Saturday, January 12, 2008

Resale woes leave Orlando-area time-share owners in limbo

The Orlando Sentinel writes:

Pete and Sharon Bissinger loved the Kissimmee time-share apartment they had owned for 15 years, often offering it to relatives on visits to Central Florida or trading their annual week with other time-share owners for vacations in other parts of the country.

But love turned to loathing several years ago when they decided to sell the unit.

"We found that it was nearly impossible to find a buyer," said Peter Bissinger, a retiree who lives in DeLand. "People wanted $395 and more just to list the time share on the Internet. And when we paid, we never heard from anybody again."

Pete and Sharon Bissinger loved the Kissimmee time-share apartment they had owned for 15 years, often offering it to relatives on visits to Central Florida or trading their annual week with other time-share owners for vacations in other parts of the country.

But love turned to loathing several years ago when they decided to sell the unit.

"We found that it was nearly impossible to find a buyer," said Peter Bissinger, a retiree who lives in DeLand. "People wanted $395 and more just to list the time share on the Internet. And when we paid, we never heard from anybody again."

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