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Re: WALK AWAY FROM TIMESHARE (by Ian K.):

Thank you for your response. I should have been more clear that I was talking about deeding it to a willing third party. I'm not talking about fraud in any way.

I'm talking about what options there are for people who have not been able to give their timeshare away. If it were a willing 3rd party entity (such as an LLC), this would work, right? The 3rd party entity could exist for the purpose of rescuing people from unwanted timeshares. It could sell those that were saleable, give the unsaleable ones back to the resort, and allow foreclosure of those that the resorts won't accept.

The current owner, just because they accepted a free timeshare or paid for it, didn't agree to an obligation for life that they can't get out of, and that can keep going up and up in cost, particularly in an economy like this. In fact, if they bought it second-hand, they didn't agree to anything whatsoever. If they choose to let it go, or donate it to a 3rd party, that's their option.

Yes, it will cost the remaining owners more. The remaining owners have an option to do the same, or to stay as owners, and if they stay as owners, to encourage the resort to do everything possible to keep dues absolutely rock-bottom so the timeshares become more valuable. But, none of this is any obligation on any owner-they can always get rid of theirs if they want to.

Once deeded out of your name, with the deed and transfer fee provided to the resort, there is no way they can foreclose on you nor ding your credit, right?

I'm reading a lot of misinformation, I think, in all these forums regarding this issue. People are being wrongly scared into keeping their timeshares.