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Re: Selling a Timeshare (by Stu M.):

lancec13 wrote:

stu20 wrote:

We all have seen ads where you get a timeshare for $1 and the seller pays closing and fees and this year's maintenance and maybe next year's maintenance, too. That can add up to $2-3 grand. Could it be cheaper to let them foreclose?

It's possible. But just remember that these resorts might report you to credit bureaus and agencies which could negatively impact your credit score. That might lead to problems down the road when trying to get loans and/or lines of credit. ... why not try working with the resort's Homeowners' Association to see what can be worked out trying to negotiate a deed back. I'm sure the HOA would prefer this over a costly and lengthy foreclosure process.

We're among those timeshare owners who are long retired but still able to travel and still able to afford it. We don't have any idea what our credit score is and we don't need a line of credit. The management of the timeshare we'd like to be done with -- which we have advertised off and on for more than three years with no success -- treats us like ... er ... well, you know ... for even asking whether they'd do a deedback, and that only increases our desire to get rid of this particular unit. They're just plain nasty -- and I'm trying to be polite here.