We want to get rid of our timeshare. There is no mortgage on it, but of course there are maintenance fees. Ours is one that can be used around the world owned by a major timeshare company. The past few years every time I've called, I couldn't get in. We couldn't change locations, so we just gave up. Then we went to a dinner. The "counselor" we had curtly told us the reason we couldn't get in was because we were asking for a unit we didn't qualify for - but no one EVER told us that! For a monthly fee, we could qualify for their top level, and of course she recommended that. We ALMOST went for it, but left without signing one of the papers. Of course they contacted us, but after reading the paperwork over we were done. We were glad we had missed the one paper.
Then there is the fact that if anything happens to us our children would be responsible for the maintenance fees.
The company will not buy it back from us, and I understand most organizations will not accept a donation of one.
I'm skeptical about some of these companies that say they will get us out of it. A co-worker had a horrible experience with one that took him years to get out of and he finally had to hire a lawyer himself. They do contact us all of the time. I ignore them.
We kind of resigned ourselves to the fact that we are out all of the money we've put into it, including paying the mortage in full. We were young, it sounded great, and we didn't investigate it enough.
Our friends have one they're really happy with, but it's a private lodge that they go to every year (there is only one location). They get the same unit, and have made lots of friends there. I can see how that would work.
I would really appreciate any advice you can give me? Are there any organizations that really do help? Or should we just hire a real estate attorney? TIA!