What Is the Quickest Way to Get Rid of a Timeshare?

  1. You Can Give It Back

    • According to www.timesharetrap.com, the fastest way to get rid of a timeshare might be to quit claim it back to the resort. A quit claim releases you of all rights and simply returns ownership of the unit back to the resort. However, some resorts don't want the unit back and may refuse a quit claim.

    You Can Give It Away

    • Lawyer Kurt Brown offers timeshare owners the possibility of "dumping" their unit by simply giving it to him. He has a website that allows owners to offer their timeshare to Brown in exchange for taking over the yearly maintenance fees. Additionally, some charities will take a timeshare as a donation.

    Bottom Line

    • If you can't sell your timeshare and want to get rid of it quickly, quit claiming it back to the resort may be the best option to avoid a negative report on your credit. If the resort doesn't want it back, you may be able to give it to someone else.

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References

  • Photo Credit Resort Hotel image by Diane Stamatelatos from Fotolia.com

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