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Re: WALK AWAY FROM TIMESHARE (by Ian K.):

jayjay wrote:

iank29 wrote:

I'm reading a lot of misinformation, I think, in all these forums regarding this issue. People are being wrongly scared into keeping their timeshares.

Well then, stop paying your maintenance fees then come back here and tell us that "people are being wrongly scared into keeping their timeshares" after they foreclose on you and your credit is blemished .... there are people that post on this forum that have many years of timeshare ownership experience. The fact that you didn't research timeshare ownership and what that entails before you bought resale, tells me how much misinformation you think you know.

Don't bully me. You're being rude. I'm on this forum trying to get info and answers and figure this out. It's unfair for you to start insulting me about what I "think I know".

You're also mis-stating the solution I'm asking about. The solution is to deed to a willing third party company (I'm assuming we'll have to pay a fee to do so), then providing the deed and the transfer fee to the resort. We will then have no further obligation to pay dues. The resort can foreclose if they want, and it will affect the credit of the third party company, who exists for the purpose of helping people divest from unwanted timeshares and won't care about the credit consequences of foreclosure for unpaid MF.

As far as I can figure out, no contract is signed by an owner of a timeshare who purchased it for cash (or received it for free) secondhand. The deed conveys obligations. But, it does NOT convey an obligation to own it forever and pay. If it was deeded in 2005 and dues were $390/year, and now in 2010 they're $610/year and the owner no longer chooses (or is able to) to own it and pay for said maintenance, the owner has made no commitment to do so. Any legal way of divesting it is acceptable. If it has no value and can't be given away, and the resort won't accept it, then using a company who will accept title for a price may be the best option.

The unwilling timeshare owner should not be bullied into a responsibility that does not exist. That's what I'm trying to figure out here. Does a responsibility exist? It appears there is NO legal obligation to keep a free and clear timeshare I don't want. If the resort won't take it back, some of you appear to be arguing that the "Social Contract" requires I continue to pay. I disagree.