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getting rid of a unpaid "residence resort" in Mexico

Discussion in 'Mexico Timesharing' started by debbiemarie, Nov 13, 2017.

  1. debbiemarie

    debbiemarie Guest

    Joined:
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    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!!











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  2. vacationtime1

    vacationtime1 TUG Member

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    Location:
    San Francisco
    Resorts Owned:
    MAW & MKW (Kauai)
    WKORV-OF (Maui)
    WKV x3 (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: Nov 13, 2017
    Iggyearl likes this.
  3. T-Dot-Traveller

    T-Dot-Traveller TUG Member

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    Location:
    Canada
    Resorts Owned:
    Mayan Palace Regency
    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 )
     
  4. pittle

    pittle TUG Member

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    Location:
    Goodyear, AZ
    Resorts Owned:
    Grand Luxxe
    Buganvilias Sky Suites
    Pueblo Bonito Emerald 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.
     
  5. LannyPC

    LannyPC TUG Member

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    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.
     
    rpennisi and TUGBrian like this.
  6. RussellSun

    RussellSun TUG Member

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    Who was the timeshare company, how much did you pay and why do you want out?
     

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