Original Message:
Honest and lawful "exit" from timeshare ownership... (by KC):
ebrahimp4 wrote:I have completely paid off. Now I have to pay maintenance fee for rest of my life. How can I get rid of this? PLEASE HELP.
You have not identified whatever it is that you own, but be advised that Wyndham, Diamond and Westgate all currently have "deedback" programs where you can surrender your ownership *IF* your account is fully current, with no unpaid fees outstanding. You would need to contact the corporate entity directly to determine your eligibility and for further instructions. Wyndham charges no fee for deedbacks. DRI and Westgate both charge significant fees. Diamond will reportedly only accept "deedback" of purchases which were originally made directly from DRI; i.e., not those purchased in the secondary (resale) market.
If whatever you own is at a "independent" resort (i.e., a resort which is not affiliated with any corporate "chain"), you need to contact your resort HOA to ask if they will accept a deedback of your ownership. Many independent resorts are very reluctant to accept deedbacks, but you can't and won't know until and unless you overtly ask.
My suggestions above assume that you could not otherwise sell (or even give away for free) whatever it is that you own. If that is the case, "deedback" is really your only realistic option, unless you are willing to just simply stop paying, walk away and face foreclosure. Good luck.