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Got rid of HGVC timeshare by using deedback option

Discussion in 'Buying, Selling & Renting Timeshares' started by CJ Roamer, Feb 11, 2019.

  1. CJ Roamer

    CJ Roamer Guest

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    HGVC Seawatch
    Thank goodness I ran across a suggestion from someone who posted years ago on another site. I have an HGVC property in Florida and usually banked my week and stayed at an RCI property. Like many others I have spent countless hours trying to offload my timeshare. After several years of use I wanted more flexibility than this old model of travel allows (thank goodness for Airbnb and VRBO!) and to get away from the fees that continue to grow each year. I'm fortunate in that it was gifted to me, so I didn't need to recoup an investment. After wasting a few months with HGVC listing it for sale, and with the Jan 1 fees coming due, I got serious about digging into this.

    Charities no longer want timeshares because they have the same problems we do with liquidating them. Even if you find one, you're probably going to have to pay a few hundred dollars in fees for the transfer.

    I called the salesperson representing my property and asked about the "deedback" option I read about. After first trying to convince me to let her drop the price again and give it a little more time to sell, she said the property can't say that's an option (officially) but if that's the route I plan to go then I should call a specific title company, and she gave me a name and phone number.

    Finally, some headway! I paid just under $300 in title search and related fees, and waited patiently. After about a month I received a copy of the registered and finalized deed - now back in the name of the property. I'm no longer responsible for fees and it's time to celebrate. I sincerely hope this helps someone else out there!
     
  2. tombanjo

    tombanjo TUG Member

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    Without knowing the details, I'd be a little worried. Just transferring the deed is only part of the equation. The "just calling a specific title company" bit is the worrisome bit. I would think the developer would handle the title transfer. But what do I know .........
     
    RX8 likes this.
  3. bogey21

    bogey21 TUG Member

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    I suggest checking with HGVC to verify that your account has been closed. IMO having a copy of a deed is not enough...

    George
     

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