Just a short note: My in-laws bought 3 timeshares. My wife and I are now settling their estate. What we have found out:
a. If you want to give the timeshare back to the company that sold it to you and just forfeit all your money invested, well, you can’t really do that because they put you on hold forever and bounce you between departments.
b. If you want to use a lawyer to get rid of a timeshare you own, you can pay $3K to a reputable lawyer who can’t guarantee that you can get out of it, but he will try, and if he fails will give you back $1500 of your $3000.
c. If you die, your heirs can pay a lawyer $1500 to get out of it, pretty much guaranteed.
d. You might be able to sell it for $0. In that case a sales company will sell it to someone else for $2000K, you get $0.
In all the above cases, you forfeit all the money you have put into it.
If you don’t do one of the above, you have to keep paying the approximately $1000 per year maintenance fees.
If you don’t pay the maintenance fees, they send bill collectors after you.
You really want to spend time at a timeshare property? Just search for “timeshares for rent” and pay just for what you use.
Rant over.