Need advice, just pay/work on Deedback?

[Lizzysparkles815]

Hello, long story short, my husband and I signed a contract for a VV Williamsburg timeshare last Oct 2021. I should have never signed it, and rescind as soon as I could, but literally the day of the presentation/contract my father died early that morning. I was a wreck, and just wanted to leave, however the guy talked up this timeshare as being a great thing to get in light of such a tragedy. Guy was a real winner. Anyways, its for week 48, a 4 bdrm, biennial even years. Total purchase price was $9,990. Thankfully, my FIL found out and paid the loan off (we now pay him), and we are supposed to get a deed now, correct? Nothing was mailed to us. I got an invoice for 2022 (billed 10/2021), and 2023 (billed 10/2022) maintenance fees, although we were assured we wouldn't have to pay anything in 2021. Those fees are about $850. I'm calling them this morning to see what the fees are, and to pay on my payment plan that my bank freaking blocked. I'm on disability, my husband isn’t working, and I only get my social security and food stamps to pay for anything. I know I'm going to have to catch up on the fees, or they'll take the deed away from us, right?? Once I do catch up, should I just try for a deed back due to medical/financial hardship? Or am I going to have to try to sell/give away this crap? I've been up all night researching, and signed up for a bunch of exit companies to call me (I hadn't found this site first, sigh), and I'm sure those will just cost me money. I'm just worried about the deed back costing me $1500, cuz I don't have that, and never will if I have to keep paying the maintanence fees. I'm just confused, and worried and unsure of what to do, and I'm tired of being broke for a stupid decision I made while I was dealing with my dad's death. Any help/advice is appreciated. Thanks! And sorry, this actually wasn't very short, oops.

 

[Patri]

If you don't care about your credit score (and no guarantee it will be hit), just stop all payments to the timeshare. Notify them you cannot keep it because of financial hardship. That you never got the deed anyway. Since they received the contract price, maybe they will take it back. They are only out maintenance fees and can just resell it. Tell them you will not pay them to take it back. In this case, it is too bad your FIL paid off the loan, because you could have stopped paying on that as well. For his sake, please keep paying him.