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Know if a timeshare is good or bad, and what is your best option when wanting to unload an undesired timeshare?You might be desperate, as the next payment is due soon.
Read carefully and make the right choices, as you don't want to waste more money on a timeshare scam.
The story
John and Mary went on a vacation and were invited for a free breakfast. There is a sales rep. approached them, asked about their dream vacations, and promised he would solve all their vacations "problems".
He introduced them to a great timeshare solution where they could use their timeshare to pay for airline tickets, cruises and even pay for their Disney’s entrance ticket.
And not only that, the timeshare was so great, that John and Mary could rent it for a profit if, in that year, they could not go on vacation. One of the main advantages, John remembers, was "we could deduct our purchase from our taxes".
When the closer came to the table and showed them the price, John and Mary were very surprised to find it was too expensive for them. The salesman told them he would help reduce the price by presenting them some "marketing" options.
He brought his manager to the table and offered them a foreclosure for half the price, and he was doing this kind of favor just because he liked them so much.
The manager also made the comment that just a fool would pass along a great offer like this one.
Finally, after three sales representatives and four hours of negotiation, John & Mary gave in. They signed the contract and the promissory note; they were led to believe that their salesman and manager would help them out, renting their weeks in case they couldn’t meet payments.
John and Mary could not enjoy entirely the rest of the vacations; their heads were filled with thoughts like “How are we going to make the payment for the new investment in 30 days from now?”, and their vacations were no longer about the sand or the sun.
Upon returning home, John & Mary called to cancel. The salesman told them they could not cancel because they bought a foreclosure membership and the cancellation period was over and that clause didn’t apply to their contract.
However, the salesman offered to rent their weeks and asked them to return call back a week from that day to check if he could rent the weeks in the contract and to speak further about the remittance of the check to cover the cost of the initial investment. And that was the last time John & Mary heard from the salesman.
Now, John & Mary are liable for thousands of dollars in credit card debt with a high interest rate for a “timeshare solution” that in reality gives them only a week for vacations for the next 20 years in addition to what they already own, weeks that cannot be rented out, and that even though they cannot use, they must pay the yearly maintenance fees.
Doing the math, it is cheaper to buy an online package than to call the timeshare resort to book a week, and end up with a week in a unit that was not like the one that was presented, without the service promised, and at a season that cannot be adjusted to their vacation schedule.
This is a common story. You can read the same testimonial thousands of times on the internet.
When people realize that the “timeshare solution” they bought was not what they expected, they look for different ways to get rid of the nightmare they got themselves into.
This step is crucial and delicate and can become an emotional rollercoaster because victims of timeshare could easily fall into the hands of even more shameless scam artists who want to earn some easy money.
That is why, we present you with different options that you can consider if you have purchased a timeshare, and you want to get rid of it. We ask you to read very carefully the following different options you have to get rid of a timeshare, because if you take the wrong direction, you could be throwing more money down the drain.
The “EASY” solutions are:
1. Renting the timeshare:
Nowadays, it is not an option. Perhaps this is the most common way to fall victim to a timeshare scam.
If you do some research, you will find out that the vast majority of rental companies are there to charges an advertising fee instead of actually providing any kind of service.
With the promise to “list” and not “rent” the vacation weeks.
A rental company contract is full of sketchy clauses, and in the end, you just spend money on “solutions” that aren't a solution to begin with.
2. Resell the timeshare:
The resale of a timeshare can be one of the many no-end streets when it comes to talking about timeshares. You can look them up on eBay; there are people selling them for no more than $1 USD, just to get rid of the expensive maintenance fees.
Timeshare resell companies will explain to clients how "hot" the market is to convince them to pay an upfront fee to sell it immediately.
Asking for upfront fees and promising they have a buyer for you is a sure way the resale company will approach you.
This is only an option if you don’t mind throwing more money down the drain while you are stuck with that timeshare for a long time, waiting for the "hot" market to do the job.
3. Inherit the timeshare:
Let’s face it: do you really want to pass along to your loved ones a timeshare? Why would anyone want to be committed to paying yearly maintenance fees, that result in a higher price than just booking online?
4. Just dropping it:
This is a common practice people do when they do not want to have the obligation of paying for the balance and/or maintenance fees.
This practice, as it might sound like an alternative, is really not since the client can rest assure that their credit rating will be affected.
Many of our clients call us for assistance when they are already in a situation like this.
We can still help them to cancel the timeshare contract and reinstate their credit rating, but it takes at least 6 months up to a year to clear up their credit score.
5. Give it back to the resort:
Giving back to the resort the timeshare that you don’t want, is not an option. Why? Because the timeshare developer wants the timeshare to be paid off, and even when it is, they want an annual maintenance fee to be paid as well.
It results in a lost cause for them, and for no reason will they take a timeshare back.
6. Donate Timeshare Scam:
Most charities or organizations won’t take timeshares for two reasons: they are not willing to pay the expensive maintenance fees, and they mostly do not have a use for them. A donate timeshare scam is not a solution.
- the "REAL" solution is:
1. Cancel A timeshare: This is the real solution and is the most effective and secure. When properly canceling a timeshare, there are no further strings attached to the resort.
Many clients experience a relief when they know that their contract has been cancelled for a number of reasons, just to mention a few:
- No more calls or letters trying to collect maintenance fees,
- No more special assessments fees,
- No more debt (if still owed); pay the mortgage.
- No more collections notices or phone calls (in case of default),
- Freedom to go anywhere, anytime.
It is important, however, to cancel your contract properly and through the right people.
There are lots of companies that just want to make an easy buck and will even guarantee to recover all monies paid... if you pay them an upfront fee.
This is an extension to the original scam. When the scam starts all over again.
Never pay upfront to sell, rent, donate or cancel a timeshare contract.
Do your homework and investigate the company you will choose to assist you with the cancellation of your timeshare contract, as there are many who will tell you (what you would like to hear in order to empathize with you and get your business) whatever is necessary to get more money out of you.
Mexican Timeshare Solutions is the only company whose fees are strictly dependent on results.
If there are no results, there is no pay, as simple as that.
We will tell you what you need to know straight, upfront. It is time for you to hear the truth about the timeshare industry. Get a free consultation.
To receive more information about timeshare donation and how to cancel your timeshare, send a WhatsApp to +52 1 333 239 6589, fill the contact or call us at +1 714 277 3662
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Leave your comment below and share your opinion with us. To know more about timeshare scams go to:
Timeshare Escrow Companies: Scammed by Taylor Trust Company.
donate your timeshare could be a solution, but still being difficult
MILES DE PERSONAS HAN SIDO ESTAFADAS AL COMPRAR TIME SHARE, EL ESTADO DEBIA TOMAR CARTAS EN EL ASUNTO Y NO ESTAR COBRANDO IMPUESTOS POR ALGO QUE NO EXISTE.
Ben dia, compre una especie de tiempo compartido con holiday inn orange lake hace menos de un mes, me doy cuenta que no podre pagarlo y quiero cancelarlo. Solicitu su ayuda
Ben dia, compre una especie de tiempo compartido con holiday inn orange lake hace menos de un mes, me doy cuenta que no podre pagarlo y quiero cancelarlo. Solicitu su ayuda
Is very difficult to sell, even donate a timeshare. They're abusers who take advantage for people!
Vivo en Bogotá y tengo las mismas inquietudes del Señor Nelson Hernández, sólo que compré en West Gate Resort, Miami Beach. También ya pagué todo y el mantenimiento lo pago cada dos años.
Me gustaría que me den las mismas respuestas que al señor Hernández y con ello yo me orientaría. Gracias
Hola. Mi esposo y yo compramos un tiempo compartido. El día de la compra fue todo un tormento porque nos presionaron mucho hasta que nos lograron vender, fueron nuestras primeras vacaciones y las últimas que tuvimos en paz. El asunto es que esa compra fue hace ya un año y actualmente no sabemos bien que fue lo que firmamos, pues todo esta en inglés y son palabras con terminos legales que no entendemos. Queremos terminar con esta pesadilla porque la realidad es que no podemos seguir pagando ni la mensualidad ni la cuota de mantenimiento, el tiempo compartido que nos vendieron es una semana cada dos años y cuotas de mantenimiento cada dos años pero llevamos tan solo un año y la deuda nos esta ahogando. Este año vinimos al resort para ver que podíamos hacer para entender lo que compramos pero a cambio de eso nos vimos bombardeados por una nueva venta que era completar nuestro tiempo compartido de venir cada dos años a venir todos los años, la cual rechazamos y nos hicieron firmar una hojita informal que resumía nuestra deuda y decía DECLINED, fue tanta la presión que tengo miedo de no haber leído bien y no sabemos que fue lo que hicimos, lo cierto es q quedaron muy molestos porque no compramos esta nueva maravillosa opción. Realmente queremos desasernos de esto pero no sabemos como. Qué podemos hacer, cómo cancelamos luego de un año?
Gracias,
Hola.
Yo tengo un timeshare en Orlando, Florida, cerca de Magic Kingdom. Se lo compre a Westgate Resort. Esta totalmente pagado, pagué por el mas de $15,000.00
Nunca lo he usado, no se usarlo y no lo usare, quiero donarlo, cancelarlo o lo que sea mas fácil.
El mantenimiento esta totalmente pagado por todo el año 2012 y 2013.
El traspaso de la propiedad, tengo entendido, que costaría alrededor de $1,300.00
Como les dije estoy interesado en donarlo o cancelarlo.
El mantenimiento se paga cada 2 años, a razón de $425.00 aproximadamente por año
Están interesados?
Cual seria el procedimiento?
Tengo algunas preguntas que me gustaría me respondan sobre sus servicios:
1) Cuanto cobrarían ustedes por sus servicios?
Respuesta:
2) Cuanto tiempo máximo es el contrato de ustedes para resolver el caso?
Respuesta:
3) Yo he pagando el total que les debo de mantenimiento, es decir no les debería nada, ni la propiedad ni el mantenimiento. Esto facilita la cancelación del negocio?
Respuesta:
4) Tengo que pagarles a ustedes sus honorarios por adelantado? De ser así, (aunque prefiero que no y que sea al final, con los resultados, para evitar fraude) en cuanto tiempo me devuelven el dinero si no resuelven el caso?
Respuesta:
5) Este caso se manejaría por su oficinas ubicadas en donde? Yo tendría acceso a ellos para información, update, etc.?
Respuesta:
6) Que información extra necesitarían de mi para saber si el caso es cancelable o no?
Respuesta:
7) Que vía es mas fácil y rápida, cancelar el contrato o donar el timeshare, ahora que no tiene deuda y el próximo mantenimiento se vencería en 2 años?
Respuesta:
8) Pueden ustedes conseguir a quien donarles el timeshare?
Respuesta:
Por favor contéstenme al email y si llegamos a un acuerdo, yo los contactaría telefónicamente.
Gracias
Nelson
These people usually charge thousands of dollars to donate your timeshare or get from under your timeshare. I would stay away from it because I highly doubt that it is tax deductible and you will probably just get yourself in a mess.
Hola nosotros somos de Chile, vinimos a Cancún y fuimos víctima de esta misma estafa. Nos hablaron de una presentación de 90 minutos para conocer el hotel e instalaciones. Nos tuvieron 4 horas para vendernos una membresia en Real Club que al final yo pienso que por cansancio y tanto bombardeo y preocupación falsa que tuvieron por uno que la compramos. Todo es día nos cuestionábamos si acaso lo que hicimos era correcto y revisamos en internet como era este asunto y claramente es un FRAUDE. Revisamos el contrato y redactamos la carta de renuncia y fuimos al día siguiente a renunciar y se ofendieron un poco al leer palabras como fraude o engaño. Aceptaron nuestra renuncia, nos hicieron la devolución correspondiente, la cual se vio reflejada en la tarjeta de crédito de mi esposo pero no en la mía (yo asumí el costo de papeles legales y notariales por un total de USD725) yo tengo el voucher de devolución y envie un correo a mi banco en Chile ya que aun estamos en cancun. Mi temor es que aunque hayamos renunciado y todo no nos persigan y sigan arruinando nuestras vacaciones, además hoy después de ir a renunciar nos encontramos con una carta de bienvenida en la habitación con fresas y chocolates. Así que me gustaría saber si realmente nos dejaran en paz o no.
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