Get Rid of Your Timeshare and Save Your Home

During these harsh economic times, it's stressful enough to think about how to pay for your home mortgage, putting food on the table, and filling up the gas tank. So, as foreclosures reach all-time highs and hundreds of thousands of people are losing their jobs each month, timeshare owners have actually been billed special assessment fees for hundreds, and in a number of cases, thousands of dollars. When added to rising maintenance fees paid every year, homeowners should consider getting rid of their timeshare(s) before it's too late. save the elephants charity

If you are financing your timeshare, you must pay it off as quickly as possible. First, you'll end your interest payments that make your timeshare even more costly. Remember, these interest payments are not tax deductible like the interest payments for your primary home mortgage. Secondly, by having a mortgage on the timeshare, the likelihood of getting an offer is the same as seeing flying elephants. There are simply too many timeshares for sale on the market without mortgages.

The timeshare resale market has historically been a difficult one for sellers. In a report by the FTC, only 3.3 percent of timeshares listed have been sold on the resale market over the last 20 years. Attempting to sell it in today's economic climate may prove even more difficult. You may end up waiting for a long time even after spending good money on advertising and broker fees. It's time wasted that you can ill afford not knowing if a special assessment is on its way.

Renting does not make sense when you could be invoiced for thousands of dollars in special assessments. You might make some money in rent, but lose money overall without ever going to the timeshare resort yourself.

Furthermore, fewer charities are taking ownership of timeshares because of the inherent cost and liabilities. Again, like selling, donating your timeshare may take too much time to find a proper charity that will take it. Unfortunately, the clock is always ticking and the next timeshare bill may be just around the corner.

If your checkbook cannot handle a sudden $1,000+ special assessment with the possibility of future fees, do your best to part with your timeshare as soon as you can. As you have read, trying to discard it yourself may or may not quickly end in success. Meanwhile, the time spent waiting will only build more stress on yourself. So, if you want a fast solution, go to a timeshare transfer company to get relief from your timeshare today. elephant protection charities

A good timeshare transfer company will guarantee the transfer of a timeshare out of an owner's name so that the owner is no longer responsible for any fees associated with that timeshare. This service is performed for a fee. The transaction is quick and should be binding the minute that you sign a contract. In other words, any fee that is mailed to you after the contract is signed should go to the transfer company and not to you. Your financial responsibility for the timeshare will be lifted upon signing the contract.

Be sure to go with a transfer company with a long track record. The company should be in business for a minimum of four (4) years. This rule of thumb will eliminate nearly all of the transfer companies that are not looking out for best interest of their customers. Also, check the Better Business Bureau for ratings. No company is perfect and without complaints. But, verify that the complaints on the report are addressed and that the company has a high rating.

Regardless of how you get rid of your timeshare, once it is gone, you will never have to worry about another maintenance fee or special assessment ever again. You'll be able to turn your focused attention to the necessities, like your home. save elephants sri lanka

Bobby Hernandez is a leading consultant within the timeshare industry. He has years of experience with the sales & marketing of timeshares. He's a previous timeshare owner, and now advocates extreme caution for those looking to purchase a timeshare as the financial obligations for many would-be buyers will often exceed the vacationing benefits.