Original Message:
Clarification requested... (by KC):
salongec wrote:I then penned a letter to the owner of the timeshare and stated my case. I did not accuse them of fraud, because I was not frauded; but I explained to them what my situation was and told them the truth. They released me from my timeshare for free and released the debt that I still owed.
While some timeshare entities will accept "deedbacks" on ownerships that are fully paid off and current on maintenance fees, it is rare (virtually unheard of, actually) for a timeshare entity to "forgive" loan debt. More often than not, the timeshare doesn't hold the note on the purchase loan anyhow, so the associated loan debt is therefore not theirs to "forgive".
Are you referring only to unpaid maintenance fees or to actual unpaid loan debt in your above assertion involving a (unidentified, unspecified) resort???