Original Message:
Re: Re: Re: Re: My timeshare is paid in full, but I just don't want it anymore (by KC):
kcn wrote:<snip> When you say financial loss, do you just me that I won't make money back? Im ok with that. I am not looking to make any money on this, just want to be free and clear, stop wasting money and also not be a burden to my children later. I would give this away to anyone who wanted it but I can't get anyone to take it.
1. By “financial loss” (in a deedback), I was simply referring to the fact that your original purchase cost and all maintenance fees paid since then would simply be gone, with no financial "return". There could even be an additional fee demanded by the resort to accept the deedback at all, but on the positive side deedback would be the FINAL cost of permanently and lawfully removing this unwanted albatross from around your neck. I again strongly encourage you to pursue deedback promptly, energetically and relentlessly --- the squeaky wheel gets the grease. Remind yourself that this is a problem that will never just magically solve itself, no matter how often (or where) you relocate. The only "passive" solution is to simply STOP paying and let the inevitable foreclosure occur, but I understand that this is not an attractive option for you.
2. Unless your children are already named on the deed now as co-owners (I certainly hope not), they can never be forced to inherit your unwanted timeshare. They would only have to disclaim the inheritance, which is a very simple process. The fallacy of “involuntary inheritance” is one that is often thrown around by the exit company parasites to elicit guilt or fear, but there is absolutely NO basis in fact to that falsehood.