Timeshares—urgggggg—–How Do I Get Rid of It Quickly?
My husband thought it would be great to get a timeshare. I was very nervous about accepting. Well we now have it, and on the verge of a separation. its been a pain trying to get rid of it. I have researched donation centers, and they have said no. Because of the property being Massunutten. Every place that I have looked, they want money upfront, not to mention I would still be paying a monthly fee while they try to sell it. I’m in a financial straint. Its rough. Not to mention my sons child care has increased., and going for my masters to make more money.
The Timeshare is in my husbands name and I co-signed. How much would this affect my credit, if I stopped paying. Or does anyone know of a non-scamming company that would like to sell it. I’m to the point to whereas I dont care if I get even 0 back from profit of selling it. This to me is a hard lesson learn…
PLEASE HELP!!!!!!!!!!!
If you didn’t buy long a go, you might still be under the recision period, check on that ASAP, if that is not an option; then resale is the next step.
To resale or rent a timeshare is a hard task, a basic rule is : don’t pay money up-front, there are some free classified adds where you can post it and get some hits:
http://timeshareownerscommunity.com/
http://craigslist.com
http:// hotdeeds.com
http:// ebay.com
Unfortunately, time shares are a very bad investment. Good luck getting rid of it. My Mother has one also, she can’t use it because they can’t afford to pay all the fees and things that go along with it. They don’t tell you about all that when they are selling you a great big money pit.
time shares are like dead sinking Albatroses around ur neck. u can’t get rid of them.
suggest u , no him get 2more jobs (he thought great idea) until it paid off. he can enjoy it then.
I also have a timeshare I want to get rid of. I have heard about donating it to charity. I haven’t decided to do it yet so I don’t know if it works but it sounds like you donate it and when it is finalized you are not responsible for maintence fees anymore. Then you can report it as a charity donation on your tax return so you get at least something from it. Good luck.