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ask-redweek-are-timeshare-exit-companies-legit
Thanks. Nice to see a company that has no ax to grind telling it like it is. As an older couple, we have enjoyed our Marriott time share for many years. However, there comes a time when we just can't travel as much as we would like. Your insights regarding this subject are very much appreciated.
Thomas C.
I hold my mother's power of attorney am finding it very difficult to sell her 4 properties! As she is in the advanced stages of Azheimer's, she can no longer travel. I have resorted to renting the weeks whenever possible, but the maintenance fees are still a major drain on the money that she has to pay for her care. It is frightening!
Cynthia B.
Responding to eva51: To the best of our knowledge, according to lawyers who handle exit issues, heirs are in no way obligated to assume responsibility for their parents' timeshare contracts. That's always an individual choice. Best to check with your timeshare company, or resort HOA, on this issue. Also check with your accountant or personal attorney.
Jeffrey W.
Responding to clarec11: Many have tried to get out of Pueblo Bonito. It is likely a Right-to-use or membership rather than deeded property. It can usually be done by simply stopping payments since you do not own anything. The resort might start hounding you with collection calls and letters but those can usually be ignored.
The other option is to list your unit for sale or giveaway here on RedWeek or other legitimate timeshare resale web sites. Just be realistic in what your asking price is. Most units in Mexico have a zero resale value.
Lance C.
I am not sure what to do next regarding my Manhattan Club membership. I have been an owner over 20 yrs. When my husband died in 2012 I simply could not reserve a room and I gave up, plus have not paid my fees. I got threatening letters from them which I ignored. I own a studio every other year. I am now 3 fees in the rears. I have health issues and would like to get out without costing me anything, help. JoanM
Joan M.
Last edited by phyl21 on Jan 22, 2019 01:54 PM
Sophia V.: On the search page (https://www.redweek.com) enter a location. It can be as broad as North America. Once the results come up, use the tabs at the top of the list to filter your results by date, unit size, price, etc. If you have further questions, please use the "Contact Us' link at the bottom of any page.
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Terry C.: You can go to this page to get started: Sell My Timeshare (https://www.redweek.com/sell-my-timeshare)
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Ben C.: There are currently no rentals for 2020 posted at this resort. You can sign up to be alerted as new postings are added by going to the "Posting Alerts" link at the bottom of the rental list. If you have further questions or need assistance, please use the "Contact Us" link at the very bottom of any page.
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I recently spoke with a company purporting to help folks escape their onerous timeshare obligations and was quoted an upfront fee of $8,750, which I cannot afford. The only guarantee they would make was to secure a “give back” and “attempt” at recovering some of the monies originally paid for the timeshare (in our case $34,000). If unsuccessful after 36 months at securing the termination by “give back,” our $8,750 would be refunded (if they are still in business!). I am wondering if this is typical practice by all these so called timeshare exit companies?
Dick H.
Lol .this article is so funny!!my 74 year old mother was scammed over and over trying to sell her timeshare.Resorts do not buy back timeshares except maybe Marriot.Timeshares are worthless pieces of air that drain hard working people of money but I do disagree with this article after losing thousands of dollars trying to sell the timeshare we did find a exit company we paid a little over 3,000 and after all the scams we were finally done with this nightmare!!!and by the way remember redweek works with the resorts not the person who forks over thousands in useless fees and taxes!!!!
Cali C.