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Jay Jay is absolutely right! Worst advice ever. Please don't base any decisions on this article. Many people think timeshare owners can simply turn the timeshare back or walk away from the contract without repercussions. Wrong! A timeshare is treated the same as regular real estate. Foreclosure- There goes your credit for the what seven years?, and you'll find it difficult, or impossible, to finance a car, get a loan or even buy a home. If it sells at auction it off it rarely fetches the amount needed to pay what is outstanding- including late fees, Your timeshare company can still sue you for the balance owed. Seek legal counsel and review your options before you decide this course of action. Deb