• 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 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st 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 $23,000,000 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 $23 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of 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!

question about giving away a timeshare

diane614

TUG Member
Joined
Jun 7, 2005
Messages
6
Reaction score
0
I have someone interested in some of my Wyndham points that I am giving away and offering to pay part of the transfer/closing fees. Is there any way that I can get myself into a bad situation? Being scammed somehow? I cannot figure out how since I am not charging a price for these, but with so many con artists out there taking advantage of owners, I thought I should ask the experts on tug before I proceed. I intend to use a closing company that has been recommended on tug. I am a bit nervous.
Thanks for any help you can offer.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
58,764
Reaction score
10,657
Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
If you use a reputable closing company, you will be fine - they will recognize any problems.
 

diane614

TUG Member
Joined
Jun 7, 2005
Messages
6
Reaction score
0
Thanks so much Denise for your quick reply. One other question if you don't mind. Do I need to have a contract? I will be contacting the closing company that I saw you recommend. Is an oral agreement to take the timeshare enough?
Thank you again!
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
58,764
Reaction score
10,657
Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
Thanks so much Denise for your quick reply. One other question if you don't mind. Do I need to have a contract? I will be contacting the closing company that I saw you recommend. Is an oral agreement to take the timeshare enough?
Thank you again!

I would discuss this with the closing company. I've done two free transfers with other Tuggers - one with simple contract, and one without.
 
Top