Original Message:
Re: Is there an honest Timeshare transfer company....no upfront fees? (by Lance C.):
stephaniem832 wrote:...to this date, about $2500.00 had been paid to them. He also put down $870 at the time. We still owe $7311.73 and I just called and they are willing to take $7,262.30 for a payoff amount....or hire a lawyer due to the fraudulent statements that we were told
Since it's just a vacation club and not deeded property, you can just stop paying anything further and the company will terminate your membership. You will probably face a number of collection calls and letters and a possible ding on your credit rating but those should eventually go away. You will also lose all the money you've put into this so far but putting more into something you are not using does not make financial sense.
I would not recommend hiring a lawyer because of fraudulent statements. You could have a case but the onus would be on you to prove that fraudulent statements were made. It would be your word against the sales person's.