Groupwise?

I was contacted by Groupwise. For almost $2000 they offered to take my Mayan Palace timeshare off my hands. Is this a good idea? I really would like to get out of this timeshare, but that seems like a lot of money to give them something. I'm new to this. Comments?

- Jan

Here are some posts about this company click here

Have you considered listing it for a dollar on ebay and offering a free closing? (total cost, under $500 including ebay fees) It's much cheaper than giving a company with a shady reputation a few thousand dollars. In many of these cases, the companies will take your money and have you sign a marketing agreement (a fancy agreement that lets them try to 'sell' the timeshare for you). When they don't get a buyer (they never do) you are out the money and you're still the owner of the timeshare, so you pay maintenance fees, etc.

Mayan Palace Transfer Fees

My wife and I rented a week at the Mayan Palace near Playa del Carmen and we loved the resort.
I saw a Tugger offering his week there for next to nothing. The reason I didn't buy it from him was a transfer fee of several thousand dollars, if I remember right.
You may want to check your contract and see what the transfer fee is before you try to sell.

Mayan Palace transfers always cause a ton of confusion.. I posted info on this in another forum. I've copied some of it here..

Ownership is transferred via an Assignment of Contract form. Currently, the process takes approx 30-45 days from when the notarized docs are sent to the resort.

The required transfer fee depends on the contract's original purchase date:

Contracts purchased before July 2001 will pay 1 current Maintenance fee as assignment fee.

Contracts purchased between August 1, 2001- November 5, 2005 will pay 10% of the total original purchase price (including equity).

Contracts purchased after November 5, 2005 will pay 5 times the current Maintenance fee.

The Vacation Fair (bonus weeks) usage also causes quite a bit of confusion.. This benefit will transfer on some of the older contracts, but newer contracts no longer allow the bonus weeks to transfer to your buyer.

The full thread is at this link.

http://www.timeshareforums.com/foru...5-mayan-palace-grand-mayan-transfer-info.html


Also- Groupwise is the postcard company owned by Timeshare Title Inc out of Pennsylvania.