what is WDIL when is refer to time share

I'm not sure, but it sounds like they are are offering to take a deed in lieu of forclosure. This in lay-terms is your giving the deed to the owner of a lien on the property to hopefully avoid debt or continuing liability with respect to the property. This can be good or bad for you depending on the status of the property (you usually must pay documentary stamp taxes). Also, you probably want to get release and waiver of debt or right to seek a deficiency judgment. You should seek counsel before acting.