Original Message:
Spinnaker at Waterside Hilton Head charging $1500 to sell or transfer as of Jan 2011 (by R P.):
judyl227 wrote:Currently we are on Hilton Head Island and have met with a Time share relief business that informed us that our Spinnaker Waterside timeshares are basically worth nothing because of this new fee that their management company is imposing upon people who sell. They have not even notified the owners of this and is this legal? How can they just make up an amendum to your legal title for a fee like $1500 to transfer title. We paid $20,000 for a 3 bedroom unit that we could rarely trade for anything of the same value and now after awhile we are tired of the maintenance fees and want out. Southwind Mgt. Company is doing this and how can they impose a fee like that? Does anyone know if this is legal? Thank you for any advice that you may have.
First of all, you need to check with Southwind concerning this transfer fee.
Secondly, you are being told this information by a 'timeshare relief company'. These companies charge $3k+ to supposedly take your timeshare off your hands, however some 'timeshare relief companies' fail to transfer the deed out of your name leaving you still the owner and still responsible for maintenance fees.
You cannot merely stop paying maintenance fees just because your're tired of paying them .... if you do stop the resort will come after you and this could affect your credit rating. The 'timeshare relief company' would think they had died and gone to heaven to get a 3 bedroom Gold Crown timeshare on Hilton Head after you pay them $3+k.
It's surprising to me that a 3 bedroom at the your Gold Crown resort on Hilton Head Island would not get you what you want in a trade.