ask-redweek-paying-timeshare-maintenance-fees

Does a forclosuer against an owner usually include a settlement to the owner of some part of the original owner cost to buy into the resort?

Give us any examples of a Mexican based resort pursuing collection in the States or Canada. Affirmative defenses would be available...fraud, duress, they showed tequilas down me etc.

What happens if I don't pay the maintenance fee, then I die. Who will be responsible to pay or does it cease at my death? RED1141

Contact your developer or their representative and ask if they have a cancellation policy. Usually they charge a fee and you will lose your initial charge but will not have to pay continuing yearly maintenance fees.

It is virtually impossible to sell timeshares. There is no market for them. We are physically impaired from taking vacations due to our age. Secondly, our income limits our paying maintenance fees. Finally When we pass what happens to the timeshare? Thank you. Looking forward to your answers.

I inherited a timeshare I do not want!! What is my recourse?

The manhattan club is not what if was cut out to be. They get you to buy a room for a week then they raise the common charges until it's so impossible to stay there. You can rent a room somewhere else in the city for a cheaper amout. What understand that there are so many people in this same situation , while this club is underr investigation for fraud. So Why SHOULD We Want To Own IN A Place THAT Has A C Class ACTION Suit !YOU JUST DON'T NO Weather paying the Legal Fees really goes to repairs ., or helps they oay there lawyer. I am so afraid what might happen ,bad enough to loose what you paid for but now to loose the common charges and you can't even get a room, snd they are renting to outsiders.

Hi, we own a timeshare in Florida, which is fully paid and we live outside the US. We have not been able to travel for the last 3 years. The maintenance fee has been paid every year and up to date. We have realised that we will not be able to sell it; many companies have tried to assist us but with a huge fee up front. We have no intention to use our timeshare anymore. My question is if we stop paying the maintenance fee, what are some of the consequences?

WE own both Marriott and Starwood timeshare. They are paid for in full. We are tired of the fees going up every year and we are finding we no longer need them. Selling is not an option resales just don't happen and if they do they are worth nothing. We are thinking of not paying the fees and just let them foreclose. Has anyone out there done that>. What were the ramifications?

This was posted on another Forum on Redweek about Marriott Maintenance Fees:

Hello, I'm am writing this to help other people who were in my situation and I will NOT respond to anyone here. I am only writing this to help others in my situation. I would have added to the other forums about this subject but they were closed. I owned a few weeks at Marriott Summit Watch they were completely paid for & they were Mud weeks but I had used them for years and was happy with my exchanges. Marriott added a points program to their ownership years ago and I started having a hard time exchanging for anything because alot of owners went to that points program and I was still exchanging a week for a week and nothing was available. Inventory dwindled and maintenance fees kept going up every year - they were going up ALOT. I continued this for a few years and when I got my bill last year in Oct 2016 due Jan 2017 I decided not to pay. I had logged in to my Marriott online account and changed my phone # to my fax line just in case they tried to harass me and I just didn't pay my bill. While reading the other forums about this topic a person by the name of "Carvana" gave great advise and I followed that advise. I received a few letters saying I was over due and I ignored them and then this month (May 2017) I received an offer to do a Deed in Lieu of Foreclosure and Marriott will handle all the fees. I was told the lien goes on the property in Salt Lake and not myself so my credit will not be affected. I have checked my credit report twice in the last couple months just to make sure and nothing. As Carvana said .. I did not sign anything saying I would pay maintenance for eternity and this is a "in rem" obligation (maintenance fee) NOT a "personal obligation" (home loan, car loan). Marriott is sending me the paper work to hand my Timeshare back over to them and paying for everything. Again, My timeshares are paid in full and this will not be the case if you have a loan. That is a debt that will need to be paid or if you don't I do believe that will affect your credit as you did sign and receive a loan. I wish everyone the best of luck & don't let the crazy's tell you that not paying will RUIN YOUR LIFE and Thank you again Carvana with the advice - I took your advice and it worked out.

I own a lot in a place named Canadian Lakes in Stanwood, Mi. This lot has associated yearly maintenance fees of over $600 and we no longer travel to Canadian Lakes to use any of their facilities. I have tried to sell this lot and even tried to donate it to no avail. What are my options here. If I walk away from the lot will my credit suffer? Can I deed the lot over to the firm that collects the yearly fees and tell them we are no longer going to pay the maintenance fees. I am retired and on a fixed budget. Ant hel you can give me would be greatly appreciated.

My husband and I purchased and paid our shell time share out. We are and unable to use the property any more. Out health is failing and now unable to maintain these skyrocketing maintenance fee. How can we rid ourselves of this problem.

My question is we have a timeshare that we got from premiere vacations in Las Vegas in 2002 stop paying maintenance fee. It has been 16 years and now got a letter from them saying we owe them 9000.00. We have never used the timeshare and won’t be using it. How do we get out of this.

Here is the latest letter content sent to delinquent Manhattan Club owners. Note that foreclosure will be undertaken if the delinquent members opt not to take advantage of the other options to get relief

Manhattan Club Offer Letter to Delinquent Members

' We believe it is important for the financial health of The Manhattan Club Timeshare Association (the "TSA") to address those Owners who are or have become delinquent in the payment of Timeshare Charges and/or Real Estate Taxes (the "Charges"). We are pleased to now offer options to delinquent Owners who would like to relinquish their Manhattan Club Ownership or return as an Owner in good standing.. OPTION ONE (1) – RELINQUISH OWNERSHIP To execute this choice, an Owner would deed their interval to Bluegreen Vacations Unlimited Inc. ("Bluegreen") with whom the TSA has a relationship. Bluegreen, once it has acquired your interval, would begin making scheduled payments of the Charges to the TSA. If you were to agree to such a deeding, we would provide you with documents (which of course can be reviewed by an attorney, if so desired) for your execution. When we receive the documents back from you (a) we will send you a settlement check for the amount of $100.00 and (b) you will then be relieved of all existing and future financial obligations owed by you to the TSA and former Sponsor under your mortgage, if applicable, preventing a foreclosure lawsuit being filed against you. Moreover, your deeding of your interval to Bluegreen will have no impact on your receipt of restitution payments, if applicable. We are pleased to be able to offer this once again as some Owners have requested it. OPTION TWO (2) RETURN TO OWNER IN GOOD STANDING STATUS Alternatively, option two (2) allows you to remain an Owner at The Manhattan Club. As an Owner in good standing, you will be able to utilize and enjoy the amenities and services offered at the Club. After selecting option two (2), you will then be contacted by a Financial Services Representative to discuss how to return to an Owner in good standing status. NEITHER OPTION In the absence of deeding your property to Bluegreen or paying your delinquent amounts, we have no choice except to resume the process whereby the TSA’s lawyers will commence a foreclosure lawsuit due to your delinquent Charges. We are sure that you have reasons for not keeping up with your financial obligations at The Manhattan Club, and, as fellow Owners, we are distressed that we find ourselves, as Members of the Board of Directors, in the position of having to recommend moving forward with a foreclosure. However, other Owners are bearing the burden of your delinquency by paying for your share of Charges. As Owner representatives, we are obligated to do our best for the overall health of the TSA and its constituent membership. We are grateful we have found options to avoid a foreclosure lawsuit being filed against you with all of the related negative consequences to your credit standing. Please respond to this email within seven (7) days to resolve this matter by selecting Option 1 or 2. Sincerely,'

Because of divorce and disabled my maintenance fees are not being paid and they have already demanaged my credit . My ? Is can I go back and ask for their nightly rental records to see if they actually have rented my unit the week I was suppose to have it.if they have I don’t u derstand how that is not counted toward the maintence fee

I called Shell Timeshare Jan 2017 and explained that my husband had died and I could no longer use the Timeshare. They sent me a document to sign and send back. That was it I was so surprised after all the comments I had heard about getting out of Timeshares. However I also have a Diamond Timeshare and have been told I own it forever and when I die my children will get the maintenance bill. I hope some of the helpful hints will work.

Hello im from canada im in the same situation my time share are in usa what can happen

I own at summer bay resort in Kissimmee Florida for every odd year to stay without paying an exchange fee to RCI. I have been losing out on my stays because I have to book my resents year in advance. When I try earlier to book it I’m denied and told its too early. I then forget and 6, 9, or whenever down the road I remember before my odd date I’m told I’m too late for my week that I have paid over $900 for two years in maintenance and real estate fees. Then they rent my week a d make money off it. I have a paid in full deeded document for ownership of my weekly odd year. Is it lawful for them to do this when I pay my fees every year and just don’t book a whole year in advance?