Post reply

Re: Getting rid of a time share. (by R P.):

I have mixed feelings about postcard companies that charge to take a timeshare off an owner's hands.

On the one hand, an owner may have tried unsucessfully selling their timeshare themselves and they are still stuck with it and all future maintenance fees (rising) and/or special assessments. They are willing to pay 3+ years maintenance fees to a postcard company to rid themselves of that albatross and all the financial obligations tied to it. Of course, I believe relying on a postcard company should be a last resort (excuse the pun) in getting rid of any unwanted timeshare.

There are thousands of timeshares that can't be sold for $1 or even 1 cent on Ebay that are timeshares that were acquired by a postcard company. If the postcard companies can't sell them for that amount, then surely the owner couldn't have given it away either and was 'stuck' with it forever. The postcard company is then responsible for future maintenance fees and/or special assessments for that timeshare.

So, in my opinion, postcard companies do offer a 'service' of sort, albeit an expensive service. Sometimes 'peace of mind' (getting rid of that unwanted timeshare albatross) is more important to an owner than the money given to a post card company to rid that owner of their unwanted timeshare.