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Travel Exclusive (by Carvan A.):

Robert,

You should remember that Travel Exclusive can put your timeshare "into closing immediately" only when and/if you sign a deed transferring ownership to them or their designated grantee. Before you give them a signed deed you should make sure you have a signed contract from Travel Exclusive setting out the terms of the transaction signed by an authorized corporate officer.

They are not in business to help you but to make money. The closing company will either be owned or controlled by Travel Exclusive and the closing costs will be far in excess of a reasonable charge for the service. You will also be expected to pay the resort transfer fee. You will also be expected to validate that all 2008 fees are paid and there is no outstanding mortgage. You may even be expected to pay Travel Exclusive something to take the property.

The contract should have a reasonable time limit for the closing so that "their" closing company is not allowed to drag its feet until a buyer is found on EBay or elsewhere. You may be able to "unload" a timeshare that you were unable to sell or give away but you should be very wary and deal with Travel Exclusive as you would a hungry cobra.

Good luck!