Original Message:
Re: My timeshare is paid in full, but I just don't want it anymore (by JoAnn P.):
Thank you for your reply, Lance C. To update: I called my resort & asked if they had a buy back, give back or deed back program & was told they do not. I told them I could not continue paying the maintenance fees & that (just as you suggested) it would be beneficial for all parties involved to take it back, saying it would eliminate wasted time & money with collections and then foreclosure to just take it back. I even offered to pay next year's maintenance fee - due in January '22. Told them they could then rent it out, (they have a rental program) but they said they were sorry and they couldn't do anything for me because they don't have that type of a program - the take back program. So have a question for you or anyone else knowledgeable & has gone thru foreclosure which I assume this will come to - Question is: Will I have to sign any papers if & when it forecloses? Is there anything I would have to sign, like - signing over the deed to them or anything else? It took a lot of courage on my part to even make that phone call yesterday but I'm glad I did. Any information on what to expect in the future regarding signing anything would be greatly appreciated again. Thank you in advance.