Posted on: 09th Dec, 2009 01:55 pm
i own several timeshares and am despirate to get rid of them because of our age and health. if i leave these to my daughter it will be like leaving her a life long debt. they are all paid in full, but the maintenance is rising each year. my question is - can i really rid myself of these with the quit claim deed? i have been told that most of the timeshare companies will not accept them. please advise. i own in south carolina, tennessee, florida and ga.
Hi rsquattlebaum,
You can use a quit claim deed to transfer the property to the lender. However, if the timeshare company does not accept it, then the deed will be of no use. It would be better if you could list the property for sale and check out if you can get buyers for the timeshare property.
Feel free to ask if you've further queries.
Sussane
You can use a quit claim deed to transfer the property to the lender. However, if the timeshare company does not accept it, then the deed will be of no use. It would be better if you could list the property for sale and check out if you can get buyers for the timeshare property.
Feel free to ask if you've further queries.
Sussane