Founded in 1974, RCI has been a pioneer the concept of timeshare exchange vacations. RCI has more than three million members worldwide, who enjoy vacations at RCI’s over 3,700 affiliated resorts. R.C.I. time share owners and resorts are a unique community of travel enthusiasts that value timesharing as a great way to get their money’s worth while traveling. RCI members benefit from the knowledge, experience and resources of RCI’s Guides, who provide assistance in the planning of exchange vacations. RCI provides the opportunity for exchange vacations, which allow members to discover new places and enjoy the freedom of resort vacationing all over the world. RCI is considered within the timeshare industry as the global leader in vacation exchange.
Read the rest of this entry »
Whether you are facing timeshare foreclosure or are looking for a way to get rid of an unwanted time share, a deed in-lieu of foreclosure can be a great option to get rid of your timeshare obligation. It is important to note that a deed in lieu of can usually only be (easily) obtained by an owner that has already paid off the principal balance of the property, whose only remaining financial obligations are yearly/monthly maintenance fees. If you still owe money on the property, in addition to maintenance fees, you will want to discuss a deed in lieu of foreclosure with your lender - their willingness to allow you to sign the deed instead of foreclosing depends on a variety of factors including the amount owed, frequency of delinquent payments, your personal situation and resort desirability. If the deed in lieu of foreclosure is accepted and executed in this case, the former owner may be responsible for any applicable legal fees and/or amount owed different than what the property was resold for; although I have found that many timeshare resort property owners do not take this extra legal step, as it involves a series of court orders and legal fees for their company.
Read the rest of this entry »
Whether you are simply unable to use your timeshare week for one year, or want to get rid of your timeshare completely, there are a few sites out there that can assist you with either renting out or selling your timeshare for no cost. Beware of the sites that require you to subscribe to a monthly plan in order for your timeshare to be displayed and sites that require a large amount of money down with offering a money back guarantee. If it sounds too good to be true, it probably is. Below you will find my top three picks for listing, renting out and selling timeshare with very little or no cost.
Read the rest of this entry »
