I am well aware of the drawbacks & cost, but it seems I would be ahead with such a sale by being able to keep all keep my 4 weeks reservations for 2011, save my MF's on both units for this year 2010 and get out from underneath my obligations.Does anyone have any recent dealing
As Denise said, TSR will ask for a power of attorney so they can handle a transfer (if and when they find someone to take it) and you still own it and pay for the maintenance fees for as long as they're trying. They will tell you that they have someone who is "taking" these timeshares and somehow returning them to the TS company (thats what they told me). But, make no mistake about it, this is not what they're doing. They take them and post them on eBay for $1. They have your $3,500 so they don't care what they get for it on eBay. If it doesn't sell, then you're still stuck with it and could possibly be out the $3,500 that you paid to TSR.
My impression overall is that TSR is legitimate, in the sense that they are not a total scam. But there is no guarantee that they will be able to unload it. As Denise said, try your best to give it away first.
I almost went with TSR. I talked to them for about 9 months last year and was planning to use them at the end of the year when I returned from my last trip to the TS. But then I found someone who wanted it and was able to give it away in a painless and totally legal process. The guy at TSR got pretty upset when I told him I found someone who wanted it and thanked him for all his help. I was real polite to the guy because up until then he had been real professional. But once he knew he wasn't getting my money he lost it and told me to "be a man" and don't give my TS to someone, pay him to take it.
You may want to search the forum and read up on giving it to charity, as in this thread -
http://www.tugbbs.com/forums/showthread.php?t=43929. But a charity doesn't want it unless they can sell it, and if its worth nothing then they probably won't even take it.
I'd use TSR as a last resort. But I mean a very last resort. Good luck.