A reader who is affiliated with a non-profit organization shares their experience with accepting timeshare as a donation.
This is an important read for any timeshare owner, and provides a great deal of insight into issues surrounding increasing maintenance fees and stopping payment.
“I am affiliated with a non-profit organization. We received a timeshare donation week from an individual, not truly knowing what we were getting into.
Our first year the maintenance fees were increased by 20% without our consent. We reluctantly paid the bill, and one of our board members enjoyed the vacation week.
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Many timeshare owners out of luck on the resale market choose to offer their timeshare as a donation to a non-profit organization, or NPO. While some NPO’s have shied away from this type of fund raising, there are still many organizations out there that welcome timeshare as a way to raise money for their programs. Below is a list of charitable organizations accepting timeshare donations.
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The timeshare resale market can be tough, and many timeshare owners spend months or even years trying to sell unwanted timeshare. Many of these timeshare resale companies will charge fees for listing available timeshares, which can end up being a costly process – especially when you consider that a final sale is never guaranteed. For timeshare owners looking for a quick way to get out of maintenance and membership fees, timeshare donation is an excellent option. The only drawback to this approach is that most often you will need to own the timeshare outright, i.e. no longer be making any payments on the principal amount of the timeshare.
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If as a timeshare owner you are finding it difficult to sell your timeshare through traditional methods there are other options to consider. The following sales alternatives will not work with every resort or timeshare type, but for the desperate timeshare owner trying to get out they are worth considering and researching further.
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