This question comes up a lot on timeshare forums and blogs, and it can be complicated depending on the exact procedures outlined in your particular contract. There are a few main points that stay the same regardless of whether you have a deeded timeshare or right-to-use, and whether or not you have paid off the entire amount of the timeshare. The following is a description of the steps that will take place if you decide to throw in the towel and allow your timeshare to go into default, leading to timeshare foreclosure.
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Getting involved with timeshare can be confusing at times. This is a good reference for anyone involved in timesharing as it defines many of the common terms used to describe different aspects of time share. The glossary is alphabetical, and please let us know if there is anything you feel we have missed or would like to see defined.

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