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Re: I am a former TIMESHARE EMPLOYEE IN MEXICO (by Margaret K.):
Hello. We own a timeshare in Cancun, MX as well. This is paid in full and maintenance fees paid up-to-date. We bought this in 2005 and it will end in 2036. It is a one bedroom, floating week, annually. I believe it is deeded? It is not a chain. NYX Cancun is the name of the resort. The original company sold it, and it is now under new ownership. We received a letter indicating that we were lucky that they will honor our contract, although many things were not honored, which were a part of the original contract. We were told nothing we could do about that.
We have used the timeshare quite a bit, but now it is becoming very difficult to travel due to my spouse's disability.
I know it is very difficult to get rid of a timeshare! I had contacted ResortCom, who handles the timeshare, and asked if they have a buy back program and was told no they do not.
After reading several postings it sure seems like I won't even be able to give it away to anyone!
What would happen if I don't pay the next upcoming maintenance fee, which will be due in February 2020? I am uncertain of the repercussions on this.
Many thanks for any information.