Timeshare Mortgage Balance

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  • Matina Chrones Asks...

    What is the current balance of my mortgage on my timeshare property, a one-bedroom unit at Coconut Mallory Resort #5523521?

    Thanks for your kind help.

    Matina Chrnes

    Bay Tree Says...

    Hi there,

    For that information you will need to contact your resort. The phone number for Coconut Mallory's developer (KGI Resorts) is 386-427-6892. If you are interested in selling your timeshare in Key West, we'll be glad to assist you. Our company handles timeshare resales and rentals for owners - we do not work with developers.

    When you sell a timeshare, a closing takes place (not unlike traditional real estate.) At that time, the title company will conduct a title search, and get the exact pay-off amount from the resort for you.

    Hope this answers your question. If you want more information on your resale or rental options, use our contact form at top of page.