How to take over a timeshare

Guest 0.10 Dollars($)

My parents owned a timeshare in Virginia. My father died last year and my mother just died. I am the adminstator of her estate. She did not have a will. Can I do a quit claim deed to get the timeshare into my name? The timeshare is paid for in full.

jheard · Posted: Wed Jun 18, 2008 5:06 pm Post subject:

No. You must have a court order to put the title into your name. You may be able to do an Affidavit of Heirship. Otherwise, you may need to open a probate. Contact a probate attorney.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi missref.

Welcome to the forum.

I have to agree with jheard that you cannot quitclaim the timeshare on your name as you are not the owner of the property. Only an owner can quitclaim. So you should file Affidavit of Heirship in the court.

Best of luck,
Larry

Guest 0.10 Dollars($)

I am tired of making payments on my timeshare. what happens if I quit paying and it goes into foreclosure. What will that do to me?

jameshogg · Posted: Wed Oct 15, 2008 11:57 pm Post subject:

Hi mbpship!

If your property goes into foreclosure, your lender will try to recover the debts by selling your property. If the lender is unable to recover the total debts, he may also place liens on your other properties. The foreclosure will also remain in your credit report.

Thanks.

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