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Re: Buying timeshares (even resale) (by R P.):

Very good information Ken. That's why due diligence before buying is so important.

However there are some Ebay sellers that are companies that have taken over timeshares from clients that have paid them $3000 - + just to get rid of it for whatever reason. These companies won't take timeshares where there are liens or maintenance fees due.

I don't condone this type of business, but they do offer some very good deals on Ebay for $1 or very minimal costs and they come out way ahead financially by doing so.

ken1193 wrote:

Price alone is not enough information. You also need to ascertain whether there are unpaid maintenance fees, unpaid "special assessments", unpaid late fees. Someone will have to assume responsibility for those debts before ownership can actually be transferred -- any guesses on who that might be ?

You could easily have a "winning bid" on a timeshare for $1.00 on eBay, only to then promptly discover that in order to acquire clear title you then need to spend a few thousand dollars to clear up the liens and unpaid debts, then a few hundred more on top of that for closing costs, if you use a closing company. Do not be deluded by being able to purchase for pennies ---there is likely a good reason WHY it's so cheap! A "winning" bid might well quickly become a "losing" proposition. Beware!