Hypothetical way of getting rid of your timeshare

A hypothetical idea came to my mind one day. Let's say for argument sakes there is a company we'll call it " Doesn't Really Care ". We'll call it DRC for short. We'll say this company has been buying timeshares all over the country. Once they buy the timeshare they use their power to seat a HOA that favors DRC and approves all requests and increases DRC asks for.

The owners of the timeshare units that DRC operates get disgusted but unfortunately they can't ban together to fight the big corporation and are forced to pay the out of control fees and assessments DRC demands. Besides the sky high fees DRC decides to sell the premium weeks and locations on the open market for higher fees to increase their profits and deprive the owners of exchanges.

The timeshare owners are stuck between a rock and a hard place. They try to negotiate an exit plan with DRC but are met by deaf ears. A disgruntled timeshare owner comes up with a plan of his own.

He finds someone who " has nothing to lose ". A person with no credit or future earnings or an elderly person with nothing. These people have a lifetime wish or a " bucket list ". They always wanted to travel and a timeshare would give them the opportunity to live their dream.

The timeshare owner feel sympathy for one of these people and transfers his DRC timeshare to one of them through a quit claim deed that only costs a minimal fee to process and takes one dollar in consideration to seal the deal. The process is very fast. Now the intelligent timeshare owner is rid of his burden and the new owner is free to live his dream.

DRC might object to this process but that's the way the cookie crumbles. It's legal and quick. DRC saw nothing wrong with circumventing the rules for financial gain but frowns on an educated owner for giving someone else a chance to live their dream.

This is only hypothetical but food for thought. Any and all comments should be also hypothetical. Good luck to all those fighting the corporate giants. Let's see if we can come up with some ideas to help timeshare owners in need of an exit plan. After all we know DRC and other large corporation don't care about anything except the bottom line.

I believe transferring a ts to someone you "know" has no intention of paying ongoing MF's would be considered fraud. Someone would of course have to prove that you transferred the deed to someone with no intention of meeting the obligations. To fight this many HOA's are instituting high transfer cost and in some cases requiring 1-3 years of prepaid MF's in order to transfer a unit. This may not be entirely legal on the part of the HOA but again it may require legal action to get it overturned. Unfortunately the HOA especially ones run by DNC organizations have more money to spend on legal actions than most owners and DNC will just pass any legal cost on to the remaining owners.

You hit a nail on the head about the cost. It isn't worth the time and expense for DRC to pursue legal action .It's cheaper and easier to just take the property back and resell it to the next customer. No one can prove that you transferred the property to someone for the purpose of getting rid of it. No one can say what your intentions were except you. Giving property away to someone less privileged has always been considered a charitable gesture. You might even consider giving a cash gift to that person as another charitable gesture.

I'm not sure how the receiver gets to live their dream if they are paying the sky-high maintenance fees that I am sure DRC charges. But if one signed it over to their elderly parent who never planned to use it and did not care about their credit ratings or other collection methods, that is an intriguing proposition.

I am wondering how hard they would try to collect if I stopped paying myself. If a DRC employee told you with a wink and a nod that they would not pursue it aggressively, would you believe that?

Big Mister C of DRC probably has people monitoring these forums. If anyone comes up with a great idea countermeasures will probably be taken before it can be acted on. Timeshares are the ultimate criminal enterprise -- legalized fraud protected by politicians bought and paid for.

The main idea is to get the property out of your name. As an incentive pay the next years maintenance fees and let the recipient enjoy a free week somewhere. What happens next is up to the new owner and the HOA. It's perfectly legal and inexpensive. I can't believe that some people pay thousands of dollars to someone claiming to get them out of their timeshares only to be ripped off again.

It irks me that the timeshare moguls flaunt their riches publicly. They build mansions with your hard earned money by using deceitful tactics and then claim you are doing something wrong by finding a way to help yourself out of a bad situation that they created with their greed.

My conscience would be clear if I used an escape plan that ruffled their feathers.

Mr C and anyone else can monitor what ever they like but the truth is the truth and they can try to intimidate people but if you stick to your guns there's not a thing they can do about it.