My parents own a Time Share They have both Died. No one in my family wants it . It is way over due on fees. Can I just forget about it and let the company repo it? Can they come after me for my parents fees? They have called me and offered to let me transfer it back to them but first they say I need to transfer it into my name. I don't want it in my name or on my credit. What happens if I just forget about it.

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Originally Posted by sandeeskibug

What happens if I just forget about it.

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Hello s:

Absolutely nothing. Oh, they could have come after the parents estate, but apparently, they know that's a dead end. So, they're going to get their time share back.

excon

Do NOT transfer it to you. You need to check the time share agreement. If this is a deeded property then it became part of their estate. If it was a contract purchase, the contract probably became void on their deaths.

The time share agreement should specify what actions they can take in case of default.

What is the value of the time share? It may be worth your while to sell it, pay them the fees owed and then you and any siblings as heir(s) would be entitled to the rest.

They can subjugate against your parents' estate for whatever fees, etc. are owed. Beyond that there's not much they can do. Since you never owned any part of it it won't impact your credit and you won't be held responsible for anything.