How do I get rid of a timeshare in a divorce?
How do I get rid of a timeshare in a divorce? The reality is, when it comes to dividing a timeshare between spouses the options are pretty much the same as they are with any other asset held between spouses - you can either: Sell the timeshare asset. Share the timeshare asset. One spouse can buy the other spouse out of the timeshare.
What are the 5 ways to get rid of a timeshare?
- Checking the Rescission Period. ...
- Contacting the Timeshare Resort. ...
- Reselling The Timeshare Yourself. ...
- Reselling the Timeshare Through a Broker. ...
- Hiring a Timeshare Exit Company.
Can a timeshare sue you for non payment?
Depending on the timeshare company, it may be written in your timeshare contract that they have the right to take legal action against owners who don't pay maintenance fees. Your timeshare may go into foreclosure and you will no longer be able to use your ownership.
How do I get rid of a timeshare without ruining my credit?
If you're looking to get rid of your resort ownership, one of the best options is to sell it. In fact, if you're looking to say goodbye to your timeshare, selling it is a great exit strategy. Plus, it's one that won't harm your credit report.