Original Message:
Re: Current info on walking away from a timeshare (by Dr. K.):
janets339 wrote:Are these charities willing to pay the monthly maintenance fees??
If a charity is going to have you continue to own and hold title until they sell it, they won't pay any fees. If, like Donate For A Cause they will take title but don't want the financial burden, they will charge you a few thousand dollars to see them through until they can sell or get rid of it themselves. If the charity is going to take title, but not worry about their credit history, they will charge you a fee because they won't sell it, but they usually won't cost as much as DFAC does.
The final answer is that it depends on who holds title at the time the resort bills are generated. The law is specific. Once title is transferred all new bills go to the new owner. The resort can't go back to a previous owner and bill them. The key is the title recording date must be before the bill generation date (not the due by date).