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ask-redweek-timeshare-resort-out-of-business (by Fred C.):

Can someone tell me why they don't just terminate the timeshare and convert it into a condo and sell the 103 units. Each timeshare owner would then become a co-equal recipient and receive any profits that the 103 condo unit sales generated. In Florida a majority vote terminates the timeshare status and the timeshare is automatically converted into a condo for resale.