• 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!

Timeshare sales now

M

mcorreia

newbie
Joined
Dec 9, 2024
Messages
1
Reaction score
0
Resorts Owned
Grand Mayan
What is the safest way to unload a timeshare right now?
 
sponger76

sponger76

TUG Member
Joined
Jun 30, 2022
Messages
1,795
Reaction score
1,219
Location
Texas
mcorreia said:
What is the safest way to unload a timeshare right now?
Click to expand...
If it is paid off and the company has a deed-back program, take can take advantage of it. Otherwise, find another person who might want it and either sell or (more likely for most timeshares) give to them.
 
L

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
5,199
Reaction score
3,182
Location
British Columbia
If what Sponger76 said above doesn't work, your last best option would be to stop making any payments and let it go into foreclosure. Keep in mind that you will likely face a bunch of annoying collection calls and letters. You might also face a hit to your credit score or history.

Whatever you do, do not go seeking the "help" of these exit or cancel companies or law firms that claim they can get you out of your TS scot-free.
 
Fido Chuckwagon

Fido Chuckwagon

TUG Member
Joined
Sep 18, 2022
Messages
1,793
Reaction score
1,344
Resorts Owned
Disney’s Saratoga Springs Resort; Wyndham Bonnet Creek; Wyndham Bali Hai; Wyndham Canterbury; Wyndham Grand Desert; Marriott Grand Chateau
mcorreia said:
What is the safest way to unload a timeshare right now?
Click to expand...
We need more information to be able to assist you. Please answer the following questions and I'm confident you will get good advice:

1. What timeshare is it? Is it a major developer (if so list the developer), or an independent resort?
2. List the week if applicable, whether it floats, if so the season, annual dues, etc.;
3. If it's points, list the number of points.
4. Most importantly, Is it fully paid off or does it have a mortgage on it? With only a few outlier exceptions (ie: Disney Vacation Club), if you owe a mortgage on it, you're not going to be able to sell it.
 
TUGBrian

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,466
Reaction score
9,365
Location
Florida
V

vacation911

Guest
Joined
Sep 7, 2024
Messages
45
Reaction score
12
mcorreia said:
What is the safest way to unload a timeshare right now?
Click to expand...
Depends on what you have. Is it paid off? If its not I doubt you can unload it. It would need to be paid off. Most timeshares are given away for free on eBay and even right here on TUG.
They all have no loan....

If it paid off list for free on the timeshares for free section of this site
You could try to list for some minimal amount in the marketplace but minimal is key.
You can offer to pay closing and transfer to make it more appealing than others
If it not paid off you can either keep it, or if thats not an option take stop paying and take the hit on your credit

What's not safe is paying a company to list, cancel or sell your timeshare. They all just get you to stop paying anyways, and if you get foreclosed on, they consider their job done. Same results as just stopping payment on your own except now you are out whatever you paid.
 
V

vacation911

Guest
Joined
Sep 7, 2024
Messages
45
Reaction score
12
You must log in or register to reply here.
Top