Donate Timeshare to Charity-FAQs
1. What Timeshares Do You Accept?
2. What Costs Can I Expect to Pay During the Donation Process?
3. What about Unpaid Maintenance Fees and Outstanding Mortgages?
4. What Happens if I Just Stop Paying the Maintenance Fee?
5. How Long Does the Donation Process Typically Take?
6. Who Handles the Transfer of Ownership?
7. Do You Guarantee the Timeshare Will Be Transferred Out of My Name ?
8. What if My Timeshare Donation Is Rejected?
9. What is the Amount That I Can Deduct for Tax Purposes?
10. Will I Receive a Tax Receipt to Support My Donation?
11. What if I Don’t Live in the United States?
12. How Can I Find Out More?
Donate Timeshare to Charity
What Timeshares Do You Accept?
We accept both deeded and right-to-use timeshare donations in all 50 states, Mexico, Canada, The Caribbean Islands and many other parts of the world.
What Costs Can I Expect to Pay During the Donation Process?
The closing and administrative costs associated with a timeshare donation vary by resort and transfer method. If there is a retail market for your timeshare the donor cost is minimal or even zero.
What about Unpaid Maintenance Fees and Outstanding Mortgages?
Donors are responsible for paying off any outstanding mortgages and past due maintenance fees and special assessments, and keeping these current throughout the donation process.
What Happens if I Just Stop Paying the Maintenance Fee?
The legal and financial consequences of walking away from a timeshare are no different than defaulting on any other financial obligation. The resort will turn your account over to a collection agency and will report your lack of payment to the three credit bureaus.
How Long Does the Donation Process Typically Take?
The transfer process typically takes 60 to 90 days but varies depending on resort and county responsiveness for domestic transfers, and any special requirements for international transfers.
Who Handles the Transfer of Ownership?
We use only experienced third party title and closing companies that specialize in timeshare transfers and attorneys experienced with timeshare closings in those locations where an attorney is required.
Do You Guarantee the Timeshare Will Be Transferred Out of My Name?
Yes. We will only accept a Timeshare Donation on a direct deed transfer basis if we can guarantee that we will transfer it out of your name.
What if My Timeshare Donation Is Rejected?
Most timeshares do not have a retail market to speak of in this economy. However, we can generally accept a donation of these same timeshares on a direct deed transfer basis provided we know we can transfer it out of your name. If for some unusual reason we are unable to complete the transfer, unless otherwise agreed in writing, we will simply refund any paid-in fees and discontinue the transfer process.
What is the Amount That I Can Deduct for Tax Purposes?
As with other non-cash donations the IRS allows you to deduct up to $5,000 for a timeshare donation without needing an independent appraisal. For deductions exceeding $5,000 the taxpayer must provide a certified appraisal. Our broker is licensed to appraise timeshares or you can use a valuation web site such as TRI-WEST Real Estate.
Will I Receive a Tax Receipt to Support My Donation?
Yes. Upon completion of the transfer we send you a tax receipt for any fees and a letter of support for the timeshare donation itself. Your tax adviser will know how these are use, or you can review the IRS web site directly at here.
What if I Don’t Live in the United States?
We receive many donations from Canadian and overseas donors who are pleased to be rid of their unwanted timeshares even without the tax benefit. If you are interested in receiving a tax benefit in your home country, please consult with your local tax advisor.