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I bought a time share in 1987 in kissame,fl. It's paid for,

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but I cannot afford the...
I bought a time share in 1987 in kissame,fl. It's paid for, but I cannot afford the maintenance fees. Just received a certified letter stating that a lean will be placed against me. How can I give the property back?
Submitted: 2 years ago.Category: Real Estate Law
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Answered in 3 minutes by:
1/26/2016
Real Estate Lawyer: KLAW, Arbitrator replied 2 years ago
KLAW
KLAW, Arbitrator
Category: Real Estate Law
Satisfied Customers: 2,487
Experience: I have over 20 years of experience in commercial real estate law, finance, consumer credit, landlord tenant, and business law.
Verified

Good afternoon, time shares are hard to sell in this current market. In your situation, which is common, you can either sell it, which is not working, or ask the time share company to take the deed back by a quite claim deed. That is where you are giving the time share back to them.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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