Original Message:
Consequences of Defaulting on Maintenance fees (by R P.):
leslieg186 wrote:Ive gotten good use of my timeshare but now with lifestyle changes have no need for it. It is fully paid and deeded property and Id like to just stop paying maintenance, especially since I am now unemployed and have no income. Anyone go through this and what were the consequences?
The problem here is that you signed a legally binding contract to buy your timeshare and the resort may or may not take it back .... it's worth a try, however be aware that if you default on your maintenance fees the resort can (and probably will) legally come after you for non-payment. If all resorts took deed backs for whatever reason (ie: tired of paying maintenance fees, no need for it any longer etc) they would implode from within due to overwhelming defaults.
I would suggest you trying to give it away on timeshare ad sites such as Redweek's Bargain Resales here: http://www.redweek.com/featured/bargain-timeshare-resales