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?
I was able to see their web site I realized that it was not as they had told us. Fourtunately I used my credit card (I pay it off each month) and was able to contest the charges. I believe they only give you 5 days. The card card company agreed with us and did not charge us. After 1 year I got a bill for the maintence fee. I just sent them all my paper work that I sent to the credit card company and I have hever heard from them again.
about $100 each, the yearly fees are under $400
per week, and we use the RCI exchange to upgrade for bigger unit, I find it cost effective, since we will
vacation with friends, and their half of the fees really make it under $40 per day. We get three weeks
to vacation per year for under $1,000. This lets me budget per month for our annual vacations, and it
is a blast to figure out where we are going to go. EBay has plenty of timeshares for sale on the resale
market for very low cost.
as i was looking on your web-site, i saw infor-
mation about time-share. I have one, like so ma
ny people before me, fell for their pitch.
now i'm stuck and i can't see any way of getting
ride of it. i found a company who would help
me to sell or rent it for $800.00 up front.
i do not even have an extra $100.00 per/mo. for
anything let alone this. do you have any other
suggestions please. thanks, Cindy
not want to pay the continual maintenance fees that routinely went up every year. We quit deeded back
to the resort. This was very easy and it got us out of paying the maintenance fees. We obviously did
not sell it for anything but we no longer had to pay for maintenance.
a full week, with all the perks, for $349(up from $269 my first trip in 1998). I have always been very pleased with the units. I am usually able to find at
least a 2 bed 2 bath unit. The catch is that it is on a space-available basis. You can make reservations up to one year in advance and I've always been able
to find a great location. Our family is meeting in Branson for Thanksgiving next year and I couldn't find an available unit. After searching the net for
a reasonable hotel rate, I stumbled upon a sight where owners rent out units at traditional time-share resorts (not restricted to military!). The prices were great and I am getting a very nice, 2 bed condo
for 79 a night. The deals are out there. You can take advantage of the timeshare perks at prices that are lower than the maintenace fees, you just have to dig
a little and be flexible.
My maintenance fee went up to $1000 a year and it was $250 a couple of years ago.
HELP!!! I am ready to give it away.
I pay $1200 yearly for Maintenance Fees. I did call Wyndham directly and asked how much would it cost us to stay a week at their facility. I
sell it for you for $500-$800. They are a
SCAM!!
Explain your plight to the resort Manager and request
that it be bought back from the resort (usually
for nothing but its gone)as quit deed.
If not try selling it cheap on Ebay
TELLIN US THEY LEADS BUT NO BITES. WE TRIED EVERYWAY TO GET OUT OF THE
CONTRACT. FINALLY I HEARD A DAVE GIVE SOMEONE SOME ADVICE ON THEIR MORTAGE. HE
CALLED IT A DEED IN LIEU. YOU GET W/ THE RESORT AND SELL BACK TO THEM AS IS.
ALL THE MONEY WE PUT INTO IT, WE LOST BUT IT GOT THE MONKEY OF OUR BACK. YOU
DON'T SELL BACK FOR MORE OR LESS. IT NOT A FORECLOSURE AND IT DOES NOT HURT
YOUR CREDIT. WE WILL CONTINUE TO VISIT THESE PLACES JUST FOR VACATION
BUT WE NOW KNOW TO SAY NO NO NO. NOT INTERESTED AT THIS TIME. HOPE THIS HELPS
TO ANY WANTING TO GET OUT OF THEIR CONTRACT...
Lieu, did you still owe money on the contract?
we have a timeshare, and still owe 10 grand on it. do you think we might be able to do this?
LEFT TO PAY ON MY CONTRACT. BUT W/ THIS DEED OF
LIEU IT TAKES IT ALL AWAY. LIKE I SAID IT IS
NOT A FORECLOSURE. SO GIVE IT A TRY BECAUSE
THESE CONTRACTS ARE A PAIN. THERE MIGHT BE A
VERY SMALL FEE TO PAY, SIMPLY BECAUSE OF PAPER
WORK INVOLVED. IF ALL GOES WELL, WHAT EVER PAPER
WORK THEY SEND AND YOU SIGN, PLEASE MAKE COPIES
OF EVERYTHING BEFORE SENDING ANYTHING BACK...
Were you current on your payments? Or did they make you play the get behind first game, like the mortgage companies? Also what department
did you contact to get the ball rolling?
Thanks
daughter was 2 yrs. old she is now 19 yrs old
and I am desperately wanting to get rid of it.
I recently received a call from Premier Time-
share solutions who promised me that they had a
buyer but I had to pay an upfront fee $1388.00
for a title search and I am wondering if this
company is legit. I am very suspicious but I
also would like to get rid of this timeshare
because it is financially a drain, not to men-
tion we have not been able to utilize it be-
cause of scheduling as well as financing. I
am currently paying 65/month on maintenance fees
I really want out for my budget sake Please
help!!!!!!
Thank you
Sincerely Molly Dacus aka worried sick AF wife
Thank you
Sincerely Molly Dacus aka worried sick AF wife
I've been reading all the comments on timeshares, adn I am wondering...We gave our timeshare to our son and his wife, but now I am wondering "Did I do them any favors." We have had the timeshare for about 10 years and we have enjoyed it very much, but I sure don't want it to be a burden for them. What is the best way to sell out?
FALLEN BEHIND DUE TO SOME MEDICAL FINANCES I HAD TO TAKE CARE OFF BECAUSE OF
MY DAUGHTER'S HEALTH. I GOT IN TOUCH W/ THE COLLECTIONS DEPARTMENT AND TOLD
I COULD NOT PAY THEM A DIME BECAUSE OF THE SITUATION I WAS IN. WHEN I HEARD
DAVE TALK ABOUT A DEED OF LIEU, I CALLED THEM UP AND ASKED IF THAT WAS AN
OPTION, OTHERWISE A THOUGHT OF FORECLOSURE WOULD HAVE BEEN BROUGHT UP BY
ME. BEING PERSISTENT IN A NICE WAY CAN GO A LONG WAY IN TRYING TO
ACCOMPLISH SOMETHING..
If you don't want it and your parents are just too tired to fight through dumping it, then at least accept it and then dump it for them. Aging parents don't need the grief of maintenance fees that rise every year and those "special" assessments that appear out of the blue and must be paid within 30 days.
a deed of lieu for a timeshare
work and collecting worker's comp (1/2 of his previous paycheck), I contacted Crown Park directly band explained the situation. They allowed
us to deed it back to them, erased any negative information from our credit and hold us harmless for any of the outstanding debt. We of course
asked for a letter detailing all of this information, before we agreed to or signed anything. I realize we "lost" the money we had paid in, but being relieved of the rest of the obligation was wonderful! I would suggest anyone interested in giving the timeshare back, contact their resort
directly and explain their situation.
I'm dealing with a client now that is having a hard time getting rid of her timeshare. It sucks and I feel for her.
I have a question on how to get out of vacation clubs. When my husband and I first got married on our honeymoon we went into a store and my husband signed up for a free hunting trip, and a few months later we received a call stating that we haven't won the trip but we did win a free trip to Wisconsin, so we took it. We get there and they have us go through a 3 hours presentation about vacation so we buy a sample package. Then we go to use our points from that package and no place is open for 3 days so we have to stay in one place for a night and then another for two night. Plus, we were told that we wouldn't be pushed into anything further. Well when we get there they ask us when we want to set up another appointment to talk to someone. We say that we aren't interested and they state that if we don't go to this meeting we are not welcome to stay. Granted we drove to Tennessee from Michigan and took a few days off for this trip so we didn't see the hurt.
Well we sit down with this gentleman and on several occasions tell him we are not interested. We sit there for a little over three hours because he is trying to work his magic. To make a long story short we get coarsed into buying this package. Now we are suffering because they have all of these hidden fees and we have paid but they state that we haven't so we will be brought to collections. I have all of the evidence we have paid but they still say that we have to pay the extra 150 dollars so them sending it to collections. I have had our Attorney general involved but they just lie to him and say that we haven't paid either.
The question is how do i get out of this and never deal with them again.
Sincerely,
Courtney ( The stupid vacation club buyer )