Wanting to buy a timeshare resale! How to?

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Original Message:

Wanting to buy a timeshare resale! How to? (by Lance C.):

erminiau wrote:
But one last question: So, if the mortgage is paid off, that does mean that the timeshare is mine Forever, right? As long as I keep my maintenance fees up to date?

That depends. Is it deeded or is it Right to Use (RTU)? Most timeshares in Mexico and the Caribbean are RTU meaning that your "ownership expires after a set number of years. If you are "buying" it from someone, the years that that person "owned" it count towards the RTU agreement.

Most timeshares in the USA are deeded meaning that they are yours until you sell it or give it away.