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Re: Getting rid of your timeshare (by Gary M.):

I’m into day 23 of my timeshare donation. I received the contract from the closing agent and all looked very similar to ones Ive used for buy/sell of regular property, though not as lengthy. The costs are broken out totaling $1180, $350 of which is the escrow deposit for closing costs and to open the account. The rest is due in a few weeks. I could send it all now but that’s all they’re asking for at this point. I don’t see any mysterious fine print, a few words about what happens if I or the charity back out, or some other complication but amounts are reasonable for work done at that stage. The cover page is very clear about instructions to notarize and sign each page including short description about what happens next in completing the transfer. Should have it all put together and sent back at the beginning of the week. I spoke to the county that will record the new deed and it usually only takes them 1-3 weeks, including all the electronic updates. The usual about having signatures match exactly to the deed and the notary seals being clear were reminded. The longest time I understand is the resort doing their part to complete the transfer.