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- Getting rid of your timeshare
Getting rid of your timeshare
jessem58 wrote:I seriously doubt that you stating the facts. So, if you get behind on a car payment, utility payment, mortgage etc etc. you will be able to call the debt liberators and all debt will go away?? Get real.This is not true i have be completely removed from my financial obligations and had my name removed from the deed. i did so with timeshareliberators.com website.
Tam M.
Scam alert. I'll guarantee they want money upfront. These are all scam companies that come in here impersoanting satisfied customers. Anyone that gives them money will be sorry. You will be lying awake at night regretting that you ever got involved with them.
Don P.
jessem58 wrote:This is not true i have be completely removed from my financial obligations and had my name removed from the deed. i did so with timeshare (removing website address).
Also, with many of these types of scams the timeshare is never transferred out of the owner's name still leaving them responsible for all future fees.
R P.
I FINALLY got rid of mine!!!!!!!!!!!!
I posted it on a facebook group that is a local swap and shop type group. Where people sell used items. I said I had 2 timeshare weeks and listed the units and weeks that I wanted to give away free and that I'd pay the closing costs. I did this last year but didn't offer the closing costs. I think that was the thing plus 2012 maintenance fees were paid up. I had several people interested. One lady came through and the deed has just been recorded. Cost me $301 but worth every penny!
I'm now off the hook for $900+ dollars in 2013 and after! I'm so happy! I suggest trying this for those of you looking to dump yours. Nash County - Swap and Shop rocks!
Martin C.
I have read over CHT website and followed the enormous amount of energy jayjay has spent trying to diminish CHT claims. Sure I’m skeptical of these claims and had hoped to find folks that have tried CHT with success. I’m also one that wants to unload my deeded fixed week 3BR lock off unit with Westgate Lakes. However, post after post it seems that rather than help the reader by commenting on things that are helpful, I read jayjay’s posts pointing out things that don’t match the process listed by CHT and his website. It would be far more helpful to stick to the facts stated and rebuttal only those so that folks can make better decisions. I could care less about the tax write-off… Here is what I have read and what I’m looking for “constructive” feedback The closing companies CHT lists are indeed rated A with BBB.org. If the money is not handed over until the deed is transferred than how is one “out the money”? If the deed is not transferred then the money is returned. One can use their own closing company if desired. I keep reading repeated posts from jayjay that you would be out the money but have missed how if no money is given up front. If closing company does not transfer then money until the deed is transferred then am I not protected? I also keep reading that CHT holds onto the property for 36 months allowing the property to default. If at closing time (36 months prior) I am legally released from the deed, then why would I care? So long as I’m released from the deed. I have read not one person state that they have tried CHT and have been taken. I’ve not found one mention on the web that CHT has scammed them. What would be helpful is if someone could point to any article that one has been scammed. Until then, I simply feel jayjay is being opinionated with no evidence. Having said this it would be even more helpful if I could find ANY positive referenced that someone has used CHT with success and can back his claims that the deed was indeed recorded out of his name before the next tax bill came. I would have no problems using CHT if this were made available. I’m watching garym480 closely and if he’s successful I plan to see if he’ll allow me to call him directly with some suggestions that would prove his claim. Mainly to eliminate if he’s indeed not just a DRk14's alias. (no offence garym480, I’m just being skeptical but truly appreciate your offing positive feedback as this is hard to come by) If garym480’s successful, I too will start the process and list my feedback here… good or bad. Ray
Ray F.
to rayf50, et al: My TS at Sedona Summit was transfered out of my name on 9/20/12. Id like folks at Redweek and TUGGS to know how I did it as it might be helpful. Its a long disertation so Ill put it together and post it. It does involve CHT, Diamond Resorts, Summit, as well as others and most importantly Bayesian theory which Ive spoke about that in this case was very effective. But your right, jayjay is no help to anyone trying to discharge these boat anchors and if Id took her advice in even a limited way, Im sure Id still have it.
Gary M.
rayf50 wrote:I have read over CHT website and followed the enormous amount of energy jayjay has spent trying to diminish CHT claims. Sure I’m skeptical of these claims and had hoped to find folks that have tried CHT with success. I’m also one that wants to unload my deeded fixed week 3BR lock off unit with Westgate Lakes. However, post after post it seems that rather than help the reader by commenting on things that are helpful, I read jayjay’s posts pointing out things that don’t match the process listed by CHT and his website. It would be far more helpful to stick to the facts stated and rebuttal only those so that folks can make better decisions. I could care less about the tax write-off… Here is what I have read and what I’m looking for “constructive” feedback The closing companies CHT lists are indeed rated A with BBB.org. If the money is not handed over until the deed is transferred than how is one “out the money”? If the deed is not transferred then the money is returned. One can use their own closing company if desired. I keep reading repeated posts from jayjay that you would be out the money but have missed how if no money is given up front. If closing company does not transfer then money until the deed is transferred then am I not protected? I also keep reading that CHT holds onto the property for 36 months allowing the property to default. If at closing time (36 months prior) I am legally released from the deed, then why would I care? So long as I’m released from the deed. I have read not one person state that they have tried CHT and have been taken. I’ve not found one mention on the web that CHT has scammed them. What would be helpful is if someone could point to any article that one has been scammed. Until then, I simply feel jayjay is being opinionated with no evidence. Having said this it would be even more helpful if I could find ANY positive referenced that someone has used CHT with success and can back his claims that the deed was indeed recorded out of his name before the next tax bill came. I would have no problems using CHT if this were made available. I’m watching garym480 closely and if he’s successful I plan to see if he’ll allow me to call him directly with some suggestions that would prove his claim. Mainly to eliminate if he’s indeed not just a DRk14's alias. (no offence garym480, I’m just being skeptical but truly appreciate your offing positive feedback as this is hard to come by) If garym480’s successful, I too will start the process and list my feedback here… good or bad. Ray
The main negative with CHT and similar organizations are the lies they tell people such as the donater (timeshare owner) can write off $5000 on their income taxes. What they don't tell you is that the IRS will recognize fair market value ONLY .... which if you GIVE CHT your timeshare then the fair market value would be zero ($0). The IRS will catch the $5000 deduction and come after you many years later demanding that you pay back the $5000 deduction along with interest and penalties.
Another negative about entities such as CHT are that they keep the timeshare for 36 months forcing the resort to foreclose leaving other owners responsible for taking up the slack with increased maintenance fees. Also, many resorts are catching onto these scams and are refusing to honor such transfers to whatever entity the scammers are using.
You say if you are relieved of your ownership that you don't care about the other owners having to take up your slack. If you are a business owner then I certainly wouldn't want to do business with someone like YOU. My guess is that you would be the type to find a way to rid yourself of any debts you owe by whatever means you find necessary.
You say there is no upfront fee involved .... there is a $500 upfront fee plus the closing company fee to these type scammers AND your timeshare will still be in YOUR NAME.
R P.
Last edited by jayjay on Oct 23, 2012 08:18 AM
rayf50 wrote:I’m also one that wants to unload my deeded fixed week 3BR lock off unit with Westgate Lakes. Ray
"UNLOAD" is your keyword here .... so in other words you try to "UNLOAD" any ownership of whatever you may tire of (ie: car, boat, house, etc). When you bought your timeshare you signed a legally bindingl contract. In doing so you are legally responsible for all future fees regarding that purchase until you sell it or give it away. If you no longer want or can use your timeshare then the proper thing to do is offer to give it away paying closing costs and maintenance fees for the current year.
A 3 bedroom at ultra-nice Westgates Lakes shouldn't be hard to give away .... someone posted some photos of that resort recently on another forum and they were awesome.
If I were just now getting into traveling, I would take some of these free timeshares in a NY minute that someone paid thousands of dollars to a developer when they bought originally. The only cost to the new buyer would be annual maintenance fees. This is a win-win situation for newly retired people and people with families that like to travel and stay in luxury accomodations such as your 3 bedroom Westgate Lakes ownership.
R P.
Last edited by jayjay on Oct 23, 2012 08:31 AM
sheilam110 wrote:We own or thought we owned a time share at Planet Hollywood. When I tried to book they told me that Westgate doesn't own it anymore. I think she said Hilton owns it. Sounds like I am screwed.
Do you have a signed contract listing the designated week that you own ..... if so, Hilton has to honor that contract. I would contact Hilton with your questions.
R P.
You know, I have read all of this that you have posted- but when good people that have worked hard their entire lives become elderly and can't travel anymore want to get out of these "great" deals- they can't! They are stuck! In my opinion these "Time-Shares" are the scam! My mother thought that she could bank her time and go to wonderful places when she purchased these places. She never got what, when and where she wanted. She paid fees each year to up keep the places, fees to bank the time, fees to use the places- oh my gosh!! I can rent a wonderful place whereever, whenever and however I want for the same price and I didn't pay thousands up front to do this! Now you are bad mouthing these people for wanting out of these so called great deals and if they were worth anything we wouldn't be having this discussion- as people can't even GIVE away these timeshares!!! And if you think they are so worth something- my mother has two- A blue -green and a Wyndham- completly paid up and we will GIVE it to you for FREE!! Now STEP UP!!!!! Or- Shut UP!
Lori P.
Ray How long have you worked for CHT???[I have read over CHT website and followed the enormous amount of energy jayjay has spent trying to diminish CHT claims. Sure I’m skeptical of these claims and had hoped to find folks that have tried CHT with success. I’m also one that wants to unload my deeded fixed week 3BR lock off unit with Westgate Lakes. However, post after post it seems that rather than help the reader by commenting on things that are helpful, I read jayjay’s posts pointing out things that don’t match the process listed by CHT and his website. It would be far more helpful to stick to the facts stated and rebuttal only those so that folks can make better decisions. I could care less about the tax write-off… Here is what I have read and what I’m looking for “constructive” feedback The closing companies CHT lists are indeed rated A with BBB.org. If the money is not handed over until the deed is transferred than how is one “out the money”? If the deed is not transferred then the money is returned. One can use their own closing company if desired. I keep reading repeated posts from jayjay that you would be out the money but have missed how if no money is given up front. If closing company does not transfer then money until the deed is transferred then am I not protected? I also keep reading that CHT holds onto the property for 36 months allowing the property to default. If at closing time (36 months prior) I am legally released from the deed, then why would I care? So long as I’m released from the deed. I have read not one person state that they have tried CHT and have been taken. I’ve not found one mention on the web that CHT has scammed them. What would be helpful is if someone could point to any article that one has been scammed. Until then, I simply feel jayjay is being opinionated with no evidence. Having said this it would be even more helpful if I could find ANY positive referenced that someone has used CHT with success and can back his claims that the deed was indeed recorded out of his name before the next tax bill came. I would have no problems using CHT if this were made available. I’m watching garym480 closely and if he’s successful I plan to see if he’ll allow me to call him directly with some suggestions that would prove his claim. Mainly to eliminate if he’s indeed not just a DRk14's alias. (no offence garym480, I’m just being skeptical but truly appreciate your offing positive feedback as this is hard to come by) If garym480’s successful, I too will start the process and list my feedback here… good or bad. Ray[/Q]
Tam M.
lorip237 wrote:You know, I have read all of this that you have posted- but when good people that have worked hard their entire lives become elderly and can't travel anymore want to get out of these "great" deals- they can't! They are stuck! In my opinion these "Time-Shares" are the scam! My mother thought that she could bank her time and go to wonderful places when she purchased these places. She never got what, when and where she wanted. She paid fees each year to up keep the places, fees to bank the time, fees to use the places- oh my gosh!! I can rent a wonderful place whereever, whenever and however I want for the same price and I didn't pay thousands up front to do this! Now you are bad mouthing these people for wanting out of these so called great deals and if they were worth anything we wouldn't be having this discussion- as people can't even GIVE away these timeshares!!! And if you think they are so worth something- my mother has two- A blue -green and a Wyndham- completly paid up and we will GIVE it to you for FREE!! Now STEP UP!!!!! Or- Shut UP!
You need to post them in Redweek's Bargain Basement.
And yes, it's disgusting the lies many timeshare salespeople tell at presentations .... that's why it is SO IMPORTANT to do your own due diligence before even attempting to buy a timeshare (many times paying in the thousands of dollars). For instance, some tell prospective clients that they can exchange (if they buy) to anyplace in the entire world anytime they choose ..... this is just one of their outright lies, however the timeshare industry is not regulated by the federal government so they can get away with the lies. What I am surprised at is that ARDA (American Resort Developer Association) does not set some sort of guidelines.
R P.
Last edited by jayjay on Oct 25, 2012 07:50 AM
I have distinctly answered your question below ..... why do you keep copying and posting the same info:
"UNLOAD" is your keyword here .... so in other words you try to "UNLOAD" any ownership of whatever you may tire of (ie: car, boat, house, etc). When you bought your timeshare you signed a legally bindingl contract. In doing so you are legally responsible for all future fees regarding that purchase until you sell it or give it away. If you no longer want or can use your timeshare then the proper thing to do is offer to give it away paying closing costs and maintenance fees for the current year.
A 3 bedroom at ultra-nice Westgates Lakes shouldn't be hard to give away .... someone posted some photos of that resort recently on another forum and they were awesome.
If I were just now getting into traveling, I would take some of these free timeshares in a NY minute that someone paid thousands of dollars to a developer when they bought originally. The only cost to the new buyer would be annual maintenance fees. This is a win-win situation for newly retired people and people with families that like to travel and stay in luxury accomodations such as your 3 bedroom Westgate Lakes ownership".
R P.
If you're speaking of placing a Redweek ad then go to 'Sell or Rent Your Timeshare' above.
As far as coming up with a price for a 2-2-3 at the Manhattan Club, that's anybody's guess .... as you can see in Redweek's Manhattan Club ads ..... they're all over the place.
R P.