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My advice... (by KC):

renitas7 wrote:

Hello,

My 75 year old mother needs to sell or give away her timeshare. My father passed away this past Christmas and my mother cannot continue to pay the annual maintenance fees. The timeshare is paid for. My mother lives in Boston and I believe the timeshare is in the Cape Cod area. I need some advice as to what she should do to sell or give the timeshare away.

1. Go to http://www.tug2.net (Timeshare Users Group). Spend $15 to join and become a member.

2. Once becoming a TUG member, you can then place an ad (for free) in the TUG "Bargain Deals" forum. Offer to give the timeshare away for free, with the "buyer" paying any and all associated closing costs (this will cost the "buyer" around $300, plus any transfer fee which the resort might (or not) impose (all resorts are different in this policy).

3. In your TUG "Bargain Deals" listing, be sure to identify the resort, the week number (if fixed), the available or restricted reservation weeks (if "floating"), the number of bedrooms and bathrooms in the unit and the annual maintenance fee amount. That should be enough info and any less is too little.

Unless it's a winter week (which on Cape Cod is something which really has no demand or market value at all), with a little luck your mother can be legally "out" of that ownership for a total "out of pocket" expenditure of fifteen dollars. If it's a winter week, or a "floating" ownership which limits owner use to the winter months, all bets are off however, since there is basically ZERO demand for or interest in winter weeks on Cape Cod.

Good luck.