The use of Maint. fees to hold T.S. Owners Hostage

[ronparise]

Cindy - It is not the same as a deedback from a living person. IF the BOD refuses the inheritance, and so do the other heirs, then that puts the BOD in the position of having to pay money to turn around and reclaim it, which doesn't make any sense. An effective BOD will realize it is cheaper and cleaner to accept the inheritance, than to let it go back to the heirs who will refuse it, and then it will be more expensive for them to take it back so it can be resold.

Of course I consider this a last resort. The ideal solution is for the owner to dispose of unwanted timeshares legally and ethically, before they die...

It is exactly the same as a deedback from a living person...If a poa refuses it either before or after I die, they will have expenses, ...And I come to the same conclusion as you...it dosent make sense

 

[DeniseM]

Back on topic, please folks...

 

[DeniseM]

It is exactly the same as a deedback from a living person...If a poa refuses it either before or after I die, they will have expenses, ...And I come to the same conclusion as you...it dosent make sense

No it isn't the same - If a living person does a deedback and the resort refuses it, the deed comes back to the owner and the living owner continues to be 100% responsible for it.

If a dead owner leaves it to the resort, the deed comes back to the estate, where the other heirs can refuse it, and then the deed is in limbo.

 

[csxjohn]

I guess all of you who are Timeshare Owners know about Maintenance Fees. What I'm trying to find out is if there is anyone out there who can tell me where is it written in the Contract that we can be held Liable to pay for the Maint. Fees for the rest of our lifes including our Chilren's lives and etc. All I remember hearing when we bought it was what a great investment we were making buying this Timeshare.

Now that I'm much older and we no longer can travel and our children are all gone it appears to me a lot of us have been had and we are trapped in this Annual Fee scheme. Can anyone tell me why this is happening and what can be done to stop it?

Please tell us what and where you own and we might be able to be more specific in the ways we might be able to help you.

Send me a private message if you'd like and we can talk about what you might want to talk about.

 

[MommaBear]

Now that I'm much older and we no longer can travel and our children are all gone it appears to me a lot of us have been had and we are trapped in this Annual Fee scheme. Can anyone tell me why this is happening and what can be done to stop it?

If you feel trapped by your TS, maybe it is time to divest yourself of it. There are many threads on this board on how to do exactly that. See the post by AwayWeGo.

There are many costs in my life over which I have no control: income taxes, real estate taxes, gas, oil, food, healthcare. The difference between these and my timeshare costs is that I have to have these things to live and TSs are a luxury.

If you are looking for concrete ways to get rid of this burden, ask for help. If you are just looking to vent, vent away!

 

[rickandcindy23]

Please tell us what and where you own and we might be able to be more specific in the ways we might be able to help you.

Send me a private message if you'd like and we can talk about what you might want to talk about.

That would be good info to know.