Wesley Financial Group - Timeshare Exit Company

Has anyone used Wesley to exit their contract? Thanks

NEVER pay anyone money upfront that claims they can get you out of your contract !!! All they want is your upfront money .

How much are they wanting to charge you for this? Whatever it is, it is likely a lot more than what you could pay to do it yourself. Besides, a lot of these so called "cancellation" companies collect your money and do nothing, use illegal/questionable methods, or simply do something that you can easily do yourself.

Have you tried asking the resort's Homeowners' Association if it will take your unit back? If your timeshare is with Wyndham or Diamond, those companies have a program in place that accept a select, limited number of units back to the parent company. There are some reports that even Westgate is accepting some back.

If the parent company or the actual resort will not take your unit back, you can try listing it for giveaway here on RedWeek. You can also try My Resort Network, E-Bay, Craigslist, and/or Timeshare Users Group (aka "TUG") which has a Bargain Deals section that allows you for free to advertise that you want to give away your unit.

beverlyk73 wrote:

Has anyone used Wesley to exit their contract? Thanks

There is no "exit" from a valid, legally binding valid contract (which timeshare ownership is). It is unwise to believe in magic beans, fairy dust or magical exits from timeshare and outright foolish to pay money to learn that fact the hard way.

Pursue deedback, per above, but forget about this (or ANY other) entity offering "magical exits" that simply do not exist.

Thanks. Joined Redweek because we did not believe the "exit" strategy could be true...seemed like a scam. Had then read the other forums regarding exit companies, but no one specifically mentioned Wesley so we were curious if anyone actually had experience with them. After asking here, found quite a bit of negative feedback on TUG.

beverlyk73 wrote:

Joined Redweek because we did not believe the "exit" strategy could be true...seemed like a scam. Had then read the other forums regarding exit companies, but no one specifically mentioned Wesley so we were curious if anyone actually had experience with them. After asking here, found quite a bit of negative feedback on TUG.

The name of the individual "exit" entity matters not one bit. There are currently at least a dozen of them around, probably more --- and they are ALL equally useless. A few have disappeared after being investigated and prosecuted (including, most recently, a parasite "exit" operation in Boulder, Colorado).

The simple, straightforward, indisputable fact and truth is that there is NO easy "exit" from the legally binding contractual obligations of timeshare ownership by merely sending money to a worthless bunch of thieving parasites. NO ONE can magically "exit" a valid contract (or it's binding legal obligations) by merely writing a check or providing a credit card. Like it or not, it just isn't that simple.

There are ways to lawfully part with timeshare ownership but yes, they take some effort. Those avenues include giving it away for free, or by "deedback" (if agreed to in advance and accepted by the resort HOA) or, as a last choice, by simply allowing foreclosure to occur after deciding to make no further payments. NONE of those choices involve much (if any) money out of pocket. Paying ANY money to ANY "upfront fee exit operation" is a complete waste of your hard earned money.

There is an old saying that "A fool and his money are soon parted". Don't become someone stepping up to once again prove that old saying to be absolutely true.

but by pursuing the foreclosure option , doesn't that allow the timeshare company to attempt to get money?

First of all there is no foreclosure because there is no mortgage . The only thing in dispute is the title and the maintenance fees . Unlike a house that has value being resold a timeshare is a money pit for the developer . Where else can you sell something and as soon as the new owner walks out the door it's basically worthless on the resale market . Even the worst built car has depreciated value .

This product is sold at skillfully planned presentations to people who are in a euphoric state while enjoying a vacation away from home . These companies spend millions of dollars researching how to get people to buy a dream . They count on you staying there until the time has expired for you to cancel before you realize what you committed yourself to .

The industry spends million lobbying our politicians to pass favorable laws to keep their scheme going . Don't expect anything to change anytime soon . We have the best politicians money can buy . Your goal should be to get the title out of your name .

NEVER pay anyone money upfront that claims they can get you out of your contract !!!

Question regarding the foreclosure option of stopping payments, I have been told that this won't affect your credit. How can that be true? Don't timeshare companies, specifically Palm Beach Resorts, report to the credit agencies?

ashleyg147 wrote:

Question regarding the foreclosure option of stopping payments, I have been told that this won't affect your credit. How can that be true? Don't timeshare companies, specifically Palm Beach Resorts, report to the credit agencies?

Contrary to an incorrect statement made above a few posts above in this thread, foreclosure can (and frequently does) occur for deeded timeshare ownerships (i.e., not club memberships or pure points contracts).

Deeded week timeshares are indeed literally a form of real estate, even though each individual owns only a small fraction of the whole. Nonetheless, it's still real estate ownership. You pay property taxes on the ownership and you can most certainly be foreclosed upon (for non-payment of maintenance fees).

Defaulting on any loan is a distinctly separate and entirely different matter. Defaulting on a loan will virtually always result in negative credit reporting (in addition to foreclosure). However, if a timeshare is fully paid off (i.e., there is NO unpaid loan balance outstanding) and the owner has historically kept current on maintenance fees, only very rarely will there be any negative credit report consequences after foreclosure for later non-payment of maintenance fees. Can they initiate negative credit report just for foreclosure, even if there is no default on a loan? Yes, absolutely. Do they actually bother to do so? No, as a general rule they do not, with only very few exceptions. It's only the defaulting on a loan that basically guarantees negative credit reporting.

I think the question is can they/ will they come after you for a deficiency judgement after foreclosure are they recourse or non recourse

keithf98 wrote:

I think the question is can they/ will they come after you for a deficiency judgement after foreclosure are they recourse or non recourse

The answer, already addressed, is that yes they can --- but no they don't. The End.

We bought a timeshare by selling an existing timeshare, or so we thought. After 5 years of NOT receiving annual maintenance fee bills from the "sold" unit, we discovered our credit trashed from lack of maintenance payments. So yes, even if the timeshare is fully paid for, they'll come get you if maintenance fees are not paid on time.

They cannot obtain a judgment because their contracr would never hold up in court they refer to the property as real property it is NOT its deeded property and ar that not every state/county records the deeds due to lack of space considering each unit has 15 to 20 owners Timeshares are scams and predators

Can foreclosure occur with maintenance payment stoppage? Will my credit report be damaged greatly?

shordowop wrote:

Can foreclosure occur with maintenance payment stoppage? Will my credit report be damaged greatly?

Foreclosure will likely occur after payment stoppage and a barrage if collection calls and letters. It also depends on where the timeshare is. If it is a Right-to-Use in Mexico, then you probably just own a membership which will be terminated. If you own deeded property, the situation is a little more complex.

As for credit ratings and scores, it's rare to hear of someone getting greatly affected by walking away from a Right-to-Use in Mexico. If it is deeded property, then there will likely be a ding on your credit score or rating. So you have to decide if it is worth keeping up payments in order to possibly protect your credit score. That depends on how important it is to you to keep it in good standing.

I am considering using Wesley group to get out of a timeshare is it not a good idea?

Never pay anyone money upfront that claims they can get you out of your contract . Call your resort and negotiate a deed back . Why pay someone thousands of dollars to do something you can do yourself . I got rid of two timeshares in 2011 that way . You will have to be up to date on maintenance fees and assessments . If the resort agrees to the deed back then it will cost a whole lot less than taking a chance with an exit company .

It is our interest to exit a time share with Club Regina Concourse , rain tree This is a Silver Share , on odd numbers to enjoy , away from the main Holidays like Eastern, Christmas , New year and summer time. One week. I truly need your advice.

ernestoe7 wrote:

Dear Sirs: It is our interest to exit a time share with Club Regina Concourse , rain tree This is a Silver Share , on odd numbers to enjoy , away from the main Holidays like Eastern, Christmas , New year and summer time. One week. I truly need your advice. My phone number is xxxxxxxxxxxxxxxxx Hoping to hear from you soon

Ernesto xxxxxxxxxxxx

For starters, you should never post your name and phone number in this (or in any) Internet discussion forum. To do so extends an open invitation to scammers and spammers all over the world to contact you and then attempt to peddle their (big upfront fee) "magic carpet" or "secret passageway" solution (all of which are very expensive, completely useless and entirely ineffective).

Have you contacted the resort and / or management company directly to inquire about the possibility of just "deeding back" whatever it is that you own? That would certainly be a much better and much smarter first step in trying to lawfully part with your unwanted timeshare.

It appears that you are located outside of the United Sates. If you cannot achieve a "deedback", then you should perhaps consider just walking away. No matter what, DO NOT pay ANY "upfront" money to ANYONE who promises you a magical exit for a fee. No such magical exit exists and you would just be throwing your money away, with no successful end result.