Comments on: Timeshare Default Rates – Impact on Owners http://timesharerelief360.wordpress.com/2009/01/26/timeshare-default-rates-impact-on-owners/ Timeshare Relief is an intelligent exit strategy for distressed timeshare owners due to tax, vacation rentals, & maintenance fees imposed by timeshare developers like RCI, Cendant, Disney, etc. Thu, 10 Dec 2009 07:59:00 +0000 http://wordpress.com/ hourly 1 By: Steve Wassman http://timesharerelief360.wordpress.com/2009/01/26/timeshare-default-rates-impact-on-owners/#comment-248 Steve Wassman Mon, 24 Aug 2009 19:32:07 +0000 http://timesharerelief360.wordpress.com/?p=196#comment-248 My mother has a timeshare with an annual maintenance fee of about $300. She owns it free and clear and wants to get rid of it. There doesn't appear to be any market for them. She is in her mid-80's and doesn't plan on buying anything where she would require financing. She pays off her credit card every month. My sister and I don't want the timeshare. What is the practical risk to her if she discontinues to pay her annual fee? I know any kind of a default reflects negatively on her credit score, but this seems a moot point at this stage in her life. There must be other people out there who have confronted this situatuation before. I am interested in their experience. Thank you. My mother has a timeshare with an annual maintenance fee of about $300. She owns it free and clear and wants to get rid of it. There doesn’t appear to be any market for them. She is in her mid-80’s and doesn’t plan on buying anything where she would require financing. She pays off her credit card every month.

My sister and I don’t want the timeshare.

What is the practical risk to her if she discontinues to pay her annual fee? I know any kind of a default reflects negatively on her credit score, but this seems a moot point at this stage in her life.

There must be other people out there who have confronted this situatuation before. I am interested in their experience.

Thank you.

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