Will Obama help people get out of their timeshares?

Can you answer Brace 4 Impact’s question about Timeshares?:

People who bought timeshares that they can not sell, are stuck with them for life. And worse the annual fees pass to your children after you die. I would think one could make a case that Timeshares are a form of Indentured Servitude.
Be sinister with your intentions and that will catch up with you too.

LET ME GUESS… You are the one guy who predicted this Economy. You’ll get yours too buddy. It’s just a matter of time!

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Comments

4 Responses to “Will Obama help people get out of their timeshares?”

  1. odzookers on July 17th, 2009 3:34 pm

    Timeshares Feedback: Yeah, and they signed the papers, too. Actually, there’s no servitude involved. It’s over-reachers who thought the good times would last forever and they could afford the shares and avoid researching what they involve. Too bad, man. Be dumb with money and it catches you from behind.

  2. EssieLou on July 20th, 2009 6:31 pm

    Timeshares Feedback: New term for the day-
    Financial responsibility.

    It’s a time share! Not a kidney.

  3. m1a1mikegolf on July 23rd, 2009 3:06 pm

    Timeshares Feedback: Why should the taxpayers subsidize some-body’s poor financial decisions? These people can sell those timeshares - just not for as much money as they want.

    BTW - the annual fees do not pass on to your children unless they accept the timeshare agreement when title to the timeshare passes to them. All they have to do is have the timeshare liquidated as part of the estate and it will be sold for market value and the proceeds distributed to the heirs.

  4. Kiki on July 25th, 2009 2:40 am

    Timeshares Feedback: I think this problem about getting tied from timeshares will end if the government will help and support establishing trustworthy company that sells timeshares. A company that help owners to sell the unwanted shared property. Which can help problematic owners to be free from maintenance payments. I heard of a professionals that devoted on this field.

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