Deedback fees

[CznDry]

I recently requested a deedback from our resort. It is not part of a large timeshare group. We own 1 week every third year using points and have no outstanding loans or delinquent maintenance fees. They responded with an offer to take it back for $2,500 which I think is ridiculous. I plan to counter the offer but I am curious what others have paid to deedback their timeshares.

 

[callwill]

I recently requested a deedback from our resort. It is not part of a large timeshare group. We own 1 week every third year using points and have no outstanding loans or delinquent maintenance fees. They responded with an offer to take it back for $2,500 which I think is ridiculous. I plan to counter the offer but I am curious what others have paid to deedback their timeshares.

Where is the timeshare? Name of it?

 

[sponger76]

I recently requested a deedback from our resort. It is not part of a large timeshare group. We own 1 week every third year using points and have no outstanding loans or delinquent maintenance fees. They responded with an offer to take it back for $2,500 which I think is ridiculous. I plan to counter the offer but I am curious what others have paid to deedback their timeshares.

It really depends on the timeshare. Some companies or HOAs don't take them back at all. Some take them back for free. Others charge, and the amounts can range from a couple hundred dollars to a couple of years worth of Maintenance Fees, which can run well over $2,500 depending on what is owned.

 

[bnoble]

a couple of years worth of Maintenance Fees

This is a triennial, so that's probably not the justificaiton.

I'd tell them that is a ridiculous number, and if they want to make a more reasonable offer, I'd listen to it. Otherwise, I would tel them I will default and they can foreclose when they are ready to do so.

 

[sponger76]

This is a triennial, so that's probably not the justificaiton.

I'd tell them that is a ridiculous number, and if they want to make a more reasonable offer, I'd listen to it. Otherwise, I would tel them I will default and they can foreclose when they are ready to do so.

Didn't say that was the justification, just was giving a few examples of how wildly deedback fees can vary, from zero to thousands of dollars. They were asking what other have paid, not what we thought the justification was for their particular circumstance.