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Estate Handling of a TS (by R P.):

carvana wrote:

Response: Most heirs are glad to take timeshares in prime locations in desireable seasons and once they are owners they continue to pay the MFs. It is the worthless timeshares than end up back in the hands of the resorts due to foreclosure. These are usually resold by the resort and the new owner pays the MFs.

I doubt all heirs would be glad to take a timeshare after the owner dies with their neverending maintenance fees and possible special assessments every year. The deceased's circumstances were probably entirely different than his heirs (ie: retired, plenty of time to travel, etc.) I read all the time on Tug of people that have owned a timeshare for years but have never used it due to life circumstances (work schedules, limited funds, kid's school schedule, divorce, relocation ...... etc.).

And unless a foreclosed week is highly sought after then the resort itself may not even be able to give it away, much less resell it (ie: all the $1 timeshares on Ebay with no bids.