What to do about a timeshare abandonment?
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What to do about a timeshare abandonment?
I have a timeshare that is purchased with 2 friends more than 15 years ago. They abandoned the share and only paid for a year. I am unable to locate them in order for them to sign it over to me or pay me what is owed. How can I go about removing their names?
Asked on July 25, 2012 under Real Estate Law, Texas
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You can not remove their names with out their consent or court order. You need to take the documentation to an attorney to review and see if it is possible for you to file an action for partition which requests that the court split the property equally or order it sold. I know you do not want it sold but you could ask for set off for the fees for the last 14 years and see if they will grant a judgement which would allow you then to attach their portion of the property and then "foreclose." Either may get you what you want. Good luck.
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