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Maine fails disclosure test

Maine Sunday Telegram - The only two items listed on his form indicate he makes more than ,000 from renting out a Hilton Grand Timeshare and on interest income from the Congressional Federal Credit Union. Rush said though some of the categories in the center survey ask ...

Source: http://search.msn.com:80/news/results.aspx?q=timeshare

People interested in purchasing a timeshare are strongly advised to look online at the secondary market listings for the development they are interested in.

Developers put a very large mark-up on new inventory and a new owner will find the resale value of their timeshare to be half or less of what they purchased it for. In the very worst of cases, timeshare resales are virtually impossible and users are stuck paying fees indefinitely.

This is what is commonly known as the "timeshare trap". Sometimes, when it happens, owners can talk to the resort and the resort may be willing to take it back if there is no loan attached to it and the maintenance fee has been paid. Sometimes, there are various charity groups that are willing to accept a timeshare if no loan is attached and the maintenance fee is current.