Friday, February 19, 2016

Timeshares And How to Get Rid Of Them

Do you own a timeshare or maybe several timeshares, but are getting too old to go to use them and wondering if you have timeshares how to get rid of them.Then read this blog because you will find out what you don't want to do and want you can do. Also those of you who don't have a computer, I hope your family reads this blog so they can help you get rid of that unwanted timeshare.

Many times I am sure you are being called by salesmen who are trying to sell you the idea of listing your timeshare with them and they can sell it for you. They don't do it like a realtor, they want upfront money and it can be anywhere from 500 to 1500 dollars or more. I guarantee you that they will never get it sold. If you go to Ebay, you can even see them listed for a dollar and never move. So don't list them you will be out of money and probably disputing with your credit card company hoping you can get back the money you invested.

You probably also have gotten calls from so called advocates saying how bad timeshares are and inviting you to meetings telling you how you can get rid of your maintenance fees and still travel, but I can tell stay away, they are scammers, they usually are vacations club trying to sell you a membership with them and say they will take your timeshare in on trade, but trust me it doesn't always work and ends up costing you more.

 Then there is the advocate who says that you need to get rid of the scamming timeshares you own which is going to end up costing you and your family lots of money. So they want you to pay them anywhere from 2500 to 8000 dollars and they will take the timeshares off your hands. Only it really doesn't work that way and will end up costing more money and you will end up fighting with them too.

I found the best way to get rid of a timeshare was to call the timeshare company and tell them your problem. If you can't afford the maintenance fee any longer and are unable to use it any longer ask them if they could take it back at no cost. Tell them they don't have to buy it from you and if they are still hesitant, even offer to pay the transfer fee. I was able to cancel my timeshare with Wyndham and with one other timeshare just by calling and talking to them. Of course, I had an advantage because I was dumb enough to go to one of those companies that said pay them and they would take care of it. Unfortunately they just kept wanting more money until I just said no and told them I was going to the timeshare company. They let it out that the timeshare companies will take them back in the transfer sheets I needed to sign. It stated that if Wyndham has a right to refuse and if they wanted to buy from me and sent me a check, I had to give them the money.

When I read that I called Wyndham and after talking to them, they told me they would take it back. I ended up by disputing with the company, but while I had not sent all the papers to the credit card company, I called the company and told them everything I was going to send to the credit card company including the 8 complaints they had with the BBB this year that was exactly like mine and the fact they did not tell me Wyndham would take there timeshare back if I had called them. Also, show proof they knew it, because it was in their transfer papers I had to fill out between me and Wyndham. They decided to refund the money.

Also if you do not have a lot of money stored away anywhere and are on Social Security you can ask them to take it back, if they refuse, just tell them you cannot make the maintenance fee and won't. If possible send them an email with this so you can have a copy. If you should, then be taken to court at least you will have proof you notified them that you tried to give it back and you could not afford it. The judge can not garnish your wage if you only have Social Security and no other income coming in. There is a possibility he can put a lien on your home, but you can live there until you die. Then it will go in probate, whether they want to mess with, who knows. If you were smart you could put it in a trust fund or sell it to a family member  for $1 with condition that you live in it until both have passed away.

Anyway there are better ways of getting rid of timeshares then giving money to scammers who don't get rid of the timeshare.