ISLAND SEAS in Freeport..Have relative that wants to walk away as timeshare is a mess..any feedback as to how they do it??

[gumbow719]

Can anyone with knowledge reagrding international timeshares give advice?? Much appreciated Bill

 

[legalfee]

Can anyone with knowledge reagrding international timeshares give advice?? Much appreciated Bill

I'm not familiar with that resort but in most cases you can put it on Ebay for $1 to get rid of them.

 

[lkc1234]

Can anyone with knowledge reagrding international timeshares give advice?? Much appreciated Bill

Do they have a mortgage? If not then at last resort just quit paying the maintenance fees.

 

[Passepartout]

You may want to find out if the ownership is deeded, or if it's a 'Right-To-Use'. For the former, they should list it and try to give it away. If it's a RTU, just stop paying and it'll go back to the resort.

 

[gumbow719]

thank you I will check

 

[gumbow719]

I'm not familiar with that resort but in most cases you can put it on Ebay for $1 to get rid of them.

Have no first hand knowledge..was advised place needs some TLC...reviews on RCI still strong..They just want out..

 

[gumbow719]

Found my answer our friends need to file bankruptcy After they stop paying and the resort starts foreclosure proceeds Then bankruptcy will wipe all debt with the resort...any feedback welcomed...

 

[Janann]

Found my answer our friends need to file bankruptcy After they stop paying and the resort starts foreclosure proceeds Then bankruptcy will wipe all debt with the resort...any feedback welcomed...

Assuming there is no mortgage, there is no reason to file bankruptcy over this. As noted above, either stop paying the maintenance fees or sell the timeshare.

 

[Tia]

Might this topic might get more input/replies in the Buy/Sell/Trade forum?

 

[gumbow719]

Might this topic might get more input/replies in the Buy/Sell/Trade forum?

Thanks but seems our relatives are taking care of it in whatever they decide..Thanks