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Re: TRYING TO GET OUT OF MEXICO TIMESHARE (by Scott F.):

Update....I posted quite some time ago regarding our timeshare at the Westin Lagunamar in Cancun. We had an oceanside 2 bdr lockoff that we purchased like 8 years ago. It got to the point that it was just to much to pay and couldn't afford it anymore, the maintenance fee at almost $1,600 yearly was getting to be to much and we weren't able to use it as much as we'd like.

I put it on the market with Redweek and it finally sold for a fraction of what we actually paid for it. The closing took around 90 to 120 days but right before it sold we decided that we couldn't pay anymore on it. So during the process of Redweek and the title company doing their thing to get everything finalized we received several collections calls from the resort asking for payment. Of course I never answered or returned the calls and was never concerned about them ever reporting on my credit report.

They never reported anything to any credit agency during this time. It also got me to thinking that in all the years that I had been paying on this timeshare in good faith, I had never seen anything positive on my credit report either regarding on-time payments on this property......hmmmmmm!

This timeshare was a very expensive lesson for me to learn. The young lady who purchased our timeshare did so for 10% of what we paid for it.....smart consumer. Bottom line I would never purchase another one and get myself into another situation like that again, biggest mistake I've ever made besides marrying my first wife.

This is just my two cents on this subject, you may not get what you want for your timeshare but Redweek can certainly sell it for you and get you out of it if you have the patience and can follow their suggestions on a sale price.