• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Parent's Timeshare

rbaum0519

newbie
Joined
Jul 20, 2008
Messages
8
Reaction score
0
Location
st louis
My parents bought 2 weeks fixed weeks from Fairfield glade in 1988. In 2008 they have decided to stop going there. The current MFs are $520 for the fixed week in July and $520 for the week in Feb for a toral of $1040 annually. I told them I'd be interested in taking over the July fixed week but couldn't use the Feb week.

I have a copy of the Corproation Deed and both weeks are listed on the deed. I was thinking I could just allow the feb week to go into forclosure or quitclaim it back to Fairfield. Is there a way to get the weeks seperated and only pay MFs on the week I want to keep.

I'm not sure I could "give away" a Feb (week 7) with Maint fees at $512.

What options should I consider if I want to keep the July week? Should I consider selling/donating both weeks and get a July week using another method?

Any advice would be appreciated.

Thanks
Ray
 

lprstn

TUG Review Crew: Veteran
TUG Member
Joined
Sep 14, 2007
Messages
2,655
Reaction score
22
Why don't you consider converting the weeks to points. That way you will have a lot more flexibility to use it and it doesn't matter what specific week you own.

Just something to think about.
 

UWSurfer

Tug Review Crew
TUG Member
Joined
Feb 10, 2007
Messages
2,444
Reaction score
71
Location
Los Angeles
Instead of converting to points you could always use the July week and deposit the February week in RCI.

Who knows what you might pull and certainly is less expensive than converting it. $512 a week in MF's doesn't sound all that high to my ears.
 

SBK

TUG Member
Joined
Jun 6, 2005
Messages
502
Reaction score
0
Location
Alexandria, VA
Parents' Credit Rating

I can't believe that you would even consider ruining your parents' credit rating by failing to pay the maintenance fees. Would you consider that if the units were in your name.:confused:
 
Top