Original Message:
My timeshare resort is willing to let me deed back my unit (by KC):
kathleenl256 wrote:I am new to this site, just want to make sure I am not making a mistake. We own a deeded timeshare at Moosehead Cottage Resort in Greenville, Me. We have owned it for 17 yrs. We never stayed at the Greenville resort but we did trade many times for Vacation. Well we are tired of the maintenance fees and the rules through interval to trade....and so on. Our week is a red week and is only for odd years so at least we are not paying the mInt fees yearly. Well I called and asked the staff what options were available to get rid of the timeshare. They told me to call their attorney, which I did and apparently they aware willing to except the unit back. Of course it has long been paid for and my fee to attorney is 300.00. Does this sound good? I am not willing to bother trying to sell. I know it is futile.
I do not know your resort or anything about it, but if they will accept a "deedback" and require only $300 to process and record a new deed back to the HOA , you should not hesitate for one split second. DO IT! Most resorts will not accept deedbacks AT ALL, so you are truly fortunate to have this relatively rare opportunity made available to you.
Presumably the attorney provided you with specific details of the process, likely that a "quit claim" deed will be sent to you for notarized signature(s) and return to the HOA (via the attorney) for official recording. It won't happen by magic and cannot be done by phone --- there is a process to lawfully effect the ownership change. Stay on top of this and keep the process moving along before someone there changes their mind. You're very lucky.