Yes, it is possible to own a timeshare, which is a property ownership arrangement where multiple individuals share ownership and usage rights to a vacation property for a specified period of time each year.
Yes, it's possible to sell your timeshare. All you need to do is find a relevant board that people sell and trade their timeshares. You don't have to trade though, you can just sell or rent it out.
Failure to pay the mortgage on a time share property will result in the lending institution seeking a foreclosure on the timeshare; the lender will then own the timeshare and be able to sell it on to someone else.
You can list your timeshare for sale on your own website, a newspaper, or another website. Places like ebay and craigslist are good places for this.
Timeshare sales have some advantages associated with them. For instance, if you own alot of timeshares and the stock price rises, then you can become a very wealthy person.
You will lose your right to use the timeshare property. Also, depending on applicable laws, the timeshare may be sold and/or you may be sued for the unpaid payments. It is also possible that the timeshare developer will impose interests rates on your next bill. Owning a timeshare is considered a lifetime liability. Not paying your timeshare will not usually result in losing your ownership of it. You still have that liability. Usually, interest rates will be imposed on your next bill. But depending on its underlying legal agreements, you can get sued for not paying your timeshare fees. You can get sued for it and it will reflect on credit history making it harder for you to make loans in the future.
You can find help selling a timeshare. You can reach out to local timeshare resale companies. For tips on selling a timeshare go to www.timesharehelp.net/.
It appears that it would be very difficult to book a holiday with Blue Green Resorts if one does not have a timeshare with them. There are many complaints online about Blue Green Resorts and one is advised to read the 'fine print' very carefully if one is dealing with this timeshare company.
Timeshare can sometimes turn into scams. It would be a safer investment to continue with the rental home. You are the owner of your own home so you make the decisions.
To buy any sort of timeshare, check into companies and websites such as Timeshare Angels or Timeshare Liquidation. Some timeshares are even sold through eBay.
The Marriott Timeshare Vacation Club and Timeshare Aid are both websites where one can go to find out more information regarding Marriott Timeshare resales.
There are many different sites that have timeshare rental listings. Some of these sites include Timeshare Helper, Sell My Timeshare Now, and Vacation Timeshare Rentals.
A timeshare is an asset, not a debt. It cannot be discharged. If you are in arrears in your timeshare payments, like being in arrears on a mortgage, you would be able to surrender the timeshare and discharge the arrears.