Should buying a timeshare loan reported as a Mortgage/ Real Estate on CR

[Anonymous]

I have a $15000.00 time share loan reported on my experian report, I signed a mortgage document and received a deed paper but when Experian contact Orange Lake in Orlando after I disputed it to be REAL ESTATE, Experian says that somebody from Orange Lake Condos(Disney) says that it is only a Timeshare Loan. Who can help with this????

[ShanetheMortgageMan]

I've never considered time shares to be real estate, because essentially you are the owner of time and aren't on the title of the dwelling.  If you are on title of the home, then I think you'd have a leg to stand on.  On the loan application we aren't required to put in the schedule of real estate a time share property, nor are lates on a timeshare looked at as mortgage lates when it comes to credit qualifying.