Should a warranty deed in lieu of Foreclosure on a timeshare show up as a collection/chargeoff?

I executed, had notorized, and returned a Warrnaty Deed in Lieu of Foreclosure in agreement with the time share corporation. In a letter I recieved from them, it stated: "Once the duly executed document is recieved by our office, you will be released of all obligation to X Corporation and the mortgage will be satisfied". However, it is still showing as a derogatory collection/chargeoff. I sent a letter to the X Corporation and asked that the derogatory remarks be removed. I received a return letter stating that the derogatory remark will remain. However the letter then went on to state: "If you like to have that change to a positive remark, x Corporation will offer you a Settlement of $1,200.00 to revise any derogatory remark with the Credit Bureau".

Sounds hinky to me.... I sent a dispute to Experian however they indicated this was verified as accurate. Should I send them a copy of the Warranty Deed?

You can send them a copy of the Warranty Deed but it will do you no good.

The corporation that sold you the timeshare has lost the "Maintenance Fees" they charge you every year.

The are NOT about to take the derogatory statement off your credit report unless you pay them 1200.00

They did not advise you of the hazards of getting out of this "Time Share" fiasco.

Why should they?

They are not lawyers and have no incentive to advise you of your rights.

This is why I highly recommend NEVER buying a time share.

You can't get out of it without paying a hefty fee to keep it off your credit report.