Original Message:
Re: Re: My timeshare is paid in full, but I just don't want it anymore (by Lance C.):
lindar876 wrote:Were you able to get rid of your timeshare ? I’m in the same boat…. Would like to know how to proceed
You need to provide a few more details. As the title of this thread suggests, is your timeshare fully paid off? Are you up to date on your maintenance fees? If not, then it will be dang near impossible for anyone to take it.
What is the timeshare resort system? Is it independent or a name brand? If it's with Wyndham, Westgate, or Diamond, you can check out each one's deed back program. As well, you can advertise on websites such as here on RedWeek, E-Bay, Craigslist, or Timeshare Users Group (aka "TUG"; tugbbs.com) that you want to give your unit away.
If all those fail, then your final option would be to just stop paying maintenance fees (and mortgage if you still have it) and let the unit go into foreclosure. However, keep in mind that you will probably face a bunch of collection calls and letters as well as a possible hit to your credit score or rating.
The big thing to avoid are these companies that claim they can cancel or exit you from your timeshare. Those are usually scams so avoid them.