Getting rid of Timeshare

[Umesh Chokshi]

Hello Bigger Pocket Members,

My name is Umesh and I am a real estate investor in NC.

My wife and I own a Marriott timeshare in Las Vegas. We bought this about 13 years ago. We are trying to sell it but not getting even 25% of our original price paid. We keep getting yearly maintenance charges of $1400 per year.

We are willing to let it go and do not want to pay any maintenance charges anymore.

My question is if we do not pay Maintenance charges, would Marriott create Lien and eventually take the ownership of the property by writing it off?

Will our this step create any damage to our other properties and our credit history?

We are open for any alternative suggestions but we want to get rid of the bleeding Marriott property.

Thanks

Umesh Chokshi