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Please help! Anyone!?! (by KC):

andrewp100 wrote:

Im looking to give someone my timeshare but dont know how to do it. I just want to walk away from it and have a few people who want it but I dont know how to go about giving it away. I see there are places that will handle closing costs and transferring/escrow or whatever, but we are just giving it away and walking away.

Can anyone help me with this? Im so fustrated trying to search the internet and forums, they just confuse me more then I already am. I just want to give this to someone else, no money changing hands and the my name to come off it.

Any and all help would be great, thanks!

Regardless of your apparent frustration and/or confusion, you still need to make certain to part with your ownership correctly and legally. To do so is really very simple.

Step 1. Dig out a copy of your deed (I am assuming that there is no debt, financing, or other unpaid timeshare bills involved here. If there is any such unresolved debt associated with this timeshare, all bets are off and none of the following will apply --- the debt needs to be fully resolved first).

Step 2. You indicate that you already have someone who wants the timeshare. Have them contact and hire a legitimate closing company like Timeshare Transfer or JRS Closing Services. It will cost them (not you) about $300, but it's to gain ownership to a "free" timeshare. The closing company will then handle ALL of the necessary details of preparing and recording a new deed (the closing company will expect and ask you for a copy of the current deed, or they will charge a fee if they have to go locate one on their own). If you are truly desperate, YOU can choose to pay the closing company yourself. There is no free lunch, however --- SOMEONE has to pay the closing company to get it done right.

Step 3. Apply your signature to the new deed in front of a notary public and return it back to the closing company, in the pre-addressed envelope they will provide to you. They will get it officially recorded in the appropriate county. Upon recording (...but not one moment before) you will officially become the FORMER owner. The closing company will send you (as well as the resort) a photocopy of the new deed with official book and page reference info, after recording. New owner will get the ORIGINAL new deed back from the closing company after recording.

There isn't much to be confused about here; it's very simple. Just don't "walk away" until and unless the change of ownership has been completed --- correctly and legally. Good luck.