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re: How to get rid of timeshare?

Posted on 7/19/20 at 12:38 pm to
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.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 7/19/20 at 1:07 pm to
quote:

process costs $4000 and takes up to 3 years

Posted by ItzMe1972
Member since Dec 2013
9824 posts
Posted on 7/19/20 at 1:58 pm to
"I get a little worried though because they consider having it foreclosed a successful exit"
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HELLO Credit Score!
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