Sell or not pay

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Original Message:

Re: Sell or not pay (by Carvan A.):

Jayjay:

I see you did not accept my challenge to prove me wrong with a written brief from a qualified consumer law attorney. You say my post was full of contraditions and yet you do not point out even one contradition.

Your myopic vision prevents you from understanding the difference between a mortgage on one's home and the maintenance fees on a timeshare. One is a choate lien and the other is not. Your inability to grasp this concept prevents a logical discussion with you.

I have always said that the failure to pay maintenance fees will ultimately lead to a foreclosure and the foreclosure will adversely impact the credit rating. What I have advised is that this negative impact can be avoided with a deed in lieu of a foreclosure.

If the timeshare had any value when it was sold you can bet the resort would take a deed back for $1 and resell the timeshare. Resorts that sell worthless timeshares certainly will initially refuse to take a deed back because they recognize the negative value. Try a deed back for $1 to a Marriott or a Hyatt and see how quickly they jump on it. The industry needs to weed out those parasites that sell worthless timeshares.

My advise to one with a worthless timeshare coupled with an inability to pay the maintenance fee is to work with the resort and negotiate a deed back even if you have to pay the resort to take it back as James (see post above on this topic) did.

Your advice on the other hand is that if stuck with a worthless timeshare just continue to pay the maintenance fees into infinity because those fees are the "bread and butter" of the parasitic resort that sold a piece of junk to you in a high pressure environment in the first place.

I sometimes read TUG but I have never posted on that site as I much prefer Redweek's layout and the ease with which one can navigate thorugh it. TUG is amateurish and Redweek is professional.

Jayjay, I must close by saying I am flying today to Aspen for the holidays and do not plan to access Redweek for at least the next two weeks. My failure to respond to your inanities does not mean I am not thinking of you but only that I am busy with my grandchildren.