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Re: Giiving up a timeshare
[Re: weeks5051]
#78392
12/15/2015 11:09 AM
12/15/2015 11:09 AM
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Joined: Mar 2001
Posts: 17,568 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,568
Ohio
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There have been many threads and posts about this. Look back several pages as there was a recent one. If it were me, I would walk away and forget about it as selling can be tough. Try here for starters.
J.D.
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Re: Giiving up a timeshare
[Re: SXMScubaman]
#78394
12/15/2015 11:46 AM
12/15/2015 11:46 AM
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Joined: Mar 2001
Posts: 17,568 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,568
Ohio
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SXMScubaman said: All you have to do is fill out the forms to turn it back in and pay the 200 fee as long as your FM's are up to date. Have friends that did the same thing last year due to health reasons. I own at the same resort and know what can be done. Just curious, what happens if you do NOT pay the $200 fee? If the party no longer wants the timeshare, why not just walk away and save the $200?
J.D.
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Re: Giiving up a timeshare
[Re: SXMScubaman]
#78397
12/15/2015 12:26 PM
12/15/2015 12:26 PM
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Joined: Mar 2001
Posts: 17,568 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,568
Ohio
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SXMScubaman said: It's part of Diamond Resorts witch is based in the US. Depending on when the contract was purchased there could be credit ramifications if they gave out their SS number to Diamond through financing. I think you mean "which" and not "witch" when referring to Diamond Resorts. If I had not given a SS# or any major financial information when the purchase was made, I would personally walk away and save $200. I know people who have purchased in various manners and when it didn't work out, they simply walked away.
J.D.
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Re: Giiving up a timeshare
[Re: SXMScubaman]
#78399
12/15/2015 05:26 PM
12/15/2015 05:26 PM
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Joined: Oct 2012
Posts: 308 Tampa, FL
denverd0n
Traveler
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Traveler
Joined: Oct 2012
Posts: 308
Tampa, FL
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SXMScubaman said: A foreign resort has less rights than a domestic US owned resort to go after you. Not very much less. In the name of preventing the laundering of drug money--a lot of people think the REAL reason was to crack down on income tax evasion--the United States has treaties with a whole lot of countries around the world. These treaties require the sharing of banking and financial transaction information, but they also allow each country access to the other countries judicial system for pretty much any money-related issue. That means that a foreign company can come to the U.S. to pursue someone who walks away from a debt with very little difficulty. Now, of course, if they don't have offices here, and they don't have attorneys on retainer here, then that creates problems that a U.S. company wouldn't have. But in terms of any legal hurdles, there are almost none. It is all just the obvious practical hurdles.
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