Post reply

Re: WALK AWAY FROM TIMESHARE (by Patti G.):

Regardless of what "you would do", or "whether you are mystified" by what others would do, I am simply relating what has actually happened to people I know. These people ARE NOT BANKRUPTCIES, they in fact have very good credit, and have been given very good advice of how the situation will actually be dealt with, as opposed to what timeshare companies tell them. They know in fact that the threats are meaningless, and refuse to be intimated. Remember, these are people who have elected to walk away from their full investment, so its not like it isn't painful for them.

Most people who are unhappy with their purchase are the people who bought into the idea that they could exchange for another location. They have found that this promise has not been fulfilled, and they in fact have very few opportunities to exchange their timeshare although they "banked early". So in fact, the timeshare company (and RCI or same) have reneged on the contract of promised services which the client is paying for through maintenance fees. Nobody has to keep paying for a service they are NOT receiving. So they stop their maintenance fees, the timeshare company reposesses and sells it to the next dupe, and they whole thing starts again w;ith someone new.

Economically speaking now is absolutely the best time to walk away from these fees. The financial markets are so preoccupied with people not paying for their home mortgages, there will virtually no concern regarding the much lesser problem of unpaid timeshare maintenance fees by people who otherwise have good credit.

Finally, if you look on ebay...say today...you will see that there are very few timeshares for sale that have any bids...they only sellable timeshare units are in ski country...both US and Europe and very few golf destinations such as Hilton Head. The rest are virually NOT sellable even for $1. Don't believe me? Go to ebay and see for yourself. Don't kid yourself that your unit is sellable.