Any way to dump a Hilton Timeshare?

[1Kflyerguy]

The fact that loan is with HVC should be good. That means its mortgage secured by the timeshare. I believe if you fail to pay, their recourse would be to foreclose on the timeshare, they would not have a means to take the house or assets like your relative claimed.

At this point i think your best bet is to try and stop the ACH drafts, by the means posted above. Not certain but you might actually be able to get HVC to stop making the drafts if you indicated you wanted to pay a different way, i.e. credit card or something else. But they are certainly less motivated to help.

Unless you have power or attorney, you might have difficulty getting the bank or HGV to take any action based on direction from you. Actually even with a POA it can be challenging. When my mother moved into a facility i had a lot of trouble with basic services like cable, electric utility etc taking direction from me.

 

[PigsDad]

Have you tried calling HGV to see if they can tell you the details of the automatic payments that are being taken out, and how to stop them?

Kurt

 

[SmithOp]

You might ask to change auto billing to a credit card, then cancel the card. That would protect the bank account with the VA deposits.

I'm surprised VA would not let you change deposit accounts, it's possible with SS deposit.

 

[brial05]

This is a sad story, but Hilton are not completely to blame here to be honest.

My parents are of the same age, we've had to 'step in' and watch over things for the last ten years or so but we never deemed any of the actions my parents did a mistake or thought of it in a manner in which they were dupped, as that is just playing Monday morning QB.

I do hope they got some use out of it, but if they did not, I do not feel that blame should be associated to anyone including Hilton.
Right before we started looking into what my parents were doing they bought a 23' Travel Trailer suddenly one day, it was expensive. They towed it to their house, backed it crookedly into the driveway and it sat there four years unmoved.
We still own that thing to this day paying monthly for storage, I certainly don't blame Jayco.

You never mentioned what they own on BLVD, I own BLVD, based on what you are saying, I hope it is at least a 2BDR Platinum, perhaps a three, if so, you might be able to get out for a few k out of your pocket.

BLVD units have the cheapest maint. ... so a Platinum 2 or 3 bedroom even in resale is not just pennies.
Do the homework to see what they own and what that is selling for today.

a.) Stop the payments
b.) Do not pay the maintenance
c.) Contact Hilton and tell them you are not going to pay and that you are willing to return the property back for free

 

[aland0524]

You'll need to steel yourself and your dad for the following once you halt the automatic deduction from your dad's bank account:
- Hilton will indeed foreclose on the timeshare - you don't care if they do.
- Hilton will likely try to claw back the amount ($12,000 you say?) that is still owed. This is just SOP for any organization that has "debt" on their books. They will likely threaten via letters regarding taking "legal" action to get this debt paid. You dad can ignore this as you indicate he seems to be prepared to do so.
- After a certain period of time (maybe a year or 6 months), Hilton will likely then "sell" this debt to a Collection Agency. As you may know, these scumbags are truly vicious and will likely hound the person - via phone, via letter, etc. But they play a numbers game and try to prey on the "weak" or whoever they can frighten into paying. You should prepare your dad to ignore the same people, no matter how threatening they can become. (Another tactic is for somebody who sounds really nice over the phone to try to win over your dad's confidence and sweet him into paying the debt. I ran a home equity business and our best collectors were those that put themselves in the shoes of the debtor...and be a friend vs an adversary. It's a great tactic...but still a tactic. for example, the collector might learn that your dad's house is completely paid off and will try to convince your dad to take a home equity loan to pay off the debt...!)
- Consult a lawyer but Hilton can't access your dad's estate if this was a regular timeshare purchase as the loan was specific to the timeshare asset only, not to any other assets (like your dad's home). But any large company that is trying to manage profit and loss will always try to aggressively "manage" their debt portfolio and will push the limits of what they can do...and also rely on the fact that the debtor doesn't really know the law and can sometimes be frightened into believing something that isn't really true.
Anyway, good luck...

 

[mcdanielpj]

Yes he's had the same bank account so I believe you are correct here.

So today we figured out that the payment is withdrawn from my parents California Bank of America account (that's where they lived, then retired to Nevada but still have a California-based B of A account). The only reason they kept that account is because that's where the VA deposits my dads VA check every month and the VA won't let them change accounts. Everything else is done out their Nevada accounts. So tomorrow my dad is going to the bank to try to put a stop payment on these automatic withdrawals and then start calling the Hilton folks to plead with them to just take this damn thing back! Worst case scenario, the bank can't help. So we will transfer the $ from the CA bank account to the NV bank account Thursday night & then the ACH payment will fail. Then on the first of the month when the VA deposit hits we will immediately transfer it out.

Every time they were close to paying off a timeshare they were conned in to buying at another property!!!

So yes my dad has a house, it's paid off. It's in the family trust. I suppose if Hilton gets aggressive here, before it comes to being sued, we will transfer assets out of dads name. He is willing to do that. He doesn't want to pay for this thing anymore and doesn't care about the credit hit but he doesn't want to get sued either.

The VA will let him change his bank account. It’s just a bit of a hassle. https://www.va.gov/change-direct-deposit/

 

[Missjen831]

The VA will let him change his bank account. It’s just a bit of a hassle. https://www.va.gov/change-direct-deposit/

Thank you! My parents tried a long time ago with no success so we'll try again!

 

[Missjen831]

You'll need to steel yourself and your dad for the following once you halt the automatic deduction from your dad's bank account:
- Hilton will indeed foreclose on the timeshare - you don't care if they do.
- Hilton will likely try to claw back the amount ($12,000 you say?) that is still owed. This is just SOP for any organization that has "debt" on their books. They will likely threaten via letters regarding taking "legal" action to get this debt paid. You dad can ignore this as you indicate he seems to be prepared to do so.
- After a certain period of time (maybe a year or 6 months), Hilton will likely then "sell" this debt to a Collection Agency. As you may know, these scumbags are truly vicious and will likely hound the person - via phone, via letter, etc. But they play a numbers game and try to prey on the "weak" or whoever they can frighten into paying. You should prepare your dad to ignore the same people, no matter how threatening they can become. (Another tactic is for somebody who sounds really nice over the phone to try to win over your dad's confidence and sweet him into paying the debt. I ran a home equity business and our best collectors were those that put themselves in the shoes of the debtor...and be a friend vs an adversary. It's a great tactic...but still a tactic. for example, the collector might learn that your dad's house is completely paid off and will try to convince your dad to take a home equity loan to pay off the debt...!)
- Consult a lawyer but Hilton can't access your dad's estate if this was a regular timeshare purchase as the loan was specific to the timeshare asset only, not to any other assets (like your dad's home). But any large company that is trying to manage profit and loss will always try to aggressively "manage" their debt portfolio and will push the limits of what they can do...and also rely on the fact that the debtor doesn't really know the law and can sometimes be frightened into believing something that isn't really true.
Anyway, good luck...

Thank you for this! Yes the loan is for the timeshare and nothing else. It's a regular time share purchase .

 

[funnywoman]

I am so sorry to hear this. I would definitely contact Hilton and explain situation. But, given that there is a mortgage, I doubt HGVC will just "take back" the deed. Below is from an attorney website re. NV foreclosures. If your father has assets, it is (unfortunately) something to consider. The balance of foreclosure would likely also include attorney fees for the timeshare. So, in theory, it could be more than just a credit hit.
In Nevada, foreclosures on timeshare mortgages can be either judicial or nonjudicial. Nevadan law does not really have any special provisions for timeshare mortgages. Nevada’s anti-deficiency judgement laws do not apply to timeshares. This means that owners can still be on the hook for thousands of dollars after defaulting on the timeshare mortgage.

Yes, judicial foreclosures do occur in NV. But usually NV foreclosures are non-judicial (without court proceedings). If the deed of trust has a power of sale, a trustee (generally a title company) conducts the foreclosure sale. It would be good to find out if Hilton is aggressive in getting deficiency judgments. Maybe someone here knows where to find that information out. Perhaps another TUG forum?

I am so sorry to hear this. I would definitely contact Hilton and explain situation. But, given that there is a mortgage, I doubt HGVC will just "take back" the deed. Below is from an attorney website re. NV foreclosures. If your father has assets, it is (unfortunately) something to consider. The balance of foreclosure would likely also include attorney fees for the timeshare. So, in theory, it could be more than just a credit hit.
In Nevada, foreclosures on timeshare mortgages can be either judicial or nonjudicial. Nevadan law does not really have any special provisions for timeshare mortgages. Nevada’s anti-deficiency judgement laws do not apply to timeshares. This means that owners can still be on the hook for thousands of dollars after defaulting on the timeshare mortgage.

 

[funnywoman]

I am so sorry to hear this. I would definitely contact Hilton and explain situation. But, given that there is a mortgage, I doubt HGVC will just "take back" the deed. Below is from an attorney website re. NV foreclosures. If your father has assets, it is (unfortunately) something to consider. The balance of foreclosure would likely also include attorney fees for the timeshare. So, in theory, it could be more than just a credit hit.
In Nevada, foreclosures on timeshare mortgages can be either judicial or nonjudicial. Nevadan law does not really have any special provisions for timeshare mortgages. Nevada’s anti-deficiency judgement laws do not apply to timeshares. This means that owners can still be on the hook for thousands of dollars after defaulting on the timeshare mortgage.

Yes, judicial foreclosures do occur in NV. But usually NV foreclosures are non-judicial (without court proceedings). If the deed of trust has a power of sale, a trustee (generally a title company) conducts the foreclosure sale. It would be good to find out if Hilton is aggressive in getting deficiency judgments. Maybe someone here knows where to find that information out. Perhaps another TUG forum?

A Tugger reported here years ago that Hilton took back his timeshare even though he still owed money on it. I think it was in Vegas and probably a platinum deed. I don't remember if the loan was from Hilton or not. No idea if Hilton would consider doing the same thing now, but it's at least worth talking to someone there. I don't know who to get in touch with or what the phone number is, but hopefully, someone can post that info here.

I read about a program called Transitions on another TUG forum: Forums/Timeshare Resort Systems/Diamond Resorts/Hilton Vacation Club. Some people report success with giving back their T/S to Hilton. One person said to contact Transitions@hgvc.com or 855-342-3689.

 

[Missjen831]

Bank of America was no help. I knew it. I've been dealing with them trying to get the money my mom left my kids in a savings account with me as Payable on death beneficiary and they are making me go through all sorts of hoops!!!
Anyway my brother took my dad to the bank this morning and they told him they can't stop the automatic payment! That my dad authorized it. They suggested he contact the fraud unit!!! So I gave him a link to the consumer financial protection bureau website about stopping automatic payments, tomorrow they will go back to b of a and try again. If they still won't help, we'll file a regulatory complaint and drain the bank account.

My mom tried changing the account the VA check goes to a long time ago and couldn't get it done. I don't know why. But my brother and I will help dad get it moved to the Nevada account asap.

I know my parents to blame. This isn't the first time they've made bad financial decisions. It just sucks because they are the naive suckers that the timeshare folks prey on! We had no way to stop this. Each time they bought a new time share, we found out after it was already said and done! Prior to buying at the boulevard, their loan was almost paid off, then they got suckered into transferring to the boulevard and taking out another $28,000 loan!!! They used points to take a 3 day cruise to Mexico 1 year. They used RCI points to visit me in California multiple times. We used the timeshare as a family in 2016 to go to Disneyland. And my parents used it to go to Vegas for 3-4 days less than 10 times since 1997. So they didn't get their money's worth. But this is all on them.

I believe they have a 1 bedroom. I can't fjnd any info online and I left the paperwork at my parents house last summer when my mom died. On the Hilton website it says they are silver members. I can't remember if they have 1 or 2 weeks each year. The Hilton dashboard says they have no 0 points. The maintenance fees due now are $1200.

 

[Missjen831]

We do have POA for dad. My brother is first POA since he lives in nevada and takes care of my dad. I'm 2nd POA. So my brother can talk to the folks at Hilton. Thank you all so much! There is so much valuable information on my thread, this doesn't feel like a hopeless situation anymore. There are a lot avenues to try here. I can't thank you guys enough!! I'd buy the dang thing myself but it just doesn't work for my family's needs. My oldest plays travel softball so we need something we can use 2-4 weekends a month and this time share ain't it. My parents RCI points got us 1 night at an embassy suites last summer. So this would be a waste of money for us.

 

[jehb2]

He doesn't need good credit anymore

No, your dad still needs good credit. My mother is in her 80’s and lives in a nice senior high rise building. Everybody there lives independently and owns their own condo.

When we were looking at all kinds of living alternatives for my mom one thing became clear. Everybody wanted a good credit history because everybody wants to make sure they are going to get paid. There are places that didn’t require a good credit rating and they smelled like pee. I’m not kidding. I’m guessing your dad still lives in his own home right now, but you don’t know what kind of living situation he might require in the near future.

That said, I would close out the account and open another one and take the hit. Why, I think the money it takes to pay off the loan balance is more damaging to your dad’s total financial picture then the hit to his credit rating.

 

[Missjen831]

If it gets to the point where we can't care for my dad at home and he needs long term care, the VA will cover it, he's a Vietnam veteran with 100% service connected disability rating. We went through this with my late FIL who was also a Vietnam veteran. My parents also did full estate planning in 2016 so if he needs Medicaid, everything has already been put in to a trust and he can pass the 5 year lookback but Medicaid wouldn't ever be needed because the VA pays for everything right now.

 

[jehb2]

Since your dad’s a senior citizen, retired, and a veteran whose wife has passed, how about getting the news media involved.

 

[Missjen831]

Update! So my dad has officially missed 1 mortgage payment to these people and this morning he got a phone call from "Cory" from J&S associates calling to set up an appointment with "Southwest Deed" for $30, to try to recoup money on behalf of Hilton! Luckily my brother walked in the room just as my dad was starting to give this guy his checking account information!! OMG. J&S associates appears to be some sort of 3rd party scheduler/telemarketer and Southwest Deed is apparently a shady company that claims it can get rid of timeshares but their reviews are terrible and they bilk thousands of dollars out of gullible people who have already lost money to timeshares! One person paid them $23,000! Another paid $3000 and after 2 years still hadn't gotten rid of their timeshare. Seems to me this is just a scam. Also this Cory fool offered to take the payment via venmo or PayPal. My brother said he talked a good talk but unfortunately for Cory, my dad has his children watching him like a hawk! My mom was also naive and gullible and prone to giving bank information to scammers so we aren't new to this. As soon as my dad started to rattle off a number my brother knew something was very wrong and took over the phone call. This just makes me sick! It's bad enough the timeshares prey on you but then you get these 3rd party scammers too??

Still haven't figured out how to get out this time share. I'll be going to NV this summer to take my dad to meet with the estate attorney who prepared my parents trust to see if there's anything else we need to do to settle moms affairs & hopefully he has some advice & can help us shield dads assets from these vultures!

 

[ernststarhemberg]

'Timeshare Exit' companies are a scam. Run far away, disconnect dad's phone if he can't be trusted not to talk to these people when they call. By talking to them he's getting himself into MORE trouble, not less!

 

[TUGBrian]

Update! So my dad has officially missed 1 mortgage payment to these people and this morning he got a phone call from "Cory" from J&S associates calling to set up an appointment with "Southwest Deed" for $30, to try to recoup money on behalf of Hilton! Luckily my brother walked in the room just as my dad was starting to give this guy his checking account information!! OMG. J&S associates appears to be some sort of 3rd party scheduler/telemarketer and Southwest Deed is apparently a shady company that claims it can get rid of timeshares but their reviews are terrible and they bilk thousands of dollars out of gullible people who have already lost money to timeshares! One person paid them $23,000! Another paid $3000 and after 2 years still hadn't gotten rid of their timeshare. Seems to me this is just a scam. Also this Cory fool offered to take the payment via venmo or PayPal. My brother said he talked a good talk but unfortunately for Cory, my dad has his children watching him like a hawk! My mom was also naive and gullible and prone to giving bank information to scammers so we aren't new to this. As soon as my dad started to rattle off a number my brother knew something was very wrong and took over the phone call. This just makes me sick! It's bad enough the timeshares prey on you but then you get these 3rd party scammers too??

Still haven't figured out how to get out this time share. I'll be going to NV this summer to take my dad to meet with the estate attorney who prepared my parents trust to see if there's anything else we need to do to settle moms affairs & hopefully he has some advice & can help us shield dads assets from these vultures!

makes you wonder how they got his information if hes only just recently missed a payment...how would they know the status of his hilton account?

 

[jehb2]

Stay strong.

 

[ABCTravels]

In case you and your brother don't realize this, you are both wonderful children to your parents! I hope my own is as kind to me in old age. I'm rooting for you and hope this nightmare goes away soon!

 

[Juxtapose]

I would think it's a fairly easy process to notify your bank that you no longer approve (insert name of autopay that is pulling funds) and to stop all current and future payments to that entity.

 

[tk25]

My advice would be to pay off the timeshare as quickly as possible. $11,000 not that bad - could be a lot worse. The interest rate is probably very high and hopefully no prepayment penalty. Would call HGV and ask for onetime payoff cash price in writing.
This would be the “cleanest“ solution.
Then the paid off timeshare deeds can be sold or used by owner or his children. Easy to add authorized user on HGV account. Maintenance fees could be paid by whoever uses the points in family.
Finally No more purchases or owner updates.
It is my opinion that all of this talk about not paying, or going into foreclosure, or getting put in to collection is not productive.