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Re: Giving timeshare back to resort
[Re: ronwald1]
#63496
07/30/2015 12:19 PM
07/30/2015 12:19 PM
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Joined: Aug 2000
Posts: 82,809 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,809
Central Florida!
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I can't seem to find it either. What resort is it, as someone hopefully will have experience with that particular resort.
Carol Hill
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Re: Giving timeshare back to resort
[Re: ronwald1]
#63500
07/30/2015 01:28 PM
07/30/2015 01:28 PM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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ronwald,
While I don't know what timeshare resort you're talking about, I'm guessing they're all pretty much the same so if it helps at all, the following is what the management at the Towers recently told me.
You have to let them know via telephone and follow up with a fax BEFORE the next years AMFs come out, assuming your return will be effective for next years usage. They will send some kind of a letter which should be signed and witnessed by a notary and returned to them ASAP.
If you wait until after they levy next years assessment, they say they will hold you responsible for the newly assessed fees.
I've paid for and plan on using my November 2015 week so my return will be effective for the year 2016.
pat
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: pat]
#63501
07/30/2015 01:31 PM
07/30/2015 01:31 PM
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Joined: Aug 2000
Posts: 82,809 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,809
Central Florida!
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Pat--wow, you're returning a unit to the Towers?? Surprising.
And Ron said it was Belair, in another note.
Last edited by Carol_Hill; 07/30/2015 01:32 PM.
Carol Hill
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Re: Giving timeshare back to resort
[Re: Carol_Hill]
#63502
07/30/2015 02:19 PM
07/30/2015 02:19 PM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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Carol,
Yes, we're giving back our late November week and keeping our three consecutive April weeks. One side of me is unsure as to whether this is a good move or not, but we weren't planning on using it in 2016 as you know, and if we still want to come down twice a year in the future, we can use an April week as an internal trade and rent an extra week somewhere.
I did make a half-hearted effort to sell the week since it's a really nice one bedroom unit, high up and with a great view, but I'm not into making the effort to list and sell, and it's pretty easy to just give it back so I'm taking the lazy way out. And in all honesty, much as we've enjoyed all our weeks over all the years we've had them, the two trips a year thing is starting to get to be an effort. Who knows, maybe I'll be sorry. Or not....... <img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" />
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: pat]
#63503
07/30/2015 02:28 PM
07/30/2015 02:28 PM
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Joined: Aug 2000
Posts: 82,809 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,809
Central Florida!
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OK, that will give you the opportunity, if you want, to be able to come down a totally different time of year also, if you like. We have never been interested in timeshare, for many reasons, but one of them was being locked into a specific week or time period.
Carol Hill
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Re: Giving timeshare back to resort
[Re: Carol_Hill]
#63504
07/30/2015 02:40 PM
07/30/2015 02:40 PM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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Carol,
That's the really nice thing about timeshare - or at least timeshare at the Towers - you really aren't locked in at all.
We bought the April time having been visiting that time of the year for fifteen years already but with occasional trips done at other times of the year, too.
We picked November up much later because that is our second most favorite island time. But I can trade those three weeks in April for any time of the year I'd prefer to use them, if I want to come during the holidays or whenever, and the November week is tradable for roughly forty out of fifty two possible trade weeks.
Without getting into another timeshare debate, I've had no regrets owning any of my weeks and I have had them almost 29 years and used them every year as I chose. Perfect for us, but we knew what we wanted when we bought and to this day, we have no regrets. And at the same time, I fully respect its not a good option for everyone. Tomato, tomahto?! <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" />
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: pat]
#63506
07/30/2015 02:48 PM
07/30/2015 02:48 PM
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Joined: Aug 2000
Posts: 82,809 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,809
Central Florida!
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Don't know from personal experience, but all I see is people whining that they can't get the weeks they want, etc. Regardless I know it's not for us..
Carol Hill
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Re: Giving timeshare back to resort
[Re: GaKaye]
#63508
07/30/2015 04:25 PM
07/30/2015 04:25 PM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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TY, Georgia, and we will be there this year and will look forward to seeing you, too. We have been thinking of other plans for Fall, 2016. And we can always do internal exchanges if we're of a mind to.......
I just purchased our tickets for April, 2016 and I'm psyched!! We're bringing our Granddaughter and we are really excited about that trip.
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: pat]
#63509
07/30/2015 07:29 PM
07/30/2015 07:29 PM
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Joined: Mar 2004
Posts: 4,311 Vancouver, WA
Todd
Traveler
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Traveler
Joined: Mar 2004
Posts: 4,311
Vancouver, WA
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Aloha Pat, Completely understand, we stopped our spring trips to try other places and are just going with our three November/December weeks.
See you two on island in November, and possibly again some year in April. Who knows, with Katie moving to New Zealand that adds another location that we plan on visiting and we still only get so many weeks away from work.
My only suggestion to people purchasing, watch the AMF amounts going in and don't pay much for the purchase, at least no more than you can walk away from with a smile.
Cheers, Todd
I prefer the Isle seat
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Re: Giving timeshare back to resort
[Re: Todd]
#63511
07/31/2015 01:39 PM
07/31/2015 01:39 PM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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Hi, Todd and aloha to you, too.
Too bad you already own a week 48 - you would have loved our 706 one bedroom.....
John and I will miss the camaraderie of all of you in the Nov/Dec timespan but there are only so many vacation weeks in the year and there's so much we still want to see and do so limiting the island to April seems like a good thing at this point. Down the road - who knows?
New Zealand is a long time in the air but I'm betting you will be heading that way sooner as opposed to later. Enjoy it when you do....and as with GaK - we'll look forward to seeing you at some point in the Fall, I'm sure.
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: ronwald1]
#63516
08/01/2015 09:50 AM
08/01/2015 09:50 AM
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Joined: Jul 2006
Posts: 13,425 Peaceful Eastern North Carolin...
GaKaye
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Joined: Jul 2006
Posts: 13,425
Peaceful Eastern North Carolin...
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ronwald1 said: Belair won't agree to a quit-claim deed give back, so put unit up for sale. What would be the hit on my credit if I just walk away in Jan. when my yearly fees are due ? Or is there another option? I also have unit up for rent if it doesn't sell. Unless Belair has your social security number, which I doubt they do, they cannot report your default to any US credit bureau.
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Re: Giving timeshare back to resort
[Re: ronwald1]
#63524
08/07/2015 08:56 PM
08/07/2015 08:56 PM
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Joined: Jan 2008
Posts: 142 Palm Springs, CA
BleuMoon
Traveler
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Traveler
Joined: Jan 2008
Posts: 142
Palm Springs, CA
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We had two timeshares, one at Oyster Bay Beach Resort and the other at Simpson Bay Resort in the Marina Building. We literally tried to give them away with no luck, much less sell them. We stopped paying the AMFs. We were only contacted by SBR, and when we told them we were giving it up they just said something like, "OK, as long as you understand you can't use it without paying the AMF". It's been two years now, as we did not pay in 2014. I haven't run a credit report but otherwise, we have not received any letters or contact from the resorts. My husband looked back at our paperwork when we purchased the timeshares ( second hand off of Ebay) and no social security numbers were involved, so we felt safe just letting them go. Love SXM, but don't want timeshares anymore!
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Re: Giving timeshare back to resort
[Re: ronwald1]
#63529
09/01/2015 10:57 AM
09/01/2015 10:57 AM
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Joined: Apr 2001
Posts: 14,648 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,648
Brookfield, CT.
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ron,
Just my humble opinion, but I'm thinking I'd tell Belair to kiss my big toe (or something?) and exercise either of your option choices as mentioned.
Assuming your Belair time/unit is yours outright, I doubt they'd pursue you in the States in the first place, but even if they did, for that minimal amount I think they'd just rather be done with you and after a dunning letter or two, they would probably write it off and save their legal costs. The only caveat to that statement might be 'unless Belair is actually a US based corporation' but I'm thinking that's probably unlikely and for the amount involved......I'd personally be willing to take a shot.
Good luck and, if you don't mind sharing, let us know what you decide to do and how you make out with them. Its a point of interest to so many....<img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" />
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Giving timeshare back to resort
[Re: ronwald1]
#63531
09/01/2015 04:07 PM
09/01/2015 04:07 PM
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Joined: Apr 2002
Posts: 5,917 New England (home), St. Maarte...
jmbcomms
Traveler
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Traveler
Joined: Apr 2002
Posts: 5,917
New England (home), St. Maarte...
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Were I a timeshare owner there I would not be happy with that offer at all. Our experience so far regarding selling timeshare weeks has been positive. Although we lost money on all of them [we had bought them from the resorts, which I would never advise anyone to do] we did sell them directly and the transfer process was smooth. I would not "give it back." I'd rent it out until you sell it. Lately more for-sale units are moving but it's still a buyer's market, even for Simpson Bay which is almost completely renovated. [N. B., my comments are based on what we're seeing on the sales/rentals page of my site... whether that is statistically significant I have no idea. Rentals are moving faster now than in the prior 10 years. I'm wondering whether others are seeing that as well? If so it is a huge positive indicator for future SXM tourism, for this coming winter anyway.]
Jeff Berger Visiting SXM Since 1978
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