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Reply to "I don’t want to inherit this timeshare"
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[quote=Anonymous]I wasn’t sure where to post this so if this isn’t the place, I apologize. My mother, almost 70 and not in the best health, told us that she recently bought a weeklong timeshare, and we (myself and DH) inherit it when she dies. I don’t want any part of it. The annual dues are about $1400 a year. I’m not sure what other cost is involved, taxes? But we aren’t interested in it, and not even interested in fooling with selling it. When my mom passes, I just want it gone. I’m assuming if we do nothing it’ll affect our credit somehow. Will it go into foreclosure? Can I give it away for free? I’m not even interested in recouping money, it was only like $25k to begin with. It’ll just be a monkey on my back with a $1400 annual ticking time bomb that I don’t want. Any advice?[/quote]
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