Original Message:
Deeded Timeshare | Keep or Sell, Pros and Cons (by Cheri P.):
Hello, My siblings and I (4 total) inherited a timeshare at Lagonita Lodge in Big Bear, California. It is deeded ownership, we each hold 1/4 share title as tenants in common. Our ownership in the property is 1/51 undivided interest. We have a 1 bedroom, partial lake view unit with one week per year during PRIME SEASON (January thru December and June thru August). Since inheriting in 2009, we have not used it, but continue to pay the fees, property tax, etc. We are exploring options. One of our family-members may want to take on full ownership (we'd transfer title into their name only) However, are curious if we can sell it, and what that process would be. Concerned about getting caught up in a timeshare exit strategy scam. Also curious if the costs to sell to an outside party would exceed the value. We don't know how to determine current value. Would appreciate any thoughts or suggestions. CP