My timeshare is paid in full, but I just don't want it anymore

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My timeshares weren't with Wyndham . I made many phone calls until I got a hold of the persons that handled the titles . I worked with them and it was quick and inexpensive and I have been free of maintenance fees and assessments since 2011 and my money market account is very healthy for not only not paying the fees but also all the extra expenses of having to travel just to use my weeks .

FYI on the Grand Seas Daytona. i had been trying for years with the same result, now that the the renovation is mostly complete and the it back open (fully), i think the story may have changed. i'd try to reach out to them again.

jillk231 wrote:

I have a timeshare at Grand Seas in Daytona Beach, currently owned by Exploria Resorts. I have had it for sale for 10 years for low prices, no offers. It has been under construction because of hurricane damage since October 2017, so there is little possibility that it will sell while closed. I contacted Exploria, they have an "Inventory Surrender Program" that will charge $2200 to take back my timeshare. They will also wait until they have need for it - I requested a call last summer - nothing yet. You mention $950 as the highest deedback program you have heard of - any ideas for me?

I have RCI and l just don't want It anymore. It's been paid in full for quite sometime what .can l do. I have excellent credit and don't want to damage it

roseanneb14 wrote:

I have RCI and l just don't want It anymore. It's been paid in full for quite sometime what .can l do. I have excellent credit and don't want to damage it

RCI is an exchange company. Are you saying that you have RCI membership or that you own a timeshare affiliated with RCI?

Could you please give a current update Steve P on what has happen thus far not paying your maintenance fees at Raintree Vacation Club? It would appear it has been a little over 2 years. I am in a similar situation wanting to get out. It was paid in full at contract signing in 1999. I have had for 20 years already. Have another 26 years, exp 2046. Have 30K points which is 1 week per year in a 1bedroom in the off seasons. Maint. fee this year 1368.00. Never missed a payment. Paid a couple of "special assessments", have good credit and don't want that ruined. Have tried calling Houston HQ for Raintree. They are absolutely no help. Give me the options of selling to someone, gifting, or donating. Those are not viable options. I can no longer afford this noose around my neck.

If anyone else has prior experience of this with Raintree VC and what happened after you stopped paying, could you please respond? Much appreciated.

Does anybody know of a legitimate company which will get me out of my timeshare? I own at the Atlantis Harborside. Harborside will not take it back. I have already been scammed twice.

I have recently spoken to Timeshare Specialists in Montana. I do not want to be scammed again.

Or, has anybody "walked" away from a timeshare?

Any help would be greatly appreciated!!!

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

liliw6 wrote:

I own at the Atlantis Harborside. Harborside will not take it back.

To whom did you speak at Harborside? Was it a front desk clerk or the Homeowners' Association? Do you still owe on the mortgage or maintenance fees?

What was the outcome of selling your Daytona timeshare? We have a timeshare at the Grand Seas and want out of the headache. Have had it for 25 years. Thank you for any information.

FYI on the Grand Seas Daytona. i had been trying for years with the same result, now that the the renovation is mostly complete and the it back open (fully), i think the story may have changed. i'd try to reach out to them again.

jillk231 wrote:

I have a timeshare at Grand Seas in Daytona Beach, currently owned by Exploria Resorts. I have had it for sale for 10 years for low prices, no offers. It has been under construction because of hurricane damage since October 2017, so there is little possibility that it will sell while closed. I contacted Exploria, they have an "Inventory Surrender Program" that will charge $2200 to take back my timeshare. They will also wait until they have need for it - I requested a call last summer - nothing yet. You mention $950 as the highest deedback program you have heard of - any ideas for me?

Well my time share was paid in full until I increased my points. Now I owe another $30,500. The amount has not went down since I increased the points back in August 2019. I have a in house loan at 19.99%. I feel like an idiot for letting them snag me. I tried canceling it , even negotiating. My maintainance fees are $3500 a year. I understand that they just want to make money. But I don't want it anymore. Plus I don't want my family to inherit this unending debt.

The "Inventory Surrender Team" bought it back from me for about $450 in fees. But, I think I hit the sweet spot in time. I had been asking for years and they said no. I asked again right after they reopened after all the hurricane work, and I think they were making a big grand opening resale push. The bottom line is they only have to take it it when it looks like a good deal for them. I doubt there is a lot of market now with covid, but it doesn't hurt to ask.

sonyas23 wrote:

Well my time share was paid in full until I increased my points. Now I owe another $30,500. The amount has not went down since I increased the points back in August 2019. I have a in house loan at 19.99%. I feel like an idiot for letting them snag me. I tried canceling it , even negotiating. My maintainance fees are $3500 a year. I understand that they just want to make money. But I don't want it anymore. Plus I don't want my family to inherit this unending debt.

I can offer no positive encouragement on your obviously bad financial decisions, but I will point out the good news that your family cannot and will not "inherit" your debt. It simply does not work that way.

Only the people who actually executed the loan and the purchase contract have (or will ever have in the future) any personal responsibility for the debt. That debt does NOT pass on to your offspring, regardless of whatever any lying sales weasels or hungry collection agency representatives might try to (falsely) tell you.

It's a difficult choice, but you can always just stopping paying and walk away. In my opinion, there is no timeshare on Planet Earth worth carrying a $30,500 debt at 19.99% interest --- that's just obscene.

You will take a credit score "hit" if you default on the loan and you will lose whatever you have paid so far and you will lose future access to your timeshare, but work out the math and do whatever is best for you and your family, even if means just giving up on the timeshare.

You are definitely in a tough spot; I wish you luck.

in may 2017 i fell for sapphire resorts in las vegas. i immediately went back but got talked into a lesser for 3000, thats paid. my situation changed. they wanted me back july 2018. they knew i wanted out so proceeded to lie. said i could sell my points. i should have never downgraded, now cant sell etc. im 75 and a woman alone i fell for it

now im paying off 5000 financed thru them monthly. i will be 76 friday never used it want outl

almost scammed 3 times...help

dorothy dminix59

Ready to let it go. With this covid, and wife not working that 1200 a year is getting to be too much. What do I do?

First step is to contact your resort and ask them to take it back . If they agree then it should be quick and inexpensive . You have to be current with your maintenance fees and assessments . They may also ask you to pay an additional years maintenance fee to give them time to find a new owner . A small price to pay to be rid of your obligation . If they don't agree to take it back then you can list it at numerous sites for sale or give it away . If it's a Right To Use like in Mexican resorts then you can just walk away . One other alternative is to walk away from your timeshare and let them foreclose . It could affect your credit score but not likely . Just remember there are probably hundreds if not thousands of owners wanting to get rid of their contracts so you might have to become creative .

Did you ever get out of your timeshare? We owe nothing either and just want to stop paying the maintenance. tks

Here's the deal . Just asking about it doesn't get the job done . I got rid of two timeshares in 2011 through deed backs . I contacted the two resorts . First I made sure I got to the person who handles the deeds . I informed them that I was going to get the properties out of my name with or without their cooperation . Apparently they believed me and both worked out an exit through a quit claim deed . It was fast and inexpensive . After all paperwork was completed and I had a certified copy of the deeds I sent a gift card to each person that worked on it with me . Ten years later my bank account is very healthy for not having to travel so much .

I still own one timeshare on the Las Vegas strip that I love. I usually go there every November for my week . I have never had any trouble booking my week and they treat owners like royalty there .

My advice is to make it your priority to get out of your contract . Pick up the phone and start making calls . Let them know that it's in their best interest to work with you because you will not be responsible for the next owner if they fail to pay their maintenance fees and assessment .

One more challenge. Run ad.

I have hey Hacienda del Mar Los Cabos and E Pueblo Bonito Rose Owners and I am sick and tired of paying sthese maint fees I am been in poor health for several years & have not been able to go 2HDM since my husband passed away 25 years ago. I keep thinking that if I don’t pay them they told me that they would get the collection agency after me and then it would ruin my credit & I’ve always prided myself on my good credit..Can I walk away? I would’ve done it years ago! Of these timeshare get rid of your time here places are getting in touch with me but I don’t trust them please help me I’m almost 75 (in a few mos)! I can’t work and I need the money badly!