• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

getting rid of a unpaid "residence resort" in Mexico

debbiemarie

newbie
Joined
Nov 13, 2017
Messages
3
Reaction score
0
Points
1
Resorts Owned
Plantation Resort, Myrtle Beach, SC; Vida vacations, Mexico. Tres Rio, Mexico
I would like to get rid of a unpaid residence resort in Mexico. I have paid mega money and still owe mega money. I don't want my credit ruined, however I have stopped payment. I have heard of a ~$1800 fee to be free of the commitment? Is this true and how do I do it, HELP!!











i











i
 

vacationtime1

TUG Review Crew: Veteran
TUG Member
Joined
Sep 7, 2006
Messages
5,159
Reaction score
2,750
Points
649
Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x2 (Scottsdale)
You will receive various opinions about whether not paying this obligation will result in a credit hit, but the advice here will be unanimous: do not to pay the $1,800 upfront fee. No one can let you out of your timeshare contract (except the other party to your timeshare contract). Once whomever has your $1,800, he/she/it/they will disappear and you will still own your timeshare but you will be out $1,800. Guaranteed.
 
Last edited:

T-Dot-Traveller

TUG Member
Joined
Jun 10, 2015
Messages
4,644
Reaction score
3,592
Points
348
Location
Canada
Resorts Owned
Mayan Palace Regency
Taranova
Please give information on what resort / location / type of contract .
you own in Mexico .

Some -can be given away on TUG
must be fully paid .( no loan )
 

pittle

TUG Review Crew
TUG Member
Joined
Jun 7, 2005
Messages
4,034
Reaction score
2,146
Points
599
Location
Goodyear, AZ
Resorts Owned
Vidanta Grand Luxxe
Buganvilias Sky Suites
Pueblo Bonito Em Bay
You need to contact the Customer Service department at your resort and find out how you can get out of it. You will not get any money back, but may be able to to your name off the contract. They can sell it to someone else.
 

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
4,777
Reaction score
2,406
Points
448
Location
British Columbia
I have heard of a ~$1800 fee to be free of the commitment? Is this true and how do I do it, HELP!!

That would depend on to whom you pay the $1800. If it is the resort (or more specifically, the resort's Homeowners' Association) and the fee goes towards closing costs and the next maintenance fee, then that would get ownership back to the HOA (not "dissolve" it). Just make sure that this fee is going to the HOA and that the HOA authorized this transaction.

If the $1800 fee is toward some law firm or so-called "exit" or "relief" company, then no, the $1800 fee will not "dissolve" it. Likely, the company will pull a viking ship move or at best, negotiate with the resort's HOA to take your timeshare back.
 

RussellSun

TUG Member
Joined
Oct 23, 2017
Messages
141
Reaction score
22
Points
78
Who was the timeshare company, how much did you pay and why do you want out?
 
Top