Original Message:
Re: Re: My timeshare is paid in full, but I just don't want it anymore (by KC):
orbitk wrote:My timeshare is paid off in full, I just have Maintenance fees and tried selling it to a company in Mexico and ended up wasting money. Any suggestions?
Not enough info here for a well informed response, but I'll offer some thoughts based upon the limited info provided.
Is the timeshare in Mexico, or is it only the company you sent money to that is in Mexico? An important distinction. If the timeshare itself is located in Mexico, you can (and you should) just stop paying, walk away and don't look back. You don't actually own anything there anyhow; you have a RTU (right to use) contract of very likely zero resale value. There is nothing they can do (or would even bother trying to do) from Mexico if you just stop paying and walk away.
If the timeshare is in the U.S., it's a different story. Is your ownership within a "chain" (such as Wyndham, BlueGreen, Westgate, etc.?) If so, some "chains" have their own "deedback" programs, which will cost you some money to utilize, but which provide a clean, guaranteed, lawful exit. Or, is your timeshare at an independent (i.e., non "chain") property? If the latter, your first move should be to ask the resort HoA to accept a "deedback" (I am assuming in making this deedback suggestion that your week has little or no value in the open resale market). If the resort HoA refuses to accept a deedback (refusal to accept a deedback is always their right and prerogative), then you will have to decide for yourself whether to just stop paying the maintenance fees and let them go ahead and foreclose at some future point, or first try to give the timeshare away for free here on RedWeek or on the TUG (Timeshare Users Group) site.
Again though, if the timeshare at issue is a RTU contract in Mexico, just stop paying, walk away and don't look back. Such contracts, which involve no actual ownership of anything, just a "right to use" for a defined period of time, typically 30 years) tend to have very little (and likely zero) value in the resale market. Even trying to give the RTU contract away for free might still involve some mandatory, hefty "transfer fees" imposed by the resort to transfer the contract.
Hope this input helps. Good luck.