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You asked, "who then becomes the willing legal owner? Somebody has to own it." After the timeshare resort doesn't receive any fees for some period of time, I assume the timeshare resort will use foreclosure to regain the title to the timeshare and then sell it to someone else. I was glad to learn that an estate can "abandon" a timeshare that is worth only $1 on the market and has a total of around $1000 in fees and taxes each year.