Donate a timeshare

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Original Message:

Donate a timeshare (by Dr. K.):

Your basic options are 1. Sell it for anything ($1) you can get 2. Get the resort to take title back 3. Find a normal charity that will resell it for you. They will tell you if they can and won't try if they don't think they have a buyer within 30 to 60 days. You get a tax write off for the cash they receive. 4. We are a different charity that actually takes title, but because we don't resell, rent or use the timeshare we charge a $500 fee to accept your title. It's done through your choice of any closing escrow company. They hold your funds in their escrow account until it's done. We are only the final recipient of the title and service fee check. This has been thoroughly discussed with legal references and childish opinionated rebuttals in anther thread "Getting rid of your timeshare". There's no need to go through all that here. 5. The next to last choice is to pay $4,000 or more to a company like Timeshare Relief or one of it's affiliates. Even they have been accused of not ending up taking the title. Lot's of discussions in this TUG. 6. The final choice is to ignore the bills, forget all the threats and understand that a timeshare foreclosure is nothing more than most other negative unpaid bill reports on your credit report. They can't come after you for anything else, take your house and children, or put you in debtor's prison. They don't announce to the world your deadbeat persona (that's illegal). It's simply a ding on your credit. If you're credit isn't that great or useful right now, maybe it's not such a big deal.