Legal Question in Real Estate Law in California

Re: How to get rid of blood sucking timeshare?

You need to first determine where the proper forum for this matter exists. By that I mean the property is in Las Vegas, and I assume you are in California. Timeshares have all sorts of different rules depending upon what state they are originated in. Go back through your loan documentation for the timeshare acquistion, and see if there is something in there that talks about the State in which disputes under the timeshare will be litigated. Its called a choice of law clause. This is important, because it will tell you if you need to talk to an attorney in California, Nevada or quite possibly another State. You are very likely looking at the potential for a deficiency. Try to sell it through one of the companies you see advertised frequently, or negotiate with the timeshare holder. You also need to determine where you need an attorney before you sit down with anyone. Good luck.

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Re: How to get rid of blood sucking timeshare?

I would try and sell it through agencies that do this service. Instead of doing foreclosure, have you tried just calling an negotiating a early termination?