Original Message:
Re: How to get rid of a timeshare you no longer want .... (by Lance C.):
There have been a number of threads and posts in these forums about CHT. Their main guy posted in here under the screen name Dr. Ken. There were several heated debates about what CHT does and whether or not it's legal.
Cheryl D., yes I believe your story but you should also believe this regarding CHT's MO. CHT acquires ownership of unwanted timeshares (for a fee of $500) and then deliberately defaults on the maintenance fees. Dr. Ken admitted that. When the resort's Home Owners' Association (HOA) doesn't receive the maintenance fees, it has no choice but to foreclose on the unit(s). This is a very costly procedure that all the remaining owners at the resort have to bear.
You also said that this happened over two years ago. Be aware that a lot of resorts are now catching on to this scheme and are blocking transfers to certain entities among which CHT could be one. So if someone is taking your advice and trying to unload a unit via CHT, the transfer could be blocked.
As for people who are trying to unload an unwanted unit, see my previous post with some more practical suggestions. Another practical suggestion is what Don P. usually mentions. Try contacting the resort's (HOA) and ask if it will take the unit back. The HOA might require that you pay closing costs (which is also what CHT does anyway) plus perhaps the next maintenance fee. But at least it will be done in a legal and ethical way.