Paying to get rid of timeshare

name and of address, and phone of successful company that took over your time share.

debrap111 wrote:

My sister and I iherited a timeshare from our father. We paid it off for $12,000. Maintenance fees kept going up and we could never seem to stay at our own place. This year, fees were going up again and we were told an accessment fee was going to be in place. We paid a company $2,400 to take the timeshare. We are now free of the timeshare. Can this be used as an investment loss on your taxes$

There isn't any....it's a Scam !!

what company did you use? My sister and I are in the same situation and want these timeshares gone.

Susan.. it's a scam. NEVER pay anyone money upfront to sell or get rid of your timeshare. They will take your money and the claim there is another " fee " that has to be paid or they will simply disappear with your money.

First contact your home resort and ask if they will take your timeshare back through a " deed back ". You should be persistant and explain to them that you are going to get rid of it with or without their help and it could cost them a lot more money if you go through other channels. They might realize it's in their best interest to work with you. just make sure you talk to someone who is in authority to understand it. I got rid of two timeshares that way.

If that doesn't work try listing it on Redweek and/or other sites for $ 1.00 and offer to pay all closing costs and/or the next years maintenance fees. It will probably end up cheaper than what the scam companies claim they will do it for and you will know that it will go through.

These phony charities and exit companies prey on people who want out of their timeshares, Once they have your money you will spend many sleepless nights worrying that you just got ripped off and you will be right.

They hide behind the internet and mail drop boxes. If they disappear with your money there is no way to find them. They close up their website and mail drop and open a new one when people catch on.

Do your homework and be persistant. It worked for me. Don't hesitate to ask questions in here. We are here to help each other avoid scams. Good luck.

HELP! I need to know who will take my timeshare since it is wrecking my credit since I cannot pay the maintenance fee.

Call your home resort where you own the timeshare and explain to them that you can no longer afford to pay your maintenance fees and that you are going to get rid of your timeshare. Make sure you get someone who handles these problems. If they accept it you have to be current in all fees and assessments. They may also require you to pay the next year or two maintence fees but it's worth it to finally be rid of your obligation.

If that doesn't work then list it on redweek and other sites for one dollar and offer to pay all closing costs. You have to put in the effort and hopefully you will get rid of your burden.

You should always call the County Recorder's Office of whatever county your timeshare is located in to confirm if your name has actually been taken off of the deed. Some states/counties have easy to navigate online databases, but sometimes you're better off calling in to speak with a real person.

Timeshares located out of the country though are a different story.

jayjay wrote:

debrap111 wrote:

My sister and I iherited a timeshare from our father. We paid it off for $12,000. Maintenance fees kept going up and we could never seem to stay at our own place. This year, fees were going up again and we were told an accessment fee was going to be in place. We paid a company $2,400 to take the timeshare. We are now free of the timeshare. Can this be used as an investment loss on your taxes$

Did you get legitimate verification that the timeshare is actually out of your name?

You Can Donate your timeshare to Refugee Children's Relief, Inc. NO up front Payment. Your Net Cost After Taxes will be ZERO Verifiable, Quick

If they ask for one penny run away as fast as you can. NEVER pay anyone money upfront or any kind of " fee " to take your timeshare. If they ask for any kind of " fee " it's a SCAM !!!!! If you notice he claims no " net cost " . That makes me very suspicious. If they claim that you can deduct a huge amount off your income taxes it's a SCAM !!! The IRS is wise to these scams. You cannot claim a large deduction for something they can verify sells for $ 1.00 on ebay.

ronm142 wrote:

You Can Donate your timeshare to Refugee Children's Relief, Inc. NO up front Payment. Your Net Cost After Taxes will be ZERO Verifiable, Quick

So, let me get this straight .... RCR Inc supposedly takes someone's timeshare free and clear and charges no upfront fee? First of all no resort is going to transfer any ownership to RCR Inc, because they know that this scam operation is never going to pay maintenance fees letting the timeshare eventually go into foreclosure. Resorts are catching on to these scam 'Viking Ship' operations.

ronm142 wrote:

NO up front Payment.

Who pays the transfer fees?

We own Bluegreen & to sell, we would have to go thru the Bluegreen mgmt, pay a small fee (arnd $300.). Unfortunately, ours are points.

If it does not say in your contract that it is in Perpetuity, (forever) or say's this must be handed down to your children, or a relative, then you could as far as I would think, just hand it back to them, and stop paying your maintenance fees.

They might threaten you with court action, but if you stand your ground, they might back off.

Get in touch with your local/national papers, and whoever represents you in the government, companies do not like bad press.

The other way you could do it is by going with a group of like minded owners from the same timeshare who wish to hand theirs back also.

Put together a fund to cover lawyer fees, then he will look at all the issues, miss selling, sky high fees, Perpetuity, etc,etc.

Read through everything you received from them when you bought your week/s, Deed Of Trust, Constitution, etc.

See if they have broken any agreement, written in any of the above, if so you could sue them for " Breach Of Contract "

I live in Scotland, so Courts Of Law in U.S. might be different there from here.

Hopefully you will win.

Regards.

John.

marketeer wrote:

If it does not say in your contract that it is in Perpetuity, (forever) or say's this must be handed down to your children, or a relative, then you could as far as I would think, just hand it back to them, and stop paying your maintenance fees.

They might threaten you with court action, but if you stand your ground, they might back off.

Get in touch with your local/national papers, and whoever represents you in the government, companies do not like bad press.

The other way you could do it is by going with a group of like minded owners from the same timeshare who wish to hand theirs back also.

Put together a fund to cover lawyer fees, then he will look at all the issues, miss selling, sky high fees, Perpetuity, etc,etc.

Read through everything you received from them when you bought your week/s, Deed Of Trust, Constitution, etc.

See if they have broken any agreement, written in any of the above, if so you could sue them for " Breach Of Contract "

I live in Scotland, so Courts Of Law in U.S. might be different there from here.

Hopefully you will win.

Regards.

John.

Any contract you sign is forever or until it's transferred to a new buyer. You can't just give it back to the resort unless the resort will take it back = most won't as they depend on maintenance fees to stay open. The best thing to do is never attend a presentation or update meeting in the first place as timeshare salespeople are very good at what they do .... riding you around in a golf cart and showing all the amenities, luxury, condos and beauty of the resort.

Like anything else, educate yourself as much as possible. Make sure you know who you're dealing with, become aware of the various scams (there are always new, more creative ones popping up), and find other ways to get rid of your timeshare without paying up front money.

As everyone else says here, you should never have to pay to get rid of your timeshare. If anyone here at Redweek owns a timeshare in Spain, the Spanish Supreme Court has now said that Perpetuity is now illegal. The only problem is it is only for those who bought after January 1999, a company in Gran Canaria which took a deposit from people in the first 10-14 days and then the rest of the cost of the timeshare from them within the same 10-14 days, have been made to pay Double the deposit back and the rest of the monies paid, plus all maintenances fees back, and also with interest.

http://thecanarynews.com/ground-breaking-supreme-court-ruling-on-timeshare/