How to get rid of timeshare?

Resurrect her parents.

Can you convert them into points?

My grandparents were / are big into timeshares. In 2008, I think they owned around 50 / 60 of them. They would rent them out and also go on probably 15 / 20 trips a year. They made decent money off doing this of say something like $40k a year.

But then 2008 happened and they figured out it wasn’t the best financial investment, although they’ve allowed our family to take a lot of trips together. Over the past few years they’ve been trying to offload them and have sold a few of them, but have had better luck in converting to points. They still do okay with the ones they own now.

However, as a family we are pretty close to having a big problem. They are in their 80s, still own probably 40, and pretty much refuse to “teach” us how to manage these things. Soon we (mostly my parents) are going to be dumped 30 / 40 timeshares with yearly fees around $50k and have no idea how to manage them or offload them.

I haven't seen this topic before. Looking forward to the responses.

There are radio commercials on how to unload. Not sure if it's these guys or not. I'd be careful.

LINK /

I’m no expert, but this has always interested me.

The short answer is to give it away.

I believe Dame Ramsey endorses a timeshare exit company often on his podcast.

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My wife inherited a timeshare from her parents that we've been paying the maintenance fees on every year.

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So your wife inherited a contract that she has never actually signed? I am ignorant so please forgive me, but how can these obligations be legal binding if you weren’t the one who agreed to (and signed) the contract?

They really don't have any value unless you use them. I would try and call where they own and see if they will take it back because of the death. You can also try to sell it but there might be a transfer fee. If you sell it won't be for maybe $100. Try a website called Redweek. My I ask where it's located?

For those with a Wyndham timeshare, this is what my friend did to get rid of his Wyndham Timeshare...

"It’s called Ovation by Wyndham. The good news is we are out. They took care of all expenses in lawyer fees/ transfer fees. The bad news is you don’t get any monies back. Owner loses all property that goes back to Wyndham. I tell you the truth, it was worth it. I’ve had sleepless nights knowing the money they charged us every year for maintenance. I spent more in maintenance fees than the original purchase, plus working my children were going to be burdened with those expenses after we’re gone.

ph 855 312 9040. It took about three months to complete the process."

(no message)

My brother was in the same situation as you and his solution wasn't that simple or inexpensive, but he got rid of the time share his in-laws were going to burden him with upon their death and he also got rid of a myriad of other problems. Let me know if you need his divorce attorney's number.