Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

How does signing a deed for a timeshare release one of anymore resposibility?

Posted on: 03rd Apr, 2009 12:54 pm
My husband and I own a timeshare in orlando, florida. For the last few months we have not been able to make the monthly payments, including the mortgage(due since this past January). The resort has contacted us and told us we could sign a deed that (allegedly) releases us from all responsibility from all of it. Why would they want to do that? Is this absolutely true? I am extremely sceptical. Can you help me?
hi romanklan,

signing a quitclaim deed will only help you in transferring the ownership of the property to the resort authorities. they will have to assume the mortgage or refinance it in order to release you from the mortgage liabilities.
Posted on: 04th Apr, 2009 10:09 pm
Page loaded in 0.102 seconds.