Smugglers' Notch & Quit Claim

[mikelbeebe]

I've been reading about some people using a Quit Claim to get rid of their timeshare. Has anybody attempted to use this method at Smugglers' Notch, VT? My understanding is that the resort has to "accept" the quit claim or you're wasting your time.

 

[theo]

I've been reading about some people using a Quit Claim to get rid of their timeshare. Has anybody attempted to use this method at Smugglers' Notch, VT? My understanding is that the resort has to "accept" the quit claim or you're wasting your time.

Your understanding is correct. No one can just unilaterally deed a week to an unwilling recipient, regardless of whether that unwilling recipient is a resort, or any other individual(s). Plainly stated, overt acceptance by the "grantee" is a fundamental legal requirement for any valid deed.

That said, call the resort management directly to inquire about their policy regarding acceptance of a deed in lieu of foreclosure (a.k.a. "deedback"). The past experiences of others is yesterday's news and meaningless. Policies and practices change (...as has the management company at Smuggler's Notch in the recent past).

 

[janej]

Which week do you own? Most of Smuggs week were sold in pairs with one high season and one off season bundled together. So most of them should have some value.

 

[DeniseM]

Please consider giving your timeshare away to a private individual who would like to own it.

Why?
-You can give it away yourself for nearly no cost.
-You can control the transfer process to make sure it is truly transferred out of your name.
-You won't have to deal with companies that may or may not be Legit.
-You can transfer it to a private individual who will be happy to have it for their own use.
-You will have the satisfaction of knowing that you ended your ownership legally and ethically.

There are two places on TUG where you can give away your TS's for free (no charge for the Ads.) There are other cheap and free sites on the internet, as well.

TUG Marketplace - the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)

Bargain Deals - Totally FREE! - just write a simple post with all the pertinent info. In your post, include the following info.:

-resort name
-unit size
-season owned
-maintenance fee
-current reservations​

To make it more attractive I would:

1) Pay the 2012 maintenance fees and don't ask for reimbursement.

2) Pay for the title transfer (you can get a simple title transfer with no escrow or title search for about $100.) Many people have used Tugger TTT (Alan) at Time Travel Traders for this service in the past, but he is retired and is referring most business to Lisa Short for this service - 1.706.969.8906 readylegal@gmail.com Lisa has been receiving good reviews on TUG.

3) Reserve a popular holiday week in 2012 for the new owner

4) Instead of paying a fee to a rescue company - consider offering a cash incentive to the new owner.​

Good luck!