I currently own at Summer Bay Resorts Orlando and it's one of the new Houses they built in 2014. I think they built like 5 of them. I own in a prime week [details redacted.] I'm looking to get rid of this timeshare but I have a remaining $19K loan. I've been reading through previous post and see my best option is to pay the loan off then try to sale it.
Just want some advice if what my actions seem like a good way to go.
What I plan on doing is writing to the Exploria and seeing if they would do a deedback/buyback. I know it might be very rare to do a deedback with a loan attached, but it's worth a try. I'm just hoping they would if the property is still considered prime.
If that is a no, I'm going to look to refinance. Where can I get a list of refinance companies/banks that others have successfully used for timeshares?
I read on here that no one would touch a TS with a loan attached. Is that true if you're selling the property for the cost of the loan and all the money goes to the loan?
Just want some advice if what my actions seem like a good way to go.
What I plan on doing is writing to the Exploria and seeing if they would do a deedback/buyback. I know it might be very rare to do a deedback with a loan attached, but it's worth a try. I'm just hoping they would if the property is still considered prime.
If that is a no, I'm going to look to refinance. Where can I get a list of refinance companies/banks that others have successfully used for timeshares?
I read on here that no one would touch a TS with a loan attached. Is that true if you're selling the property for the cost of the loan and all the money goes to the loan?
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