Will Deed in lieu of Forclosure (deedback) affect credit if TS is paid off?

I have searched the forums and could not find a specific answer to this question.

I made the mistake of allowing a relative to put a timeshare in my name for the past 5 years. As it turns out they didn't pay the MF for about 4 years and I am now working on cleaning this up. I am lucky to have a Deed in Lieu of Foreclosure offer for my TS. It is paid off (no mortgage), but the outstanding MF still exists.

If I move forward with this would it show on my credit as a Deed in Lieu of Foreclosure? I have seen mixed reviews as to whether they would report it or not, especially since there is no mortgage, but I'm worried it might show for the outstanding MF. They have not actually demanded payment of the back MF, and I am thinking if they were going to report anything it would have already been done.

I have read that I should demand a statement from them that they will not report anything, but I am really not wanting to rock the boat on this and don't feel like I am in a position to make demands - especially if they were not going to report it in the first place.

Does anybody have experience with this? I have done a lot to repair my credit and I am worried that this will ruin it for 10 years. If they are likely to report it then I will deed the property back to my relative. On the other hand I don't really want to make this any more complicated than I have to. If it is unlikely that they will report it then I will just move forward.

If they're not asking for the unpaid maintenance fees then I would proceed, however, I would ask that to be in writing just to make sure. You don't have to DEMAND it, just ask kindly.

BTW, you're lucky that they're offering to take your deed back .... most resorts don't take deed backs.