Returning a deeded timeshare back to the company/no debt

We have owned timeshares with Wyndham for over twenty years (began with Fairfield in the late 1980's). We have gotten our money's worth out of them for sure. We also own a 3 bedroom lock off with Legacy in Orlando. The two Wyndhams are deeded weeks but are in the point system. Legacy is just a fixed week, not converted into their point system.

We always new the time would come when we didn't use them any longer and we knew going into it that we wouldn't be able to sell them very easily.

Do timeshare companies ever take back a deed that is owned free and clear...no debt whatsoever? If the companies don't take them back then we are willing to basically give them away to someone who will pay the closing and transfer fees.

margem24 wrote:

We have owned timeshares with Wyndham for over twenty years (began with Fairfield in the late 1980's). We have gotten our money's worth out of them for sure. We also own a 3 bedroom lock off with Legacy in Orlando. The two Wyndhams are deeded weeks but are in the point system. Legacy is just a fixed week, not converted into their point system.

We always new the time would come when we didn't use them any longer and we knew going into it that we wouldn't be able to sell them very easily.

Do timeshare companies ever take back a deed that is owned free and clear...no debt whatsoever? If the companies don't take them back then we are willing to basically give them away to someone who will pay the closing and transfer fees.

There are a few resorts that take deed backs but they are few and far between. If you want to give your points/week away you can advertise them on Redweek's Bargain Basement and Tug's Bargain basement.

margem24 wrote:

Do timeshare companies ever take back a deed that is owned free and clear...no debt whatsoever? If the companies don't take them back then we are willing to basically give them away to someone who will pay the closing and transfer fees.

Some take them back, some don't. It depends on a number of factors such as how many units the resort's HOA is owning, the demand for the week, etc.

Some resorts might take a week back if you agree to pay the closing costs plus one or two years' maintenance fees.

If the resort won't take it back, then advertise it for on reputable sites such as here on RedWeek, My Resort Network, or E-bay. Keep in mind that with E-bay, your unit might be buried in an avalanche of other units for sale that are similar to yours.

Also, Timeshare Users Group (aka TUG; tugbbs.com) has a section called "Bargain Deals" where, for free, you can advertise that you simply want to give your timeshare away. Just follow the directions at the top of that forum.

Since you've owned for many years, you probably do not have to be reminded about these predatory companies out there pouncing on desperate owners. But, just in case, do not pay anyone a large, upfront fee to sell, rent out, market, or "cancel" your timeshare.