Timeshare Help

[Ducksquasher]

Hey All!

My in-laws have had a timeshare that they have had for going on 30+ years. It has mostly served them well for the most part and while they have gotten their use out of it...the last 5 years has been a grind, they have switched it up (at the advice of their current company when I wasn't around) with a goal of getting out it. They effectively got screwed and now it is more expensive and what seems like an even worse situation? They don't even care about selling it...they just want to leave it and be done but they can't. I am sure that someone on RDP has gotten out of one or knows someone who has...I need some advice, please.

You hear about all of these companies on the radio...they spoke to Wesley Financial Group and have another meeting to go into it all. Are those places viable and worth it? Are there better avenues? I know that all of these places say that it is a money back guarantee but I am sure that there is some sort of "clause" in there somewhere?

Advice, thoughts, guidance is all appreciated.

Thank you in advance!

 

[Kachina26]

Hey All!

My in-laws have had a timeshare that they have had for going on 30+ years. It has mostly served them well for the most part and while they have gotten their use out of it...the last 5 years has been a grind, they have switched it up (at the advice of their current company when I wasn't around) with a goal of getting out it. They effectively got screwed and now it is more expensive and what seems like an even worse situation? They don't even care about selling it...they just want to leave it and be done but they can't. I am sure that someone on RDP has gotten out of one or knows someone who has...I need some advice, please.

You hear about all of these companies on the radio...they spoke to Wesley Financial Group and have another meeting to go into it all. Are those places viable and worth it? Are there better avenues? I know that all of these places say that it is a money back guarantee but I am sure that there is some sort of "clause" in there somewhere?

Advice, thoughts, guidance is all appreciated.

Thank you in advance!

I was able to simply deed the timeshare back to the company for a transfer fee. Way less than the thousands those companies charge. Cost me $150 or so.

 

[lakemadness]

I was going to say Wesley Financial. I hear that mother fuckers scratchy voice on the radio wayyyyy too much lol.

 

[Ducksquasher]

I was able to simply deed the timeshare back to the company for a transfer fee. Way less than the thousands those companies charge. Cost me $150 or so.

For some reason this wasn't an option for them...but I also wasn't on the call to hear why? I will be this time...and I am going to ask them where it is in the contract that this couldn't happen? I know that they do not want this happening as it is less in maintenance fees each month?

Those places on the radio are thousands...like tens of thousands?

 

[Kachina26]

For some reason this wasn't an option for them...but I also wasn't on the call to hear why? I will be this time...and I am going to ask them where it is in the contract that this couldn't happen? I know that they do not want this happening as it is less in maintenance fees each month?

Those places on the radio are thousands...like tens of thousands?

I was quoted about $3k maybe 8 years ago. I laughed at them. My fees were more of a nuisance than a burden. I simply didn’t use it any more. RCI was the company.

 

[Kachina26]

Here’s a good thread on it.

Timeshare Question: On behalf of my Granny.

So, my old -n- feeble parents control the finances of my older -n- feebler Granny. I heard them talking about one of those "timeshare" type of gigs that my Granny has and no longer uses because she's too damn old. My Granny wants out of it, but my parents don't know how to go about it, or if...

www.riverdavesplace.com

 

[Ducksquasher]

Here’s a good thread on it.

Timeshare Question: On behalf of my Granny.

So, my old -n- feeble parents control the finances of my older -n- feebler Granny. I heard them talking about one of those "timeshare" type of gigs that my Granny has and no longer uses because she's too damn old. My Granny wants out of it, but my parents don't know how to go about it, or if...

www.riverdavesplace.com

Thanks!

 

[Kachina26]

Thanks!

Keep us updated.

 

[Captain Dan]

What are the details of the timeshare? Location? Deeded? Annual Fee amount. Post it up, if they want to give it away, maybe someone in this group would take it over.

 

[Gonefishin5555]

https://tug2.net/ or specifically this https://tug2.net/timeshare_advice/timeshare_abandonment.html

They have a classified section where you can give away your timeshare.

 

[C-Ya]

What are the details of the timeshare? Location? Deeded? Annual Fee amount. Post it up, if they want to give it away, maybe someone in this group would take it over.

A FREE timeshare is more expensive than a FREE boat.

You own a timeshare in “Perpetuity”. It’s why they eventually turn into a nightmare.

 

[boatpi]

Some are worth good $, we have Marriott, spots are great and now include Sheraton.

 

[Captain Dan]

A FREE timeshare is more expensive than a FREE boat.

You own a timeshare in “Perpetuity”. It’s why they eventually turn into a nightmare.

Not always. I bought a cheap timeshare at the London Bridge Resort on ebay over 20 years ago. I use it every year, and don't regret the purchase. I also don't trade it so I avoid all of those ridiculous fees. Depends on the home resort / location and cost, and whether you'll actually use it.

 

[cxr]

Most of the companies trying to discharge tomeshares are a scan I think even Dave Ramsey got in trouble elegantly because a company he was recommending was ripping people off. I the developer won’t take back you have very few options. You didn’t provide specious so we don’t know how desirable the report or week would be. Bit you can

1. Cont pay maintenance fees I til
Perpetuity
2. Stop Paying maintenance fees and default. Take the credit hit some but not many timeshares try to collect
3. Try to sell for free or. Craigslist , eBay , tug2. Maybe offer to pay first years maintenance fee
4. If desirable week try to rent on Craigslist ,eBay, tug2
5. Donate. I have heard of some people
Opening LLc. Donate to LLC. And then we’ll ….. lol
6. Donte to charity organizations but I don’t think many accept anymore

 

[Gonefishin5555]

How about this for creativity. Dummy up a death certificate and fax/email it to them and tell them the owner died.

 

[C_J_J_C]

My parents had one and as far as I know there are only three ways out.
1) Find a sucker and give it away
2) Death
3) A "Financial Burden Letter."

We did a combo. One parent died and the other couldn't use it so it was a financial burden without benifit. The combo of death and inability to use because of my parents medical/age they took it back.

Can't hurt to try a financial burden email. Google has numerous examples... use financial burden, inability to travel for health, can't sell or give it away, and you simply want to surrender it.

Make them write back they will accept it deeded back or they don't care it is hurting you. Guilt them into taking it back.

 

[RVRKID]

Weird how I got this spam email just now and I didn't look up anything and the email address has nothing to do with this site:

TIMESHARE EXIT STRATEGIES

www.timeshare-exit-strategies.com

 

[TPC]

Disney/DVC Timeshares sales opened up with "Disney priced them wrong and way under value, it's steal until Disney wakes up and corrects it."
That was a lie and on the strength of that, buyers had outs.
The entire industry defaulted to that sales scam.

If the buyer was lied to, it's an out is what I hear.