Getting rid of your timeshare

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Original Message:

Re: Getting rid of your timeshare (by Lance C.):

beverlycl wrote:
..that timeshare companies don't take back timeshares!!!

I would at least try writing to the resorts' HOAs where you own, explaining your situation and ask if they will accept a deedback in lieu of foreclosure.

If they understand your plight, they might realize that it's in their better interests to have you deed it back to them than to go through legal proceedings dealing with foreclosure.

It wouldn't hurt to try.

If that does not work, then I would list it in RedWeek's Bargain Basement for $1 and maybe even offer to pay the closing costs. But do NOT let any of the blood-sniffing sharks out there rope you into paying them large amounts of money to sell or "cancel" your timeshares.