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Need help!!! Hilton Timeshare in Hawaii

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Anonymous
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Need help!!! Hilton Timeshare in Hawaii

Hi everyone,

 

Has anyone had any luck getting rid of a timeshare?

 

I'm currently in talks with a lawyer who wants to charge $2300 to get rid of it.  I've read the contract and i see that Hilton might try to negotiate a fee to get out of it? So this fee would be on top of the $2300 lawyer fee I'm assuming?

 

Should i try to call Hilton directly and see what they can do?

 

I'm not signing the contract until i know my best way out of this.  Any advise will be greatly appreciated!!

Message 1 of 5
4 REPLIES 4
Kree
Established Contributor

Re: Need help!!! Hilton Timeshare in Hawaii

I don't think you need a lawyer. I think you need a realtor.

 

Call Hilton, depending on the specifics of your timeshare, they might buy it back with no penalty.   Usually value goes up over time, so they can offer less than you paid, and resell for more than you paid, so there is a hefty profit.

 

Or if you have a realtor, and the terms allow for it, you could sell it yourself.  Could get you a higher price than Hilton will offer, but there will be transfer fees, and realtor fees, and things, and takes more time to find a buyer.

Message 2 of 5
Anonymous
Not applicable

Re: Need help!!! Hilton Timeshare in Hawaii

Thanks!!

I did call Hilton when I posted this and was transfered to the title department. What I will try to do is do a “deed back” which like you said, they’ll buy back.
Message 3 of 5
Anonymous
Not applicable

Re: Need help!!! Hilton Timeshare in Hawaii

Is this going to affect your credit?  I think of “deed in lieu of” when you say deed back.”  Doesn’t a “deed in lieu of” have to be disclosed on a mortgage app?  Or, are these totally different things?

Message 4 of 5
Anonymous
Not applicable

Re: Need help!!! Hilton Timeshare in Hawaii

From what i read, they're different. Im not sure how that one works.
Message 5 of 5
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