Legal Question in Real Estate Law in Oregon
How to remove my name from timeshare property
I want to remove my name from the deed to a timeshare property my ex-husband and I own in Nevada. What steps need to be taken? Can this be handled in OR even though property is in NV?
1 Answer from Attorneys
Re: How to remove my name from timeshare property
It' not that easy. Timeshares carry with them obligations to continue making payments... think of it more along of the lines of a loan that you took out than property you've acquired.
You will need to check what the process is for terminating (selling it back to the company) or selling (to a third party).
The danger with timeshares is that they are very difficult to resell or get out of for a decent price. They're more of a consumption item than an investment.
I'm sure this is not what you wanted to read... but contact the company and/or read the contract. Figure out what it will cost you and pay the cost to get this weight of your neck.
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