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Getting Rid of a Timeshare

marvkief

TUG Member
Joined
Sep 2, 2017
Messages
2
Reaction score
0
Points
61
Resorts Owned
HIVC
Does anybody know what HVIC does if you don't pay your MFs or resort fee?
 

SteelerGal

TUG Member
Joined
Mar 8, 2019
Messages
1,023
Reaction score
419
Points
134
Resorts Owned
WKV, SDO, HPP, Bay Club
If it is paid off, give it away on TUG. I’ve given away and received TS via TUG.
 

CalGalTraveler

TUG Member
Joined
Dec 21, 2014
Messages
4,337
Reaction score
2,863
Points
348
Location
California
Is your mortgage paid off? If so, I would go with @SteelerGal advice and give it away here on TUG or on Timesharenation.

Many of the TS companies have ResponsibleExit.com programs to take the timeshare back.

If you cannot give it away (even with incentives of paying fees and free year of MF), or not willing to deedback, then if the TS is located in Florida, California, or South Carolina you can walk as these are non-judicial, anti-deficiency states for timeshares. i.e. you can walk and all they can do it foreclose the timeshare, send nasty letters and try to call you (bark no bite), and take it back. Hit your credit score if they have your social and birthdate but if you purchased resale or didn't have a mortgage with them, they may not have it. You can offer a deed in lieu of foreclosure first to reduce the cost of time and delays. YMMV Check with a lawyer.
 

jackio

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
1,356
Reaction score
383
Points
294
Location
Long Island, NY
Resorts Owned
Sand Pebbles, Presidential Villas at Plantation Resort, Quarter House, Sheraton Broadway Plantation
HICV will take your unit back if you don't have a mortgage on it.
 
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