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Original Message:
Anyone have experience with timeshares? (by Lance C.):
johnl1898 wrote:Is there any way to get out of the damn thing!?
The first and foremost rule is to never, ever pay anyone or any company a large, upfront fee to sell, rent out, market, or "cancel" your timeshare. Those are usually scams. When you asked the resort to take your unit back, with whom were you speaking? You have to contact the resort's Homeowners' Association. Explain your situation and that you will not be paying another nickle in maintenance fees so it would be best for all involved for the HOA to take your unit back. The HOA might ask you to pay closing costs.
The other option is to list your unit for sale. I know you said you tried but at what price did you list it? Most timeshares out there are worth in the neighborhood of $0 or less. You can try listing it for give away here on RedWeek. You can also try Timeshare Users Group (aka "TUG"; tugbbs.com) where they have a Bargain Deals section that allows you to advertise for free that you want to give your unit away. You might make the offer to pay closing costs and maybe even the next maintenance fee.