What you propose is that owners who want out must subsidize the lifestyles of other owners who want to keep using the resort by holding their credit score hostage. So, if you are not willing to hold the HOA accountable, who IS accountable?
Boca, you have nailed the whole problem right here.
We actually have a class struggle going on in TS ownership. One one hand the people who own good weeks and those who do not.
I won't go into an argument on why people bought bad weeks, but as time passes the trading companies are making those weeks less valuable.
At the same time the good weeks owners are very happy and expect the bad week owners to keep paying the same MFs as they do even though those weeks have less value.
If you own a good week it may be very easy to sell or give it away, if you own a bad week, it's not so easy.
I think a number of bad week owners have had enough and want out.
The good week owners don't want to pay extra for their privileged weeks and of course want to hold the bad week owners hostage with the threat of bad credit.
If a resort has a lot of people wanting out there could be problems keeping the resort afloat. IF there are relatively few, there should be no problem taking deed backs.
I am tired of hearing that since someone took on an obligation to buy a timeshare they should be held to that decision forever. People make bad decisions. Should they be made to pay for that decision forever?
I don't think so, even some murders fulfill their obligation to society after a number of years, sometimes a very short time.
The TS industry as we knew it 10 years ago will not work. Too many TSs being built, too much pressure by sales teams leading people to make bad purchases, and no way out without ruining your credit.
Something has to give!
In come the PCCs and the relief companies. Find some help for those being held hostage or it's only going to get worse then the good week owners won't be able to afford their MFs and everything will eventually collapse.