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Re: timeshare
[Re: sail2wind]
#126615
04/07/2017 05:04 PM
04/07/2017 05:04 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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Depends on the particular timeshare. There are many people here who have just surrendered theirs and walked away. Not sure about Diamond's policy, in particular.
Carol Hill
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Re: timeshare
[Re: Carol_Hill]
#126617
04/07/2017 08:18 PM
04/07/2017 08:18 PM
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Joined: Apr 2001
Posts: 14,649 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,649
Brookfield, CT.
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We had a unit we no longer wanted and I just signed a letter surrendering it back to the Towers. But you had to do it before the AMFs for the next year came out and if you missed that date you were held responsible for the fees for the up-coming year. We used our November week in Nov. 2015 and while we were there we signed off on the unit effective at the end of our week and commencing in January of 2016 without any problems.
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: timeshare
[Re: pat]
#126618
04/07/2017 08:55 PM
04/07/2017 08:55 PM
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Joined: Dec 2005
Posts: 10,213 GJ, CO S/V Long Overdue
sail2wind
Traveler
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Traveler
Joined: Dec 2005
Posts: 10,213
GJ, CO S/V Long Overdue
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Carol, how do you surrender your timeshare. When i tried to get out of my timeshare in Beaver Creek, CO, they basically told me they would report me to collections if I did not pay my maintenance fees. We still use it, traded for Simpson Bay a few years ago, but the fees are exceeding the price of a vacation, not quite, but you get the gist. If anyone has any ideas, I would walk away.
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Re: timeshare
[Re: GGdave]
#126620
04/07/2017 09:12 PM
04/07/2017 09:12 PM
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Joined: Nov 2009
Posts: 460 Estes Park, CO
Yana
Traveler
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Traveler
Joined: Nov 2009
Posts: 460
Estes Park, CO
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DRI is accepting deedbacks. It takes some paperwork and $250 fee. Call 877-497-7521. My deedback of Colorado resort took about five months.
There is no place like SXM.
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Re: timeshare
[Re: GGdave]
#126621
04/07/2017 10:09 PM
04/07/2017 10:09 PM
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Joined: Mar 2009
Posts: 18,825 Auburn, WA
SXMScubaman
Traveler
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Traveler
Joined: Mar 2009
Posts: 18,825
Auburn, WA
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GGdave said: Thanks for responding. We own at Flamingo week 19, 7440. It is no longer affordable and (I may add) we let ourselves get talked in to points. We just want out!!!!!!!!!!!!!!! Oh No not points. We own fixed Flamingo weeks 19, 20 21 and 26 and internally trade 26 for 22. Fixed are the way to go so you can book air early at best rates knowing you have a place at a given time. Points are good for some but you're at the mercy of the resort for room placement and weeks. They have been trying to convert me to points but I just smile and walk away. Like the fixed weeks we have in the units we have. Pay the MF and $250.00 and move on.
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Re: timeshare
[Re: sail2wind]
#126623
04/08/2017 08:09 AM
04/08/2017 08:09 AM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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As I said, it depends on the t/s. A couple of other people here in the thread have said in this instance of Diamond Resorts, it's just a $250 fee. When you have a t/s that is actually IN the States, you have a lot of legal advantages, but if you want to surrender, they might actually come after you for collection if you want to surrender. Many people here have reported that they have just walked away from SXM t/s and never heard another word about it. That would make me personally very nervous to do that, but I have never bought t/s, so don't have to worry about it.
Carol Hill
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Re: timeshare
[Re: SXMScubaman]
#126626
04/08/2017 04:29 PM
04/08/2017 04:29 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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Your heirs don't have a personal responsibility for your debts, no. However, if there is a debt remaining on the timeshare contract after you pass away, it is a debt of your ESTATE, so if your estate has any assets, that debt would need to be satisfied from your assets, before your heirs receive anything.
Carol Hill
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Re: timeshare
[Re: sail2wind]
#126632
04/08/2017 09:35 PM
04/08/2017 09:35 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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Again, ownership is a different question than liability for a debt.. It could be set up in survivorship, so that he would automatically inherit it, but liability for AMF is a different question. Suggest you talk to an attorney regarding your situation.
Carol Hill
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Re: timeshare
[Re: Tom]
#126636
04/10/2017 01:27 PM
04/10/2017 01:27 PM
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Joined: Mar 2004
Posts: 4,313 Vancouver, WA
Todd
Traveler
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Traveler
Joined: Mar 2004
Posts: 4,313
Vancouver, WA
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I agree Tom. For me it goes back to Rule #1 - Do not give your ss# when purchasing a TS on SXM. They do not need it.
Which then goes to Rule #2 - Only buy if you are able to at a cost that you are willing to walk away at any moment.
Cheers,
I prefer the Isle seat
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