Exit Strategy

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Original Message:

Re: Exit Strategy (by Lance C.):

dalep123 wrote:
I am merely seeking some sound advice to rid myself of several of my timeshares that I still owe mortgage balances on, without ruining my credit rating?

If you still owe mortgages, then you will have a tough time. Your best bet is to contact the resorts' respective Homeowners' Association and explain your situation. Ask them if they will take the units back in lieu of foreclosure. They might negotiate with you, they might not.

But do not pay any third party an upfront fee to supposedly "cancel" your mortgage and timeshare.