Sell or not pay

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Original Message:

Re: Sell or not pay (by KC):

jamesm628 wrote:
I have a Christmas week in Kissimee Florida that the maintence fees are $761. yearly that I want out of and am behind this year as I am feel they are to high. Does a deed in lieu of forclosure they offered to me for $750. in fees sound like a god idea to get rid of this timeshare?

Jm

Few resorts offer "deedbacks" in lieu of foreclosure. If this option is available to you and you just want "out", I recommend that you proceed with "deedback" without any delay or hesitation.

There are just SO many timeshares available in overbuilt Orlando / Kissimmee, selling for "a dime a dozen", that it likely would be difficult for you to sell yours --- at any price. Even if you sold it for a penny, you would STILL have to resolve the unpaid current year maintenance fees (unless the informed buyer was willing to do so) in order to effect a "clean" closing. I'd take the "deedback" offer in a second, in your shoes. However, I'd also want to see the deedback in lieu of foreclosure offer expressed to me in writing, bearing the name and signature of someone in actual authority at the resort. Good luck.