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Re: Successful Resales & Rental Feedback Wanted (by Mary Anne K.):

I thought I left a reply to this post yesterday, but I think I somehow put it in the wrong place. I know that it is unusual to get as much as $9000 for a timeshare in this economy but as I said, it was a 3 bedroom/3bath at Orange Lake River Island. This resort is just down the road from Disney and it was , I believe, the first timeshare resort in Orlando, started by Kemmons Wilson, the founder of Holiday Inn. Over the years the resort has grown tremendously, and consists of three Villages, West, North, and East, of which River Island is the newest and most luxurious section. It adjoins the new water park, and one of the resort's 3 golf courses. The resort has recently undergone major renovations in other areas as well, including a new pool complex in West Village, and remodeling of most of the units. Our buyers knew this, as they were regular vacationers at OL, visiting with their 3 children as well as grandparents. Also, I don't think I mentioned that they were from Canada, where the economy was not affected as much as it was here. The week I sold was week 10, which is in mid March. Anyone who has visited Orlando in March knows that the area is swarming with Canadians at that time, particularly people from Ontario. I believe the schools must be out a couple of weeks or more at that time. As to the tax issue, I didn't think we could declare the loss either, but our tax preparer checked with her supervisor, and he assured her that we could. We haven't been contacted by the IRS about this yet, but I suppose it's possible that we could in the future. I'm sorry if I misled anyone. I was merely reporting what I had been told. I guess I should have said to check with your tax advisor first.