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PJP
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Joined: 09/01/00
Posts: 125
Loc: Maine
Returning a timeshare unit to a resort?
      #1748587 - 10/04/17 08:14 PM (67.253.20.51)

How does one return a timeshare unit to a resort, if you do not want to have it any more or be subject to many more assessment fees? (such as the Sapphire)

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LBI2SXM
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Joined: 06/02/08
Posts: 2134
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748595 - 10/04/17 09:13 PM (73.112.165.173)

Walk away from it.

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SXMScubaman
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Joined: 03/21/09
Posts: 6913
Loc: Auburn, WA
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748596 - 10/04/17 09:13 PM (24.22.151.53)

Contact the resort directly or just don't pay anything. They (Sapphire) really can't do anything to you if you don't.

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truant2
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Joined: 08/10/05
Posts: 172
Loc: Maryland
Re: Returning a timeshare unit to a resort? [Re: SXMScubaman]
      #1748600 - 10/04/17 10:10 PM (166.137.240.49)

Except Atrium/Festiva. They have their own collection agency, and keep threats coming for years. Attorney,Generals of several states have sued them for fraudulent activity.

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pat
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Joined: 04/18/01
Posts: 11324
Loc: Brookfield, CT.
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748603 - 10/04/17 10:38 PM (75.133.113.202)

We decided to give back our fourth week at the Towers and all we did was send a notorized letter stating we were giving it back to the management and as long as we owed no AMF for that unit for that year, we were done. No fees, no arguments. And we maintain a good relationship still.

--------------------
Respectfully,

pat



"Always keep your words soft and sweet, just in case you have to eat
them."


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Tom
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Joined: 08/15/00
Posts: 1073
Loc: Hershey, Pennsylvania
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748614 - 10/05/17 07:02 AM (98.235.97.123)

Your question is one on the minds of many people at this time.
Some folks try to sell or give away timeshares over the internet but they are rarely successful.
We have spoken to other owners who have chosen to terminate their timeshares at Belair, where we own, and as suggested simply walked away. We have been told that some resorts will threaten to pursue collection but really have no legal leverage. After all, the resort will still own the apartment to rent or sell.
I suspect that many are waiting to see the announcement of the new maintenance charges before they make their decision.


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Bobcat
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Joined: 10/05/00
Posts: 12424
Loc: Staten Island
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748616 - 10/05/17 07:17 AM (100.38.184.167)

TUG
==========
From Timeshare Users Group on selling a TS
==============
We are fortunate having purchased our TS many years ago and have a non-mandatory fee arrangement - if we do not go we do not pay and can of course visit any Divi resort anytime, subject to availability.

--------------------


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Daisy304
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Joined: 05/04/08
Posts: 332
Loc: Boston, MA
Re: Returning a timeshare unit to a resort? [Re: truant2]
      #1748668 - 10/05/17 02:38 PM (170.74.231.21)

I contacted the Atrium (Festiva/Patton Hospitality Group) recently and they said I own it for life. I had a friend who gave it back to them when they hit us with a special assessment fee but she had to pay 2 or 3 times the MF which she did just to get rid of it. They do not do this anymore. I would like to just walk away but don't want any marks on my credit. Can they hit your credit score? We have owned our week for years and are only liable for the MF which is paid up to date. I should probably walk away before next years fees come out. We also own at the Royal Palm which I am deeding back to them for $250. Timeshare use to be good but some of these fees are just too high. We rented a week at the RP on Expedia this year for $788 vs.a $1700 MF.

Edited by Daisy304 (10/05/17 02:58 PM)


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GaKaye
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Joined: 07/09/06
Posts: 11631
Loc: Peaceful Eastern North Carolin...
Re: Returning a timeshare unit to a resort? [Re: Daisy304]
      #1748683 - 10/05/17 06:44 PM (174.193.130.107)

Unless they have your social security number they can't affect your credit. They also have to be a member of a US credit reporting agency to do so.

--------------------





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Tom
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Joined: 08/15/00
Posts: 1073
Loc: Hershey, Pennsylvania
Re: Returning a timeshare unit to a resort? [Re: PJP]
      #1748692 - 10/05/17 08:06 PM (98.235.97.123)

I am not an attorney but I have read my timeshare agreement and suggest you do the same. If it is like mine you will see that your agreement is governed by the Netherlands or French laws not US laws.
There is a lot of verbiage re: Lessor/Lessee. Nowhere does it state that the lessor (resort owner) can force the lessee (me) to pay for maintenance fees for life.
It does say that if I don't pay maintenance fees the agreement can be terminated which is exactly what I want if I want to end the timeshare agreement.
The only potential action that I can imagine is a posting on my credit report which I have already researched and found that an otherwise healthy credit rating will not be negatively effected by a timeshare termination.
Let common sense prevail. If you need assurance that you won't be a in trouble, contact an appropriate attorney, pay the few hundred dollars that he/she will charge to prevent you from paying thousands.


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