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Re: Current info on walking away from a timeshare

We enjoy using our 2 fixed red weeks and 154,000 Wyndham points and have been TS owners since 1981, but MFs have increased about 6% yearly for us. More than a dozen different companies have called us over many months wanting us to sell our TS to them. The deal is WE HAVE TO PAY THEM about 2 to 3 thousand $ and they'll take the deed off our hands. We investigated and here is their scheme: They set up a LLC (limited liability co) to own the deed, and when they get 20 to 30 deeds into it, they let the LLC go bellyup before they have to pay MFs. They make big bucks from desperate TS owners, and the developers of the properties (owners) get back the deeds. They will then try to sell them for even bigger prices to "new" prospects who aren't familiar with the re-sell market. As I first said, we truly enjoy our timeshares. But beware of the scammers coming at you from all directions. They're out to prove "a fool and his money are soon parted". When the day comes we are too old to use our TS, and if our son doesn't want to inherit, we will try selling on Redweek or check for a local realtor. We won't deal with phone scammers and we tell them to quit calling us.