Frequently Asked Questions
- Do I have to pay my maintenance fees for next year?
- All donors are responsible for keeping their account current throughout the donation process. If the process is completed and the usage is still available you will be reimbursed all or part of the fees for that use year.
- What Timeshare can be donated?
- Just about any timeshare anywhere can be donated.
- What are my duties during the donation process?
- You will need to fill out the on-line submission form, sign a consent form, sign the new deed once we send it to you and pay all fees associated with this ownership until it is transferred out of your name.
- How do I get my charitable tax deduction?
- As soon as we transfer the ownership of your timeshare we will send you a receipt for your donation.
- How much will my Donation Receipt be for?
- It is up to you to determine the fair market value of your donation. We will send you a receipt which describes the donated property and you write in the value. You are always welcome to visit the Resort Closings Website and click on closing status link and see how much your property sold for.
- What are the costs for me to donate my timeshare?
- Typically nothing. If we have to request a deed from the county (due to a lost deed) there is a $25 charge. Also, if we have to draft an Affidavit of Death (if the deeded owner has passed away) there is a $75 charge plus recording fees.
- How long will this process take?
- The closing process takes approximately 120 days not including the time it takes the county to record the new deed.
- How does the process work?
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You will need to fill out the online submission form by clicking on "Donate Now".
Once we receive your information, our broker will review your property and determine whether or not we can proceed with your timeshare as a donation.We will be in touch with you regarding our decision within 2 to 3 business days.
If we are able to proceed with your timeshare, we will then request the additional documentation to begin the verification of your ownership with your resort. The verification process takes approximately 2 to 3 weeks.
After your property has been liquidated, title transfer will occur and your donation will be processed. You will then be reimbursed for any money owed to you along with a tax donation receipt and a copy of the IRS 8282 tax form.
The closing process takes approximately 120 days not including the time it takes the county to record the new deed.
- How can I contact someone to discuss my donation?
- Contact Information.
- Why was my donation rejected?
- All properties offered for donation will undergo a four week market analysis whereby the value of the property will be estimated. No property will be accepted for donation if the market analysis concludes that the property can not be sold for a profit within a three week period. Donate For A Cause reserves the right to reject any property offered for donation for the above stated or any other reason it deems appropriate.
- I submitted my donation request, but I still need the Donation Cover Sheet. Can I get it without submitting again?
- Yes. The cover sheet is available here: Donation Cover Sheet
- What is a Right of First Refusal (ROFR)
- The right reserved by some resorts to take the position of a buyer in a contract to purchase one of their timeshares. If the resort elects to purchase the property they must buy it at the same price and conditions as stated in the contract.
- What is Title Insurance?
- A contract by which a private title insurance company agrees to pay the insured a specified amount for any loss caused by defects of title to real estate, wherein the insured has an interest as purchaser, mortgagee, or otherwise. See this page for more information.
