foreclosure in Vegas, international owner

05-28-2009, 10:22 AM

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Join Date: May 2009

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foreclosure in Vegas, international owner

What is the name of your state (only U.S. law)? NV

Here is the scenario: Relatives abroad purchased a timeshare in Las Vegas. They now do not want the timeshare, and are considering walking away and allowing it to be foreclosed upon. Does anyone know the consequences for doing this? I understand their US credit would be ruined, but where they live there is no such thing as a credit score. Would the mortgage holder be able to come after them in their home country?

Thanks for any help!

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