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Timeshare Trouble

May 20th, 2006 at 08:38 am

By far the most email I get from people is concerned with timeshares and how to get rid of them. I updated

Text is Timeshare Trap and Link is http://www.timesharetrap.com
Timeshare Trap with a new comment from a reader about pay to a sell a timeshare program that is a rip off - a company called Timeshare Relief (oxymoron) - they charge you thousands of dollars to get rid of your timeshare - that's right. You pay them to take your timeshare! People are so desperate to get out of their timeshare contracts that they are doing it too. Never pay upfront to get rid of your timeshare.

For those looking for a way to get rid of there timeshare,
Text is donating it to charity and Link is http://www.timesharetrap.com/charities_that_accept_timeshare_donations.html
donating it to charity might be one solution.

Posted in Sister Site Updates, Timeshare | 16 Comments »

16 Responses to “Timeshare Trouble”

  1. Laurie Says:
    September 2nd, 2006 at 09:25 pm 1157232321
    1157232321

    And just how do you propose getting rid of a timeshare then? All I keep seeing is "never pay someone upfront" but no alternatives. You know why? Because there are none. Listing will cost you anywhere from $300 to $500 a month. Donating is a nice idea but no one just takes over your financial obligations for you and you continue to pay. I've only ever heard of Timeshare Relief through online forums but if you ask me, using the money I'm throwing away anyway to get this thing off my back doesn't sound like a bad idea. Please enlighten me if I am somehow missing some miracle fix. I've searched high and low and have yet to find one.

  2. jeffrey Says:
    September 4th, 2006 at 09:31 pm 1157405510
    1157405510

    There are a number of steps you can take that don't entail paying up front to sell your timeshare. Ebay, listing it with a regular real estate agent (although you may need to up their % fee - but it will only be given when the timeshare is actually sold). A lot depends on the timeshare you have and what you expect to get in return for it.

  3. Laurie Says:
    September 7th, 2006 at 07:31 am 1157614287
    1157614287

    Well, I checked out eBay and there are currently over 800 postings for timeshares. I'd say maybe 10% have bids and that's a generous estimate. I agree about listing it with a real estate agent but again, it's all supply and demand and until the thing sells - assuming it ever will - I continue to pay the maintenance fees which is why I'm thinking I'd be more than willing to take that money and invest it in getting rid of the thing all together which is why I'm having a hard time seeing how a company like Time Share Relief is a bad thing. Like the name suggests, they're offering relief. They're not a listing service and they're taking on a financial burden. Regardless of what they do with the thing it's going to cost them. I don't see how the fee they would charge is unfair. Particulary if it means that I will never ever get that damn bill in the mail again. I can't tell you what I'd pay to offload that. I'm still researching my options but I'm telling you, this one is looking better and better. I'm over it. Done. I want out and I want out as soon as possible. This sounds like a means to that end.

  4. jeffrey Says:
    September 7th, 2006 at 07:49 am 1157615358
    1157615358

    They aren't losing money, I can guarantee that. They will resell or give it away and take what you paid as profit. While timeshares may have little to no value, rarely do they have negative value. If you happen to be one of those that have the worst of the worst in timeshares, then you may be in a position where this is your only option.

    Ultimately you have to decide what is best for you. Maybe spending the money is worth it. I'd first try running an add in the local paper where the timeshare is located to give it away for free and see if there are any takers. Explain you just don't use it and don't need it and want to give it to someone that would like it.

  5. Sunny Says:
    October 22nd, 2006 at 11:40 pm 1161560459
    1161560459

    I don't necessary agree with the idea that a company like Timeshare Relief doesn't take a significant financial risk. The idea that they don't take a loss now and again seems a bit far fetched. I have a friend in the timeshare business and, according to him, these guys take on a pretty significant burden with these things. The fact that they charge a fee to do so is basically because they're taking on a financial obligation. These things cost money and the longer it takes to resell them, the more they have to pay on that obligation. I know timeshare sellers aren't fond of these guys (according to my friend) because they go to great lengths to expose the shady business practices that go hand in hand with timeshare selling. He's gone so far as to claim that timeshare industry insiders deliberately go online and slander them making them out as some kind of dark lord of the timeshare world. Talk about the pot calling the kettle black.

  6. Mary Parker Says:
    February 21st, 2007 at 11:18 pm 1172099906
    1172099906

    my recently deceased husband nad I bought a Timeshre 11 yers ago this August. We used it 2 or 3 times before health issues kept us from going. We tried selling it 4 times with TUG and other companies like them who promised to sell it but NOTHING ever happened. The various charities will not accept it The Pollo towers will not event take it back for free. I think they just want you to keep paying for nothing. I have Timeshare grief and want some Timeshre Relief. Can I just give it to you?

  7. Hamilton Says:
    April 11th, 2007 at 06:24 am 1176272667
    1176272667

    My parents' friends have a timeshare that they used to use a lot, but stopped a few years ago because they said trading got harder. They paid a few companies to try to sell it, but that didn't work. Then they went into "Never pay upfront" mode. And who could blame them, because they tried that already. The biggest scam actually came from some company that said "no upfront fees to sell it for you." Here's what happened: after they put the timeshare up for sale, the company said they found a buyer and had a check for the timeshare in hand. But instead of subtracting their commission from the buyer's check, they asked for a separate check from "seller" for the commission. Guess which check turned out to be good, and which one bounced?! Then they actually called Timeshare Relief to ask about their service, but were told that the timeshare they had wasn't being accepted anymore. I have no idea what they'll do next.

  8. Emma Says:
    June 13th, 2007 at 02:23 pm 1181744613
    1181744613

    Well, for weeks I have been spending every free moment researching how to get rid of timeshares. I even applied to two donate your timeshare organizations and their folks won't even take it because it is "unsellable".

    It has ruined my health (seriously), my financial circumstances and my marriage. Obviously we all bought this things because at some point we were lied to. Can't someone start a class action suit against these people?

    If you know of someway for me to rid myself of this monster without having to pay, please let me know.

    If I have to pay, please let me know how much.

    I am truly sick over this situation.

  9. Kate Says:
    July 16th, 2007 at 06:04 pm 1184609060
    1184609060

    Emma, I hope that really worked out for you. I'd love to hear there was truly a happy ending to your story. What I've found is that most resorts will only buy back your week if you buy an upgraded week from them. So you start with a new mortgage and higher maintenance fee. Oh the joy.

  10. Richard Says:
    March 30th, 2008 at 12:10 am 1206835811
    1206835811

    I liked the comments about timeshares and timeshare relief program, but I ve had mine for sale for the past year and had no success so far. Is there anyway we can just get rid of it by stop paying to let it foreclosure or donating it without having to pay the high fees of such programs. Does anyone have a straight answer to the problem?

  11. Ron Says:
    March 30th, 2008 at 03:05 pm 1206889529
    1206889529

    I went to a presentation by Timeshare Relief yesterday with Mother-in-law. Are there any other suggestions to get rid of week?

  12. jeffrey Says:
    March 30th, 2008 at 04:36 pm 1206894985
    1206894985

    There is no "straight answer" because a lot depends on how bad your timeshare is (does it have any worth at all). Most do and they can be given away to charity, but there are some that don't. The main thing to remember is to never pay an upfront fee to an organization when trying to sell it as this money will be gone forever and the company will not sell it.

  13. Lynne Kitchen Says:
    September 8th, 2008 at 07:33 pm 1220902412
    1220902412

    This is for Emma---I can certainly empathize with you. What my husband and I are doing now to get out of our timeshare is: we saw online an agency called Owners' Advocate, a consumer advocacy group based in California. If misrepresentations were made to you in your original contract (which is very likely) you can get out of your timeshare. They claim a 100% success rate. We have not completed the process yet, but so far they seem to be doing a good job. Their service isn't free but consider the alternative---paying forever on a timeshare you don't want! We were desperate & there seemed to be no hope even when we knew the salesman had blatantly lied. The salesman was a crook & should be put in jail, along with all the other timeshare salesmen. The important point is, try OA, they might be able to help you!

  14. hilt Says:
    July 1st, 2010 at 07:36 pm 1278013019
    1278013019

    You never hear of what happened to the persons who stopped paying time share. Nothing on sueing or anything. Just stop paying and change you phone number. Get the time share people with a lie about your property. Go to where you signed and picket infront of the fools who are about to sign.

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