenandoah Crossing Drive in Gordonsville.  This house also serves as a sale center for Bluegreen Vacations, a Florida-based program for vacation ownership.

Shenandoah Crossing is a club resort that has a 60-acre lake located deep in the wilderness.  The resort’s activities include fishing, hiking, biking and even horseback riding.

Yurts, otherwise known as round canvas tents that have a heating system are provided in the resort.  A recreational vehicle can be used to roam around the vicinity.  Opened in 1989, the resort boasts of cabins and town homes.

The number of timeshared homes can vary and it can depend if the notice will represent more than one owner by default for a timeshare project.  The default date was traced to January 1, 2012, according to the legal advertisement.

The press has tried to call or contact the sales center and the headquarters of Bluegreen Corporation through email.  There has been no reply from the timeshare owners from numerous attempts to contact them.

The stakeholders were already notified of the default and intent to foreclose, as stated by the legal advertisement.  The property owners have already enlisted as an individual unit by owning 1/6,000th undivided interest as a tenant-in-common.

However, he default amounts owned by each timeshare holder costs $2,700 to $20,000.  This is far from the estimated foreclosure cost of $650.  Each listing portrays the unit and week numbers, along with the timeshare.

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