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Should I do nothing or contact some company to Exit my Timeshare?

Discussion in 'New to Timesharing? Look Here!' started by rdavis, May 21, 2018.

  1. rdavis

    rdavis Guest

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    I bought a Mexican Timeshare about 20 years ago. It was a hard sell and they convinced me to buy 4 weeks for $18,000. If my memory is correct I think it was something like a 45 to 50 year lease type contract. I have no idea where I put the paperwork so I can't look at the paperwork now. I paid off the original $18,000 but after about 8 years I stopped paying the maintenance fees. I stopped for 2 reasons. One I never used it and Two - every 4 years they said I had to pay an extra maintenance payment to upgrade the unit (new furniture, etc...). The first 4 years I went along.....The 2nd 4 years when they wanted a double payment on the 4th year (one to cover upgrading furniture) I said forget it and stopped paying. I felt they were ripping me off and I never even used the Timeshare.

    So after the first 8 years they would continue for about 3 more years sending me a bill for maintenance fees which I didn't pay (maintenance fee was about $1200 per year at this time for the 4 weeks). Then they stopped sending a bill. So it's been 9 years now I haven't received any maintenance fee bill or any other paperwork from them (and I have not moved). I have not received any threatening letter from my Timeshare Resort saying I owe X Amount of money and if I don't pay such and such will happen. My Timeshare Resort has not sent me anything in the mail for the past 9 years.

    However, I do every year get phone calls and letters from people all over the U.S. claiming they can help me get out of my Timeshare. I have never responded to any of them. A couple phone calls have been nasty threatening legal action if I did not call back. I knew these phone calls were a scam. It was several different Indian guys. The other phone calls just say they can help me get out of my Timeshare. I did not answer any of the phone calls. I probably get 40 phone calls a year and 30 letters a year. However none of them are directly from the Timeshare Resort I bought. Evidently my Timeshare Resort put my Name, Address, and Phone number on a bunch of lists so other people can bug me.

    At this point...I want some advice what I should do now. Should I do nothing and ignore the whole thing or should I contact some company to get me out of the Mexican Timeshare?

    Thanks.
     
  2. bogey21

    bogey21 TUG Member

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    If there is ever the case to let the sleeping dog lie this is it. If you haven't heard from the Resort in 9 years, the probability is probably something close to 100% you won't.

    George
     
  3. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Ignore the whole thing. They have obviously written you off. In Mexico, all you get is a 'right to use' (RTU). No deed. You OWN nothing. So you have nothing to sell. Relax and go get a drink. Oh, and if you ever get the urge to go back to Mexico, go ahead, but I don't think I'd go back to that resort.

    Jim
     
    Xan and TUGBrian like this.
  4. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    The the scam calls have nothing to do with what you own. They are irrelevant. You Mexican timeshare weeks have long been forgotten by the HOA/Developer. They are all behind you.
     
    TUGBrian likes this.
  5. Iggyearl

    Iggyearl TUG Member

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    Your name is on a list. Don't worry about it. They can't come through the phone line. I got 2 calls today regarding how my computer is giving off bad signals to the Windows security team. I have a land line. Part of the new reality.....:shrug:
     
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  6. rdavis

    rdavis Guest

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    Thanks guys for the comments. I just received a phone message from someone who says he has someone interested in buying my Timeshare membership in Mexico at "X" Resort. I replaced the actual name of the Resort with "X". He actually said the correct name of the Resort I have so it makes me feel like the Resort still has me on the books and did not write me off. I have not called this guy back. I imagine if the Resort still has me on the Lease then they would probably make me pay 9 years of unpaid maintenance fees plus penalties before I could transfer the remainder of the Lease to someone else.

    Does anyone have any comments based on this new phone call I just got since this guy referenced my actual Resort?
     
    TUGBrian likes this.
  7. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    It is a scam. I have a buyer who wants to pay 20K (or whatever high numbers) for your timeshare. You said "Yes!". I will then tell you that for the transaction to be completed, there are fees and taxes that have to be paid to the Mexico authorities first and it will be $4K (or whatever arbitrary number), but don't worry, you will get them all back after the transaction is completed. This is a very common scam. Ignore it and get on with your life.

    There are many ways one can find out who owns what, including the folks that sold you the timeshare... it is suspected that they sell client list to scammers.
     
    Last edited: May 22, 2018
    TUGBrian and Egret1986 like this.
  8. Egret1986

    Egret1986 TUG Review Crew: Expert TUG Member

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    Agreed. Scam. I get these calls all the time, even for timeshares that I once owned and no longer own. If you believe that there's a buyer or this person is legit, then you're setting yourself up for a losing proposition. There is no buyer.

    As stated previously, "Ignore it and get on with your life."
     
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  9. rdavis

    rdavis Guest

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    Thanks everyone for your advice. I will follow the advice given and just ignore the whole thing and forget about it !
     
    alwysonvac, Anne&Jim, Xan and 2 others like this.
  10. Egret1986

    Egret1986 TUG Review Crew: Expert TUG Member

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    :D Maybe the best decision you've made all day! :clap:
     
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  11. Karen G

    Karen G Moderator

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    easyrider and VacationForever like this.
  12. DAKOTATEX

    DAKOTATEX Tug Review Crew: Rookie TUG Member

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    Agree with other posts on this matter. We had a paid-for studio with Fiesta Americana for several years. After a few years the 1600 pts were not worth much and the MFs kept going up. I called their office and was told I could send them a letter stopping our membership with them. They tried to charge the MF on a credit card, (twice) but after getting a refund over a 3month period I cancelled the card and never heard from them again. Credit still great!
     
  13. pittle

    pittle TUG Member

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    We have received numerous calls about selling our timeshare and I would always ask which one are they wanting to know about. Generally, it is the very first one that we bought in 1991 and sold in 2005. Once I tell them that, they ask if we have others and I say yes we do, but always go to them - please take us off your list. Of course that does not happen. I have found that the best thing to do is to not answer calls from numbers that you have no idea who is calling. We started doing this a few months ago. If it is important, they will leave a message. :)

    Count your blessings that you have not been harassed by the place you originally purchased. :)
     
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  14. taffy19

    taffy19 TUG Member

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    Same here. I answer with "What is a timeshare" and they hang up right away. Time is money so not waste anymore time.
     
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