Answer: Timeshare obligations are installment loan obligations, not housing obligations. Timeshares are not considered real estate. A loan secured by an interest in a timeshare must be considered an Installment Loan and not a housing obligation, even in the event of a foreclosure. Reference: Handbook 4000.1: II.A.4.b.iv.(H); II.A.5.a.iv.(G) Copyright – 2016 –  

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