I own a timeshare that I wish I didn’t own. I paid about $12000 cash for it – no debt – and have kept current on my quarterly maintenance payments of about $160. Without going into too much personal detail, the problem is – I’m probably never going to use it. And there are thousands of happy fools just like me who bought timeshares after an exuberant sales pitch during a nice vacation and then… blammo… we woke up! Simply put, I made a mistake and I want to correct it with the least amount of additional loss. I constantly receive phone calls from pitchsters who promise me that they can sell my timeshare for a tidy profit – after I pay them a nice upfront fee, of course. But I sense that the resale market for these “cash vacuums” is practically nonexistent, and I don’t want to throw good money after bad.
What are the options for timeshare owners who want OUT?
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