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re: How to get rid of timeshare?

Posted on 7/19/20 at 10:11 am to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73257 posts
Posted on 7/19/20 at 10:11 am to
many have contract expiration dates and many are sold all the time.

better review the contract. see what options are.
Posted by EngTiger
Member since Aug 2017
34 posts
Posted on 7/19/20 at 12:38 pm to
The contract lasts into perpetuity. It's been in the family around 25 years. We would happily give it away if we could find any takers. If we quit paying, it would end up going to collections and tank our credit. We have other assets so we're not sure how to get out of it without affecting those. We've started talking with Time Share Exit Team which is who Dave Ramsey endorses. Their process costs $4000 and takes up to 3 years. That's what we're going to end up doing unless we can find any other option. I get a little worried though because they consider having it foreclosed a successful exit. Any advice is definitely appreciated.
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