Surrender and Mexican Timeshares
Hi All,
We bought two contracts on Ebay for UVC. When we traveled to Loreto, we upgraded to the points membership. It works for us, and we felt the price was fair. This was when they first started selling them, sounds like the sales tactics have changed.
I can confirm the scam about buying your other contracts. We held a deeded ownership in the US, and 2 points memberships in Mexico with other timeshares (inherited from my deceased Mother). They credited us a value for those contracts toward our purchase and told us that we had to use this company to finish getting rid of them. Well, that was a scam. It took a year, but I finally got a refund from my credit card company, I had to wait for deadlines in the contract to pass before I could request a refund. The company never made an attempt to complete the transfer. Every time I called I got another pack of lies.
We went to a company that offered to get rid of our timeshares. The 'attorney' we spoke with said that he could help us with the deeded ownership but that any RTU Mexican timeshare was beyond his help. But, we wouldn't need it, we could just stop paying the maintenance fees and it would disappear. I doubted, but did some research here and other places about this. It was true, we stopped paying the Raintree RTU (kept in my Mom's name). After a year of requests to pay up, they just stopped bothering us. We also had an inherited Grand Mayan, an odd contract that you only paid a MF on when you used it, but it still had the additional MF every 5 years. I get an email once in a while on that one, but that is all. Fairly easy to ignore. Evidently, it is too hard to pursue US Citizens internationally so they just give up and resell it. If you read the RTU contract, it does say that if you fail to pay for it, you lose the right to use after 1 year.
The deeded US timeshare was tougher to get rid of, we finally ended up giving it away to someone in our state through Craigslist. We handled the deed change ourselves and the person paid the transfer fee. We were lucky, they were honorable. This can be a tricky transfer.
I really do love the VDP resorts. The hardest part is to get them to leave you alone about the "presentation" when you visit. Like all of the TS companies out there going to points, they try to sell you on the fact that you can use the points to buy other things. This is such a poor value. If I consider my MFs alone, it represents a 20-50% markup on costs for things like the all inclusive meals, car rental, etc.
LIke all of those presentations, you have to be vigilant about saying no. Go home and find the same ownership on the secondary market. Usually you can pick them up for about 10% of the original price at the developer sales pitch. Thank goodness for TUG, I've learned a great deal from lurking here and reading the experiences and advice of others.