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Re: cash for timeshares (by Dave K.):

DO NOT PAY AN UPFRONT FEE TO ANYONE - they're all SCAMS.

A better alternative is just to walk away. See below. It takes guts and determination but it works.

There is a very interesting letter from ADRA (Resort Owners) to the Bureau of Consumer Financial Protection in which they (Resort Owners) basically state that defaulting on a TS loan isn't a major issue and that they simply resell them again anyway with rarely any major effect on the consumer. So why not just "walk away".

Text from the letter is below and you can find the whole thing at http://www.ardaroc.org under "legislative" - note the last 3 sentences.

The timeshare industry has remained resilient and successful throughout this present economic downturn. According to the 2012 Second Quarter Pulse Survey: A Survey of Timeshare & Vacation Ownership Companies prepared by Deloitte & Touche LLP for the ARDA International Foundation, there has been a decrease in delinquencies (Q2 2011 compared to Q2 2010) in timeshare consumer loan portfolios and there is no foreclosure problem or credit crunch as exists in the current residential mortgage market. Additionally, and even more importantly, consumers are not at risk of losing their homes if they default on their timeshare loans. A "foreclosure" of a timeshare does not have the economic impact that it does when a lender forecloses on a consumer's principal residence; and timeshare lenders rarely, if ever, seek deficiency judgments. So in practice, there is virtually no recourse to a consumer that defaults on a timeshare loan. The developer simply takes back the timeshare interest in order to resell it.