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Timeshare sales (by Lance C.):

johnd385 wrote:

What does it mean when the asking price is $0? Is this a give away or is there a mortgage to be assumed?

Yes, it's a giveaway. Of course, closing costs and transfer fees would have to be paid and that would have to be negotiated between the seller and buyer. And if there is a mortgage still owing on the unit, the seller would have to disclose that to the buyer and the mortgage would have to be settled before the transfer from seller to buyer can take place.

Just bear in mind what Don P said. The new owner is responsible for maintenance fees and possible special assessments. In many cases, the fees exceed what a decent rental could fetch so, in other words, you can probably rent a week from a current owner for less than what you would pay in maintenance fees. If you're confused or unsure, try renting at least once to see if timesharing is for you.