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Re: Canadian seeking help for deed in lieu (by R P.):

lancec13 wrote:

I don't see why you being a Canadian would affect whether or not the resort will accept a deed back in lieu of foreclosure. Foreclosure costs the resort the same amount of money, time, and hassle regardless of where you live. It does not hurt to ask the resort's HOA if it will take your deed back in lieu of foreclosure. It might; it might not.

As for donating to charity, keep in mind that charities will charge you a minimum of $2500 to accept ownership from you. And that price is only if the charity feels it can quickly turn around and sell it (or at least easily give it away). That being the case, you're better off just trying to give it away yourself. List it here in RedWeek's Bargain Basement for a dollar and offer to pay the closing costs.

Also, Timeshare Users Group (aka "TUG"; tugbbs.com), has a Bargain Deals section where, for free, you can advertise that you want to give your timeshare away. Just follow the directions at the top of that page.

One cannot just sign a 'deed in lieu of foreclosure' and send the timeshare back to the resort. It doesn't work that way. A resort would have to agree to take the timeshare back and the vast majority of resorts do not take deedbacks .... the resort will eventually foreclose on your timeshare if you don't pay the yearly maintenance fees and that could affect your credit score since you signed a legally binding contract to buy your timeshare.