Timeshare donation - Florida Veterans Assistance Association
Has anyone considered donating their unwanted timeshare to a charity?
I recently completed the donation process with the Florida Veterans Assistance Association, Inc http://www.veteransassistance.us/ (a 501 C-3 Charity). I have no affiliation with this Charity. I actually found it by reading a letter to the editor on TimeSharing Today www.tstoday.com The charities representative told me that they processed over 300 timeshares last year.
The paperwork process took about four months. They did send me donation receipt for the amount of $1095.00. The charity charged me a $95.00 processing fee. They use a closing company that charges a $195.00 fee for closing costs.
My timeshare was a Celebrity resorts unit in Steamboat Springs,CO that I purchased a few years ago for $500.00 and have used for RCI trading. There is always one or more of these units for sale for a few dollars on eBay, with some owners paying closing costs.
I choose to use a charity to unload this timeshare, rather than try to sell on eBay and possibly have an unhappy buyer on my hands.
The advantage to using Florida Veterans is they actually transfer title to the charity. The few other charities that I could find out there still accepting timeshares just acted as an agent and do not actually transfer title until your unit is sold.
I didn't like paying to donate but I understand the charities need to pay administrative espenses. I liked the prospect of paying maintenance fees on an unwanted timeshare forever even less. I am very satisfied with their service and have started the donation process of another cheap timeshare I own.
Has anyone considered donating their unwanted timeshare to a charity?
I recently completed the donation process with the Florida Veterans Assistance Association, Inc http://www.veteransassistance.us/ (a 501 C-3 Charity). I have no affiliation with this Charity. I actually found it by reading a letter to the editor on TimeSharing Today www.tstoday.com The charities representative told me that they processed over 300 timeshares last year.
The paperwork process took about four months. They did send me donation receipt for the amount of $1095.00. The charity charged me a $95.00 processing fee. They use a closing company that charges a $195.00 fee for closing costs.
My timeshare was a Celebrity resorts unit in Steamboat Springs,CO that I purchased a few years ago for $500.00 and have used for RCI trading. There is always one or more of these units for sale for a few dollars on eBay, with some owners paying closing costs.
I choose to use a charity to unload this timeshare, rather than try to sell on eBay and possibly have an unhappy buyer on my hands.
The advantage to using Florida Veterans is they actually transfer title to the charity. The few other charities that I could find out there still accepting timeshares just acted as an agent and do not actually transfer title until your unit is sold.
I didn't like paying to donate but I understand the charities need to pay administrative espenses. I liked the prospect of paying maintenance fees on an unwanted timeshare forever even less. I am very satisfied with their service and have started the donation process of another cheap timeshare I own.