Further clarification...
Thanks Theo. Forgive my ignorance but what is PCC?
PCC is an acronym for "Post Card Company". These are companies (they usually advertise by Post Cards, hence the acquired nickname) that obtain weeks from desperate owners who
pay them (...usually several thousand dollars...) to "take a timeshare off their hands". More often than not, the PCC never actually records a new deed in their own name, but instead merely acquires a "power of attorney" from the aforementioned owner in order to then become legally authorized to dispose of the week
on the owners' behalf. In this approach, if the PCC cannot later successfully unload the timeshare, the only one left "on the hook" is the owner who (erroneously and unwisely)
thought he / she
already got rid of the ownership after paying out big money to do so (...or
not do so, in some unfortunate instances).
That said, good deals
can be found from PCC's --- as long as you verify
all advertised details
and swallow hard to ignore their "less than admirable" (some might even say outright parasitic)
business model.