Check with your HOA. Many will accept a deedback although none I know of, for obvious reasons, advertise that fact. It is much cheaper for them than having the expense and time involved in a foreclosure.
If you record a deed without an actual acceptance by the grantee, then you can create problems for yourself, which may vary from state to state. In some states, acceptance by the grantee is presumed from the fact of recordation, and the grantee has to go to court to establish that it did not in fact accept it, which they may or may not bother to do.
I can think of some creative ways to dispose of a timeshare in which the resort would probably wish they had accepted a simple deedback. I had a relative who practiced law in western North Carolina who had acquired a small and almost valueless piece of land in a transaction with other parcels. He was on the outs politically with the mayor, and when the town discovered he owned it they started mowing it and sending him the bill, but not doing so for similar property on either side, just his. He got a bellyful of that, drafted a deed that took the property out of his name and royally screwed up the title that would make it extremely expensive and time consuming for anyone else to ever striaghten it out, and recorded the deed. He sat back, let the town keep mowing and waited until they leaned on him for payment of multiple bills. That's when he asked them to look at the deed at a particular book and page number. They quit calling and also quit mowing.
