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I'd have to agree with donp196... Companies don't want to foreclose on you - it's an expensive process, and they have nothing to gain (assuming little to no equity) in the property. Also, you have nothing to lose - they might simply say No. I have a timeshare I need to get rid of because of a divorce - I'd hand it over to whomever wanted it. No horror story and I wasn't scammed, but as a result of the divorce and job situation, I am seriously close to bankruptcy. Like donp196 says, I'm getting rid of it one way or the other. Hopefully they choose to work with me and make it simpler for both of us. If not, I'll try to sell it for $1 incl closing costs or just let it be part of the bankruptcy. There is no way in hell I will pay anything up front to ANYONE, nor will I sit through a 45 minute webinar (salespitch). Companies that don't tell you their services and fees in advance, are scams.