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Original Message:
Selling timeshare after death of owner (by R P.):
leonardb36 wrote:How does one unload a timeshare (2 weeks actually) when the last of the owners dies?My mother-in-law just passed, about 10 years after my father-in-law. She owned two weeks of timeshare in Ft Myers, Florida. Her oldest son is the estate executor.
No one in the family wants to take over the weeks. We'd most like to simply walk away from them. Can we just tell the resort "The owners have died so the weeks are yours again"? We are Canadian (don't know if that makes any difference in divesting them, but mention it just in case). My wife and I own Florida timeshares ourselves and don't want any more (at least until we retire in 15 to 20 years).
I'd expect that none of the children could sell them unless they somehow took ownership first. Is there a way to get rid of them without doing that (and going through probate)? We're interested in the cheapest way to legally rid ourselves of these timeshares now that the last owner has passed away. Thanks.
You could see if the resort will take the weeks back since the owners have passed away, but they may not (they don't have to). In that case the estate is responsible for any and all fees related to the timeshare until the weeks have been transferred out of your in-law's names.
Depending on what weeks she owned in Ft. Myers, the quality of the resort and the fact that southwest FL is in high demand with a low supply of timeshare resorts, especially during the snowbird months, it may not be too hard for you to sell them yourself, but whatever you do, as lance said above do not pay an upfront fee in the hundreds/thousands of dollars to list it with a resale company (they are all scams).