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Mexican timeshares redux... (by KC):

kathyw574 wrote:

I own a couple of vacation clubs in México and believe me there's no getting out or getting your money back no matter what legal actions you take and stop paying is no option if you care about your credit score. I study the market a lot and it is possible to make an income by renting these weeks. Keep in mind that money doesn't just come flying to your door step so put some effort to understand how it works. I hope this saves you time and effort towards trying something that's pointless. If you have any questions as into how to rent them out I would be more than happy to help out.

I agree that there is no "getting out" of a valid, legally binding contract. I also agree that no return of ANY money is ever going to occur after the contract rescission period has expired (5 days in Mexico), although too many people continue their futile quest for magic beans, secret elixirs and / or powerful attorneys with mystical powers to "get them out" (lawfully). Sadly, none of these things actually exist.

That said, some Mexican timeshare operations wouldn't even bother to take the action that would result in a negative credit report after someone just walks away (although some operations certainly will). After all, they are going to retain every penny received to date, no matter what. The RTU contract holder "owns" absolutely nothing anyhow (except that "right to use") and there is always another Gringo coming around the corner who will sign right up while in "vacation brain" mode. Walking away is ALWAYS an option. Even a negative credit report "hit" will last for only 7 years and it is my belief that most creditors would not put much stock in a Mexican RTU timeshare contract mistake if everything else in the applicant's credit background is consistently clean with a reliable performance history.

I can't speak to the ease with which Mexican timeshare weeks can be rented, having no personal experience with same, but I am inclined to believe that it is not very easy and rarely if ever profitable. There are always lots of cheap timeshare rentals available in Mexico and for other timeshare owners it's also generally VERY easy to "exchange" into Mexican timeshares through the "exchange" companies. The biggest obstacle (at least from the input I've read from experienced others) is that many Mexican operations also charge additional and exorbitant (and mandatory) "all inclusive" fees once on site; something that many prospective tenants understandably want NO part of.

If you have "help" to offer (hopefully without any underlying commercial motivation or other undisclosed agenda) why not just POST that advice here voluntarily, in order to "help" the many people who have gotten themselves into their Mexican RTU timeshare dilemma?