Parent's Timeshare

[rbaum0519]

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]

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.

 

[rbaum0519]

Cost of Points

Fairfield wants $10,900 to convert the 2 weeks to points.

 

[UWSurfer]

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]

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.