- Timeshare Discussion Forums
- Buying, Renting, and Selling Timeshares
- My timeshare is paid in full, but I...
My timeshare is paid in full, but I just don't want it anymore
Hi Deborah!
We are very sorry that you feel that our Full Service Resale option is a scam, but we did want to take the time to reply to you again. As we have previously advised, we're not affiliated with any timeshare company, including Diamond and are not receiving any kickbacks of any kind. They simply recommend us because they know that we're a reputable company and do not charge large fees upfront, like other companies do. Also unlike other companies, we will never guarantee that a timeshare will successfully sell, however priced competitively, we always home that it will sell sooner, rather than later.
I checked your account and show that you paid RedWeek $143.99, which was $125 for your Full Service Resale posting, plus a RedWeek membership fee of $18.99. You stated that you paid us $300, so if you believe that you were charged more than $143.99 by RedWeek, please contact our Customer Service team and we can certainly look in to the matter. As a reminder, the $50 estoppel fee was charged by Diamond Resorts and not RedWeek.com.
We'd like to reiterate that there are a very large number of Diamond point owners who are also trying to give their ownerships away, so the market is quite saturated. It's not uncommon to see owners having difficulty giving away their ownership interest, but we do understand just how disappointing the lack of interest can be.
deborahr363 wrote:I too no longer want my Diamond Interval points (3500) based out of Hawaii but tradable anywhere, I have paid up maintenance fees ($1100) and placed it on sale (for $1) at Redweek (on advise of Diamond and at a cost of $300) , did this last October 2018... These points are so flipping valuable (eye roll) I can't even give them away, unless of course Redweek is in bed with kickbacks from Diamond, advising people to use their 'for fee' service to sell for you...and I got scammed? I smell a rat.
RedWeek Support
RedWeek.com
Stay away from any business with Marriott. I was offered a deal on a timeshare Gold week in St. Thomas (Frenchman’s Cove). If I bought within 24 hours they would give me a 20% discount. This would reduce the price from $40,000 to $32,000 dollars. Jeff the salesman said Marriott would support the value for my purchase by using their “right of first refusal” (RFO) fo prevent their timeshare from selling below the price I paid. I signed the contract and then exercised my right of recission to exit the contract within the grace period. I calculated the break even point on my investment plus maintenance fees as longer than my own life expectancy. And I saw the same timeshare at Marriott’s Frenchman’s Cove for sale on E-Bay for $8,000. I fully expected Marriott to exercise their RFO and prevent me from buying the property at a 75% discount. That never happened. I completed the purchase transaction, buying the property from the owner. I paid for Title insurance and transaction fees which brought my cost basis up to almost $10,000. Later II learned that Marriott considered this is “Gray” market transaction. The right of the prior owner to exchange his week within Marriott MVC system did not transfer with the sale. During original sales presentation by Jeff, I was told I could sell my property with full rights and privileges.. I was paying about $1500/ yr in maintenance fees (MF). After three years of using the property each December, I was again scheduled to use the property in Dec until the property was closed for repairs from hurricane damage. I had paid my maintanence fees in January. Marriott made no effort to compensate or reimburse me for my maintenance fees since I did not have access to the resort. The costs of lost use should have been fairly distributed among all the owners. Marriott made no effort to do so. I lost a year of use, arguing with Marriott MVC customer service about my loss of use and refused to pay the next years fees until it was resolved. MVC hired an attorney and threatened me with default. Legal defense would have exceeded the fees owed. I lost a year of use to Marriotts closure and another year seeking a just resolution. The maintenance fees have jumped to nearly $2500 which were paid this year. I called in May 2019 to book my December 2019 vacation slot. I was told all the available spaces were booked. Marriott Vacation Club (MVC) told me to trade my time to Interval. I called Interval, which required an approximately $100 membership fee and reservation slot confirmation number at Marriott to trade. Since I could not make a reservation at Marriott, I had nothing to trade. I can rent the rooms at Frenchman’s Cove for the same week they will not let me reserve. MVC customer service reps claim those weeks are from other owners who have turned in their weeks for Marriott to rent.weeks to non-owners. It is opaque which weeks offered for rent are owned by deeded owners and which are owned by Marriott and. maximize their profit at timeshare owners’ expense. Granted, I should have called anheduled my earlier. Likewise as a courtesy to owners, our management team should have sent a notice out, informing owners that a deadline was approaching after which Marriott was going to confiscate the owners right to use their week. I will ask our Board for a report from management on the weekly number and which weeks Marriott rented vacation residents to non-owners. Buyer beware of sharing bed rights with an owner unfriendly multi-national corporation.
Brett A.
Last edited by bretta43 on Jul 21, 2019 12:22 AM
Does anyone have any experience with ARI Holiday Network? My wife and her Ex "purchased" a membership back in '92 and according to the paperwork I have, the Promissory Note has been paid off. We've used it a spattering over the past few years, but are looking for a way out. I do recall the Ex not making the maintenance payments about 10 years ago and my wife received threats of going to collections, but now I'm wondering if those were empty threats. Thoughts?
Brian L.
SCAM !!! NEVER pay anyone money upfront that claims they can get you out of your contract !!! All they want is that HUGE upfront payment and then they will keep putting you off until they finally stop taking your phone calls and answering your emails .
Ask yourself who are these people asking for a HUGE upfront payment ? What are their real names and criminal records . Sounds completely different when you look at sending " someone you heard about on the internet " thousands of dollars of your hard earned money .
Don P.
Last edited by donp196 on Oct 03, 2019 12:27 PM
lancec13 wrote:af87 wrote:I know from experience for $3800 they will cancel the contract.Since it is just a membership, why pay $3800 to cancel the contract. Just stop paying and they will likely terminate the contract.
That’s what I’m asking - can I just stop paying? I wasn’t around when it was purchased so I don’t know if it’s just a membership or not.
Brian L.
henryd30 wrote:I HAVE A TIMESHARE IN CABO SAN LUCAS THAT I WOULD LIKE TO SELL. IT IS AT DREAMS IN LOS CABOS. CAN YOU FORWARD ME ANY INFO ABOUT SELLING IT THRU THIS GOVERNMENT AGENCY. ARE THEY LEGIT?
What is the name of this government agency? How did you come to know of this agency? Since you unit is in CSL, it likely has zero resale value. Don't fall for any tricks where a company is telling you that it can sell your unit for tens of thousands of dollars.
Lance C.
I previously posted my timeshare management company wanted $2,500 to cancel out my ownership. I am happy to report I actually sold the unit on ebay for $1. I had to pay all of the escrow, title, resort fees, etc that totaled $700, but that was way better than the $2,500 the resort wanted. I used the 1st American escrow services advertising on this site. Thank god this is behind me and best of luck to all of you.
James B.
And you didn't have to get scammed by the up front money companies . I got rid of two timeshares in 2011 through deed backs . I'm glad you shared your experience in the forum . Your method worked great and I agree that it's a small price to pay to be rid of the forever increasing maintenance fees and assessments .
I just got back from a week up on Long Island . I rented and airbnb for a whole lot less money than I would have paid for a timeshare and I'm not obligated to pay annual maintenance fees . I have a feeling the timeshare industry is going to take a nose dive with competition from airbnb and other companies cutting into their profits .
Don P.
Last edited by donp196 on Oct 29, 2019 01:50 PM
trishap37 wrote:My Wyndham time share in Las Vegas is paid in n full but we have decided that it's not beneficial to us any longer and we want to get out of our contract or sell it. Does anyone have any suggestions?
The first and foremost rule is to never ever pay anyone a large, upfront fee to sell or cancel your timeshare as that is almost always a scam.
If you just want to get rid of it, you can try contacting the resort and ask that they take it back. The fact that everything is paid up to date is a good start.
Lance C.
I have a paid off timeshare with Wyndham. Mt fees are current. I want out. Does anyone have a sample letter they have written to the timeshare company about giving it back? I tried calling many times and nothing. They told me I didn't qualify for ovations. I don't want to spend the money for an attorney if I can do this myself. I agree with Don P about not paying upfront or paying anyone for that matter if I can do myself. Any help would be appreciated. Sample letter or how to word it would be helpful and then who do I send it to. Wyndham has so many different departments. Thanks in advance
James
Hi Don P. I have a paid off timeshare with Wyndham. It looks like you are knowledgeable about how timeshare works and also have gotten out of some yourself. My fees are up to date and I want out. Do you have a sample letter you have used in the past. Like a demand letter? Any advice or suggestions would be great. I don't want to pay an attorney or exit firm if I can do this myself. Thanks
James