The timeshare industry is not only having troubles with the timeshare owners who are trying to find ways to gain timeshare relief. It is also battling with the ill - effects of the recession causing much of the decrease of its sales and closure of its other sales offices.

Timeshare owners who are seldom using their timeshares are considering getting out of their timeshare contracts. These contracts bind them to a responsibility of paying the maintenance fees as well as other special assessments that their timeshare companies will charge them. And that is regardless if they were able to use the package within the year.

However, this is not the only predicament that the industry is facing. It is also badly hit by the recession causing it to lose much of its sales. Its sales in 2008 decreased by 48 percent while in 2009, it dropped 40 percent. The CEO of American Resort Development Association (ARDA), Howard Nusbaum estimates that the sales of timeshare this year will be flat.

This is caused by the stringent standards and requirements newly implemented by financing companies making it more difficult for timeshare buyers to get independent financing. The industry itself is also struggling to repackage and resell the mortgages they offer.

Timeshare companies can continue with their ways even with the current dilemma but it would be more beneficial for them to adjust with the recession as well as the need of the timeshare owners who are trying to get rid of their timeshares. They may be able gain more if they accommodate the market better.

Some timeshare owners today got their timeshares through Craigslist. The site offers a number of timeshares at very low rates from timeshare owners seeking for timeshare relief making vacation goers absolutely attracted to buy the package at a location they really love to visit.

However, timeshare being a package that allows people to use the same vacation location every year, some owners end up feeling fed up with their vacation destination every year. And so others ended up buying other timeshare units in other locations. But then again, they also end up fed up with the new location and the cycle goes on and on. Some vacation goers then wake up with much timeshares under their name, too much for them to sustain. And so they also discover the need to get out of some of their timeshare contracts. To whom do they turn too?

Again, they end up in Craigslist. But this time, not as buyers but as sellers. They acquire the service of Craigslist to be able to list their timeshares for resale. Reselling timeshares through Craigslist is one of the options of timeshare owners who want to get rid of their timeshares.

With their timeshares in Craigslist, there is a good probability that their timeshares can be sold out to other vacation goers. However, they end up cutting the price of the timeshare to a very low amount just to have the package sold in the timeshare resale market.