swittner
TUG Member
After trying to sell/give away our useless week at Edgewater Beach, I was finally able to get the manager to talk to me about this option. They do allow you to "give" it back, but for a large fee. I had seen elsewhere someone mentioned the deed back on a timeshare was like $250. Edgewater will take ours back for 2 years of maintenance plus the remaining special assessment plus their lawyers fee, to the tune of $2,750. He sent me the paperwork, said it takes 2 weeks once they process it. I am partly swayed to just do it, to get out from under it, considering if we don't we will be stuck paying anyway.
We co own with my elderly parents, had considered signing over our half to them, and let them just stop paying (credit is not a consideration for them) We are hesitant because we don't know how hard the resort will chase them.
We also have a real estate lawyer friend looking over all the documents we have pertaining to the sale, etc, to see if there are any other options.
I wonder if the best choice will be to just pay, be done with it.
Thanks for all the input I have received through this site, it has been helpful. I dont think I would have pursued the buyback otherwise.
We co own with my elderly parents, had considered signing over our half to them, and let them just stop paying (credit is not a consideration for them) We are hesitant because we don't know how hard the resort will chase them.
We also have a real estate lawyer friend looking over all the documents we have pertaining to the sale, etc, to see if there are any other options.
I wonder if the best choice will be to just pay, be done with it.
Thanks for all the input I have received through this site, it has been helpful. I dont think I would have pursued the buyback otherwise.