What if I just stop paying my annual dues?

[dirkoth]

How bad is it to simply default? What happens, what are the downsides?

Is it possible to sell a timeshare to someone via a quitclaim, and just record that claim in the county, and walk away?

Any advice?

[key]

I'm not an expert, but my understanding is that you will ruin your credit rating for quite awhile. If you quit paying, the timeshare resort will send it to a collection agency and report it to the credit bureaus. This means a hit to your credit score which will hound you for a minimum of a few years.

[jeffrey]

You can try the quitclaim (http://www.timesharetrap.com/give_back_your_timeshare.html), but there is no guarantee the timeshare resort will accept it and if they don't, you run into the same problem with having your credit ruined.

[dirkoth]

Can i sell it to someone else, for a dollar, and record that sale with a quit claim? Is that legal? Will the new person then be the owner of record?

In other words, how do i manage to even give it away? Charities won't take it, can i sell it to someone and file with a quit claim, or must the sale be more complex?

[lmuzzy]

If anyone is really interested in donating their timeshare to charity, I recommend checking out http://www.communityhousingdevelopment.org/. I donated my "right to use" timeshare and it finally sold! I can now use it for a tax break. They worked hard at it, but your maintenance fees have to be paid up and your paperwork in order....good luck!