[WSBARP] Time Share - Petersons at Lake Chelan

[michael westseattleattorney.com]

Hi, Thanks for the Reply. I am forwarding this to him. Mike

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________________________________
From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> on behalf of Nick Pleasants <npleasants at ohswlaw.com>
Sent: Wednesday, May 3, 2023 12:23 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Time Share - Petersons at Lake Chelan


Mike,

I’ve gotten a few clients out of timeshares by asking the Board for their redemption policy. Usually they want you to prepay next year’s dues, bring the account current if any past due assessments, and then deed it back or sign it back to the Board.

If it was a larger timeshare (e.g. WorldMark, Marriott, Hilton, etc.), I would recommend hiring a broker to sell it for Fair Market Value. But a small timeshare like Peterson’s probably has little marketability. Perhaps they could find another owner at Peterson’s that wants to add a week and buy it off them.

Side note, I had a nice stay at Petersons, we did a timeshare swap a few years back, enjoyed the fireplace and BBQ grill on the balcony, easy walk to town… but alas, we already have more timeshare days than we usually use.

Best,

Nick



Nicholas Pleasants | Shareholder



[OseranHahnAttyatLaw 8]



11225 SE 6th Street | Suite 100 | Bellevue, WA 98004
Main: (425) 455-3900 | Fax: (425) 455-9201 | E-mail: npleasants at ohswlaw.com<mailto:npleasants at ohswlaw.com>



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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of michael westseattleattorney.com
Sent: Tuesday, May 2, 2023 11:01 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Time Share - Petersons at Lake Chelan



Hi,

A friend is looking to dump his timeshare. Does anyone have experience with these?

Thanks,

Mike Atkins



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