Subject

Sure Johnny.

Timeshare is a good choice for people who cannot buy a vacation home. It is similar to vacation property where different families can purchase a fractional share of property for a specific time period.

The time period could be one week per year (that is, 1/52 th part of property) or one week every alternate year (that is, 1/104th of property).

A timeshare property offers facilities such as luxury, deluxe, first class, superior tourist class, etc.

Thanks,
James.

Hi Johnny,

Welcome to Mortgagefit discussion board.

There are many types of timeshare ownership one can have which are based on the usage and ownership rights like:

1. Fixed week time share
2. Floating time share
3. Right to use time share
4. Points Club

You can read the details of all these ownership types from this page - Timeshare Ownership

Blue

You can read about timeshares from this page - http://www.ftc.gov/bcp/conline/pubs/homes/resales.htm