Need info about selling my holiday inn points

Last year i made a foolish decission of buying holiday inn timshare in points. I currently owe $36000 with 20000 points annually, i need information if redweek helps in selling this kind of timeshare. If they do what will be the current market value of this, i am not paid off. Also if anyone has experience if i let it to foreclosure then how much it will affect my credit score?

Hopefully you bought 200,000 not 20,000 for $36,000. If it is deeded in Myrtle Beach, Gatlinburg, or Wisconsin, it might be worth $2000-$3000. If it is deeded anywhere else then it is worth $0-1000 depending on the specific deed. If it is indeed 20,000 HICV points it is probably worth less than $500.

I worked as a sales rep for The Holiday Inn Club Vacations (under IHG) in Las Vegas. You could have bought the same thing for under $1,000 on Ebay. Sorry.

Get out of it as soon as you can.

That's what they're asking. How do you get out of it when you still owe. I'm in the same situation. We enjoy using it regularly, but my job situation changed drastically money-wise and can no longer afford what we have. We're deeded at the Williamsburg Holiday Inn Club Resort. Pretty much all they talked about with "first rights of refusal", values rising... pretty much focused only on convincing my wife about upgrading since I didn't want to. Now that I need to get rid of it... cricket! lol Customer rep did say they do have a program where I can sign over the deed back to them if it was paid off. I asked what I would get out of that and he tells me "NOTHING"!... its a FREE program with no fees. lol

So let me get this straight... I pay you $37,000 for something, then say pay it off and then want to get rid of it. You'll take it for free... sounds legit! lol

If anyone has any info I'm all ears. Thanks

Your options are to pay it off and give it back or pay it off and give it away or sell it for $100 or to stop paying, default and take whatever hit that may make on your credit. You bought a non esential luxury item that has virtually no resale value, you were probably misled but on the other hand you didn't do any research and signed a legitimate contract and took out a loan to pay for it.

A third option would be to pay someone upfront who promises to get you out of it, because you think they have some kind of magic wand to get you out of the contractual obligation you voluntarily signed. If they ask real nice maybe HICV will agree to offer a deed in lieu of foreclosure. If you asked and they said no, they probably won't say yes to an outside group asking. They can't transfer it to anyone else if their is a lien attached to the deed. I am assuming you don't have any legal PROOF that their was fraud. If you do then you should contact a lawyer but most don't have proof.