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

drk14 wrote:

christine514 wrote:

. . . and as I signed the transfer I also know that they immediately sold it on.

I, too, wonder why DFAC charge you any fee when their normal policy in reselling a timeshare is to not charge the donor any fee. I suspect they told you it was to cover their potential owner's maintenance fees for the next several years. I think others, along with me, would appreciate your checking with DFAC to find out if they actually did resell your timeshare. If they did, that's what I would consider exorbitant.

BECAUSE of the economy timeshares are not worth anything like they were pre-2006 .... many people paid thousands of dollars to buy timeshares then after 2006 many of those same timeshares were selling for pennies on the dollar. Even Marriott suspended their ROFR (Right of First Refusal) due to the spiraling downfall of the timeshare industry. That's why the IRS states that the donated timeshare must be listed at CURRENT Fair Market Value (now, not pre-2006 developer price). And this is how you'll be caught one day.

And why DFAC now charges a large upfront fee to take a timeshare when they didn't previously charge anything is anybody's guess, but I assume that they now charge a fee due to the economy and the fact that a timeshares' worth has deflated tremendously, but they still won't take timeshares they think they can't resell or get rid of.