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Re: sELLING MY TIMESHARE (by Kimball W.):
I recently attended a presentation that made me question whether I still want to own a timeshare. A company advertised they bought timeshares so I went to hear what they would offer me for mine. At the meeting, they went on for 45 minutes explaining that I can't get out of paying the annual maintenance fees. If I die, my kids inherit the required maintenance fee. If I quit paying, the developer can lien my house to get the maintenance fees. There is no way to stop them, ever. They also said the reason it is so hard to get a prime condo on exchange, at a prime time is because the developers keep all the best and rent them out themselves. This company then explained they would take over my timeshare if I PAID THEM !!; they would do it for just $2950. Is any of this true? We've had some wonderful vacations over the years. I own a red week and would like to convert to points for the flexibility. I don't want to commit my kids to ever increasing maintenance fees unless they want this. Any ideas?