Time Share Maintenance Collection

[jrider7]

Almost 10 years ago my wife and I fell for the time share scam. We used it a couple times for the first several years but after the yearly maintenance fees kept climbing higher and higher we realized it was only going to get worse and decided to cut our loses and try to sell or surrender our membership. We were unable to do either and decided to stop paying yearly fees hoping they would end it. Nope.

 

After 3 years of not paying the fees and getting "reminder" notices and calls from the time share people, I got a call from Monterey Collections this morning. The woman of course, demanded a CC # to take care of it, I declined and said I would have to look into it and get back to her in a week. I have not gotten anything from collections in the mail yet.

 

When do I send a validation letter?

 

Does anyone have any recommendations for getting rid of a timeshare? It has no resale value, (I tried) and they will not let us out of the contract (tried that too).

 

Am I really stuck on the hook paying the increasing fees every year for the next 21 years? The fees started off at $450 a year and are now almost $700/yr.

 

I already sent an email to the state AG hoping for guidance but know they will comeback "contact an attorney" (great, another $5000)

 

Any help would be greatly appreciated.

[ProcessServer]

Give it away and let somebody else take it over.

[jrider7]

Who would want it?

[DollarDog]

Unless you can find someone to buy it from you for a $1, you're stuck with it. Filing bankruptcy won't help because the time share company won't foreclose and the maintenance fees after filing will immediately accumulate.

 

So, basically, yes, you're stuck.

[jrider7]

Unless you can find someone to buy it from you for a $1, you're stuck with it. Filing bankruptcy won't help because the time share company won't foreclose and the maintenance fees after filing will immediately accumulate.

 

So, basically, yes, you're stuck.

Unfortunately that's like trying to get someone to voluntarily accept the transfer of a curse.

[mendelssohn]

There are companies that specialize in getting people out of timeshares. That is probably your best chance.

[cv91915]

http://www.ebay.com/sch/Timeshares-for-Sale

[pokerdave]

My buddy has a garbage week (thanksgiving) on cape cod, they want 10 yrs maintenence to take it off his hands... thats 5400

[jrider7]

Has anyone here actually had a timeshare go to collections and get reported?

[jrider7]

There are companies that specialize in getting people out of timeshares. That is probably your best chance.

 

Unfortunately 99% of those are as big of a scam as the original timeshare.

 

My buddy has a garbage week (thanksgiving) on cape cod, they want 10 yrs maintenence to take it off his hands... thats 5400

 

Oh dear god! That's what I am afraid of.

 

http://www.ebay.com/sch/Timeshares-for-Sale

 

Some deeded timeshares (especially in the US) do actually retain SOME value. Unfortunately for me, most, like mine in Mexico, are such a scam that passing it off to another victim is almost impossible.

[jrider7]

I need a some advice with how to proceed with the collection side of this in the mean time. I have only received a phone call, do I need to wait for a demand letter to send a verification letter or should I call them back for an address to send it to? I'm pretty sure Resortcom has assigned the debt to Monterey Collections considering when I called Resortcom they told me they couldn't access my account to talk to me until it was paid in full and tried to transfer me directly to Monterey.

 

I have contacted the Idaho AG office as well as filed a complaint with the FTC, I really just need to buy a little time while I research my options a little further.

[DollarDog]

Are you paying your current maintenance now? If not, then either pay everything you owe or get ready to spend the rest of your life with bad credit and all your time battling the company or collectors.

 

Someone may be willing or able to help you get out of this ONE bill using some credit technicality, but that won't affect what you owe the next month/year/etc. You're cutting off your nose to spite your face.

 

The chances of your timeshare being repo'd or foreclosed on are as close to 0 as you can get. More likely they'll just sue you for back maintenance fees (including interest and other fees) every few years.

[JunkBuyersWorstNightmare]

 

There are companies that specialize in getting people out of timeshares. That is probably your best chance.

 

Unfortunately 99% of those are as big of a scam as the original timeshare.

 

My buddy has a garbage week (thanksgiving) on cape cod, they want 10 yrs maintenence to take it off his hands... thats 5400

 

Oh dear god! That's what I am afraid of.

 

http://www.ebay.com/sch/Timeshares-for-Sale

 

Some deeded timeshares (especially in the US) do actually retain SOME value. Unfortunately for me, most, like mine in Mexico, are such a scam that passing it off to another victim is almost impossible.

 

 

 

+100.

[swimmingwithsharks]

Thank you for revealing more of the "Hidden Dangers of Timeshares, a Genteel Scam"

[Burgerwars]

 

 

There are companies that specialize in getting people out of timeshares. That is probably your best chance.

Unfortunately 99% of those are as big of a scam as the original timeshare.

My buddy has a garbage week (thanksgiving) on cape cod, they want 10 yrs maintenence to take it off his hands... thats 5400

Oh dear god! That's what I am afraid of.

http://www.ebay.com/sch/Timeshares-for-Sale

Some deeded timeshares (especially in the US) do actually retain SOME value. Unfortunately for me, most, like mine in Mexico, are such a scam that passing it off to another victim is almost impossible.

 

+100.

Timeshare Exit Team advertises a bunch on KNX radio (Los Angeles). They keep saying they guarantee to get you out or you don't pay. Mixed Yelp reviews, but in looking at them, I'm suspicious that the glowing reviews may be written by themselves.

 

With the eBay auctions, they're basically offering you a product of paying maintenance fees forever. Even if you like the area and visit regularly, you're more likely better off staying at a hotel that you have no responsibility for, than getting involved in a timeshare.

Edited December 10, 2016 by Burgerwars

[jrider7]

+100.

Timeshare Exit Team advertises a bunch on KNX radio (Los Angeles). They keep saying they guarantee to get you out or you don't pay. Mixed Yelp reviews, but in looking at them, I'm suspicious that the glowing reviews may be written by themselves.

 

With the eBay auctions, they're basically offering you a product of paying maintenance fees forever. Even if you like the area and visit regularly, you're more likely better off staying at a hotel that you have no responsibility for, than getting involved in a timeshare.

 

Thanks for the suggestion, I will look into them but I don't have high hopes.

 

Just in case anyone here needs to know:

 

 

Villa Del Palmar is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.

Villa Del Palmar is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.

The Villa Group is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.

The Villa Group is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.

Resortcom is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.

Resortcom is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.

Universal Vacation Club (UVC) is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.

Universal Vacation Club (UVC) is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.

[pokerdave]

please make sure you update if you find a way to get out of this terrible encumbrance.

[DollarDog]

If you do anything other than sell it directly and completely to an individual, you'll almost certainly be scammed.

[jrider7]

So after reading into this a bit more this is how bad this stuff is.

 

There are so many folks that have been scammed by timeshares and are so desperate for some sort of settlement that there is a whole other scam of timeshare relief companies developed to further scam those people trying to get out of the first scam.

 

Additionally, the secondary scam market of timeshare relief is so big that there is yet another scam market targeting those who have been scammed by the timeshare relief scammers.

 

 

Villa Del Palmar is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.
Villa Del Palmar is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.
The Villa Group is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.
The Villa Group is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.
Resortcom is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.
Resortcom is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.
Universal Vacation Club (UVC) is a Timeshare scam organization of thieves that victimize innocent people with their bait-and-switch scam.
Universal Vacation Club (UVC) is a Timeshare scam organization of thieves that trap people in a timeshare scam with no resolution.

[luvmyboyz]

I know this is old but whatever happened with your timeshare collection?

[hegemony]

On 12/6/2016 at 7:36 PM, ProcessServer said:

Give it away and let somebody else take it over.

a friend of mine was left a timeshare in her uncle's will. it basically means he passed the liability onto her but she is too emotionally attached to the thought it was his wish she enjoy it she hasn't sold it (and rarely uses it) SAD!!!!

[Burgerwars]

5 hours ago, hegemony said:

a friend of mine was left a timeshare in her uncle's will. it basically means he passed the liability onto her but she is too emotionally attached to the thought it was his wish she enjoy it she hasn't sold it (and rarely uses it) SAD!!!!

 

Of course, she didn't have to accept it.  If that was the case, and I wanted to screw someone I didn't like when I passed away, my will would say:  "For my 'good friend' Joe, I leave all my unsecured credit card debt."  I'll just make sure to run up the cash advances before I die.  This is what good friends are for. 

 

Edited November 4, 2022 by Burgerwars

[hegemony]

1 hour ago, Burgerwars said:

 

Of course, she didn't have to accept it.  If that was the case, and I wanted to screw someone I didn't like when I passed away, my will would say:  "For my 'good friend' Joe, I leave all my unsecured credit card debt."  I'll just make sure to run up the cash advances before I die.  This is what good friends are for. 

 

but you see... a time share is an asset... or at least that is what the industry wants people to believe.

[TheVig]

I'm sorry a timeshare is not for us. We can't afford it.

How can you afford not to? Just think of your kids, and the good times you will have.

 

 

 

 

[centex]

On 11/4/2022 at 5:17 PM, TheVig said:

I'm sorry a timeshare is not for us. We can't afford it.

How can you afford not to? Just think of your kids, and the good times you will have.

I still remember having fun with some of the ones in Vegas that would offer a few hundred in match-play chips.  I'll waste someone's time for a few hundred...

 

The first thing I would mess with them on was asking for a copy of their practices related to gay or lesbian clients...I really didn't care, but it let me know very quickly where the company stood if their sales weasels got the heebie-jeebies. 

 

And then, when they would get to the 'savings' worksheets and they would ask how much I expected to spend for lodging in Vegas...I always answered zero since, at least in that era, comps were very plentiful, even for poker players. 

 

IF I made it to the tour stage, I nitpicked their cheesy furnishings which had chips in several places.  That usually helped to hasten their release of me sooner than many others would get.