A can't-win timeshare deal
Question: Jamie's husband grandmother wants to give them her timeshare. Dave lists all the ways ... ALL the ways ... why you can't give the things away.
Dave Ramsey's advice: She's sweet, but she's wrong. Give it to someone else, because it has absolutely no value. There is no market for timeshares. Guess what comes with the timeshare? The annual maintenance fee! So she's giving you a bill. If the bill is $250, all the timeshare organization has to do is raise the fee to $1,000, then where are you? Tell her to give it to someone else.
My parents spent $88,000 over 19 years to get VIP Platinum membership in Fairfield Resorts. They and their 4 daughters have enjoyed these timeshare vacations. However, my mother passed away 3 years ago. I'm trying to learn how to manage all these timeshares. Dad is payig $8000 a year in maintenance fees and these go up every year. Dad is 78 years old. As much as we enjoy these timeshares. None of us have the finances to pay this kind of money each year for the maintenance fees. What will we do when Dad passes away? What should we do? what do we do now? any advice?
bid with NO RESERVE! In the body, mention
write to me and it is free, just take over
Maintenance fees of $8000 per year. Or do the same
but divide it into smaller point packages!
Thank you for your help,
Kathy
I owe about 4,000 and cant sell it to save
my life. Timeshare selling agencies will
advertise it for 600/800 dollars without
results. So, how do I get rid of this mistake?