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Flex or Deeded-Which Easier to Get Out?

D

Dauphine

newbie
Joined
Feb 4, 2020
Messages
2
Reaction score
0
Resorts Owned
Princeville-Vistana
Hello,

I have a deeded property at Princeville but am in the process of changing to the Sheraton Flex since this appears to work better for us in terms of where we live and vacation , we will reduce the maintenance fee, and get 3 star elite status. I realize that it is difficult to get rid of a timeshare, and my kids are not interested. While we don't anticipate trying to get rid of the timeshare for at least 10+ years, I'm wondering if it will be more difficult to get out with the flex than the deeded property? I do not expect any return on the 67K I put in to this, but am concerned about the exit strategy. Any comments would be appreciated. Thanks.
 
jabberwocky

jabberwocky

TUG Review Crew
TUG Member
Joined
Apr 30, 2016
Messages
2,853
Reaction score
2,618
Resorts Owned
SVR, SDO, WKORV-N, Westin Flex, HGVC (BLVD)
If your sole goal is to get rid of the timeshare you could always deed it back to Vistana in the future. I think SFlex will be harder to unload. There are several packages there available for essentially free.

Where are you wanting to go instead of Hawaii?
 
C

CalGalTraveler

TUG Review Crew: Veteran
TUG Member
Joined
Dec 21, 2014
Messages
10,615
Reaction score
9,247
Location
California
Resorts Owned
HGVC, MVC Vistana
Good to be asking about this upfront. Best to get a mandatory SVV deed in Florida which is a non-judicial, anti-deficiency state. Trades staroptions. If Vistana won't take it back and you cannot give it away in the end you can walk and let them foreclose and take the unit. Deeds in Hawaii and flex trusts don't offer similar protection.
 
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