Original Message:
Re: why are timeshares selling for zero dollars??? (by Mike N.):
Yes, it is legal as long as all the proper paperwork is submitted by the closing company.
Two issues with the $1 sales on ebay is that the TS are obtained by "post card" companies (PCC) and the TS are not accurately advertised and they insist the buyer use a specific closing company. These closing companies usually charge more than the average rate and can be slow and mistake prone.