Getting rid of your timeshare

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Original Message:

Re: Getting rid of your timeshare (by Don P.):

To be totally honest with you. If I wasn't able to deed back my properties I would have considered using a charity like DRK's. The problem there is I wouldn't be comfortable that the deed would actually be transfered out of my name. I also have a problem knowing that other owners would have to make up the shortage in maintenance fees and taxes. As a former owner I would not appreciate someone else sticking me with their debts. I would never attempt to take a $ 5,000.00 write off my taxes for something that has no value. It's my tax return and my penalty and interest if I lose my case with the IRS and I wouldn't be able to sleep at night with that hanging over my head. I read an article Timeharing Today that gave me a few options of disposing of my timeshares. I did rent them out to minimize my losses until I finally got rid of them. Everyone must do what is right for them. Good luck and please make the right choice.