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Re: WALK AWAY FROM TIMESHARE (by John B.):

There are thousands of thoughts on what happens if you just walk away. Thousands more making claims I dont think they really know the answer on. Very few telling what happened when they did walk away o I will. Some background. I got the timeshare for free. Assumed the maintenance fees. I owed nothing on it. Paid my maintenance fees on time and used the timeshare for many years. Maintenance fees kept going up and updates to the home resort werent occurring. Using RCI and trying to trade into other resorts was usually impossible to get what I wanted and was always way overpriced. $200 to do an exchange is BS. My background is financially stable and a 800 credit rating. This was a deeded timeshare. Understand this-- I was in charge of every conversation. I didnt ask and I didnt show any fear for any of their threats. Basically beat them to the chance of making any threats. Decided I was done with it. Told my home resort I was done and would not pay them another dime. I told them I would be happy to sign the deed over to them to save them money on collection and foreclosure expenses. (took away their main threat) They said I am bound by contract. I said fine I will wait for the court date on foreclosure. (Showed no fear of foreclosure) A few months later they offered the old pay them 3 years maintenance and the fees to transfer it and I could get out of the contract. I said no I would wait for the court date on foreclosure. (Again no fear of the only card they have to play) At the 13 month point (second year of no maintenance fee) they called and said they were sending the docs for me to sign the deed back to them. I said perfect and thank you. No impact to credit and no collection calls. Obviously I got off easy but to all the people that make big conversation about how bad you will get beat up on credit score and they will come after you for years and years doesnt make sense. We want out of timeshares so we dont keep throwing good money to a bad hole. Timeshares are in the same boat. It costs them thousands of dollars to put the screws to you and they are throwing money away when the only end result is you cant access their property anymore.