Original Message:
Sell My Timeshare Now / Not... (by KC):
There will be no "class action lawsuit". SMTN has been around for a long time and they will remain alive and well. What they do is entirely lawful (although nearly useless). They are a "listing service" --- nothing more --- and they don't claim otherwise. The fact that people voluntarily choose to pay them far too much money for a (usually unrealistically priced) "listing" on a somewhat obscure web site is sad and unfortunate, but certainly no basis for legal action with any chance of success.
Unless you signed an exclusive listing agreement (highly unlikely), you can still advertise and try to sell the timeshare entirely on your own. The money that you paid to SMTN is gone and is not coming back. RedWeek is a great site on which to advertise, but your pricing must be competitive and realistic. It may be hard to accept, but whatever amount you previously overpaid to a developer is completely irrelevant. The resale value of any timeshare in the secondary (resale) market simply "is what it is". You can get a rough idea of the range of "asking" prices for your particular timeshare by perusing various timeshare sites (and eBay) for listings comparable to yours. Ignore SMTN listing prices; they are usually absurdly high and very unlikely to ever result in a sale at anywhere near those unrealistic figures.
Please don't shoot the messenger. I'm telling you the straightforward, unvarnished truth, although it may be difficult to hear. Good luck.