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Quit Claim DeedIf you no longer want your timeshare and are willing to part with it for free, you may want to try and give the timeshare back to the timeshare resort directly. You can do this by filing a "Quit Claim Deed."
Quit Claim Deeds are usually used during divorces. When one of the parties in a divorce gives up the rights to a property, a Quit Claim Deed is used. While this is the usual use of this document, it may also be possible to use it to give back your timeshare to the company your purchased it from.
The important issue to remember here is that the timeshare company is under no obligation to accept the Quit Claim Deed. It therefore pays to offer them the Quit Claim Deed politely and hope they will take it. If they don't want the timeshare back because they want someone to continue to make the maintenance and other fees, then you are still stuck with it.
When you give the Quit Claim Deed and it is accepted, you give up any rights to the timeshare or any future rights of your heirs or assignees. While it's highly advisable to have an attorney help you out with this, you can give it a try by yourself if you want. You can get a free Quit Claim Deed with a simple search on the Internet. Fill in the information pertaining to your situation, the description on the original deed, etc. and record it at the county courthouse.
Once you have the Quick Claim Deed recorded, take it to your timeshare resort manager and remember to be polite. The chance of this working depends a lot on the timeshare management, but it is worth a try if the only other option is defaulting on the timeshare payments.
Please read our DisclaimerPrevious: Sell Timeshare - Reseller | Next: Timeshare Dump
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