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If you get stuck, Ramsey advises looking into any right-to-cancel laws that may apply and considering a timeshare exit company if you can’t sell the timeshare yourself. 4. Credit Cards
Ramsey was born in Antioch, Tennessee, to successful real estate agents and developers. [2] He attended Antioch High School where he played ice hockey. [citation needed] At age 18, Ramsey took the real estate exam [2] and began selling property, working through college at the University of Tennessee, Knoxville, [2] where he earned a Bachelor of Science degree in finance and real estate.
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However, most charities are unable to take on deeded ownership of a timeshare, so they opt to sell the timeshare. If a charity sells the timeshare and keeps the proceeds as a donation, the donor is then entitled to a tax deduction. [4] Timeshare properties worth more than $5,000 need a written appraisal in conformity with IRS standards ...
Learn Dave Ramsey's practical advice to people to get out of tough money situations, whether it's a divorce, car break down, or even a natural disaster.
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