Dumping your Timeshare

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Original Message:

Re: Dumping your Timeshare (by Lance C.):

ermela wrote:
How much is the Resorts typical "Transfer Fee"??

In FL, I believe the law allows a maximum $100 transfer fee. Some resort companies might charge additional. Wyndham has a totally unreasonable $299 transfer fee.

Some resorts, in an effort to combat deliberate default transfers (aka"Viking Ship") will ususally ask either the seller or buyer to pony up some sort of a bond of around one or two years' maintenance fees.

Also bear in mind that these are in addition to whatever a closing company may charge for its services.