Original Message:
My timeshare resort is demanding an additional £215 per week owned to contribute to their serious financial position (by R P.):
margarets242 wrote:Thank you for taking the time to reply, really it is not about affording the extra amount but the annoyance of being totally hand tied as to what these companies can do to you. Had we seen a fantastic upgrade or similar then absolutely that would make it worthwhile but when a resort is letting itself slip into what I would say is approx 3 star standard and has had a good deal of cash and goodwill from it's members both in the initial thousands paid up front for the weeks bought in addition to £600+ maintainance which we pay each year for our 2 weeks ownership it doesn't seem right or fair to ask for additional money when they have also indicated massive reductions in the services we can expect from them over the coming years. I'm sure we will pay up and I guess this is what they know most people will do rather than lose everything they have invested their money in. Once again thanks for replying Kind Regards Margaret
After purchasing a timeshare you are then beholden to the developer or HOA and they can do pretty much what they please to get extra money ..... rising maintenance fees and special assessments have always been two of the negatives of timeshare ownership .... now it's owner's bailing out. I honestly don't see how many resorts are making it in this worldwide economy.