Berkley Vacation Resorts, Inc

[Easyrider4063]

Pulling my head out of the sand once again to try and address my poor choice of buying and paying Cash in full for my Time Share at Weston Fl.
I have not been ever able to make a reservation last time there was 2018. My maintance fees are over due and like has happened many a caller trying to talk me into how they can get me out of it for a fee of course. This has about put me over the edge, at 77 I do not want my kids to have to deal with this mess. Any solid helpful sulloutions would be most helpful. The Client Protection Group is the latest one.
Will the state of Florida be of any help.
Brad

 

[TUGBrian]

1. your kids are not going to be stuck with your timeshare unless you have somehow already added them as owners.

2. noone who calls you about your timeshare is legitimate, period.

3. you have the same 3 options to exit your timeshare: deedback, find a willing taker, or default.

How do I Get Rid of or Exit My Timeshare | Effective Solutions for Owners

How to Get Rid of a Timeshare | Discover All Valid Timeshare Exit Options for Owners and Avoid Scams | Free Solutions from Timeshare Users Group

tug2.net

we dont show you have ever posted a listing in the marketplace to make your timeshare available to anyone who might want to take it off your hands.

have you tried to contact the resort to see if you could surrender it back due to your age?

 

[callwill]

Pulling my head out of the sand once again to try and address my poor choice of buying and paying Cash in full for my Time Share at Weston Fl.
I have not been ever able to make a reservation last time there was 2018. My maintance fees are over due and like has happened many a caller trying to talk me into how they can get me out of it for a fee of course. This has about put me over the edge, at 77 I do not want my kids to have to deal with this mess. Any solid helpful sulloutions would be most helpful. The Client Protection Group is the latest one.
Will the state of Florida be of any help.
Brad

Awesome advice and questions posted by TUGBrian. I see you have stated it was paid in full. Try giving it away here on TUG and also contact the resort and ask about a deed back. If they are not interested in the deedback do you care if they report you to a credit agency? Do you live in florida?

 

[Easyrider4063]

The credit agency reports are all very good high scores. No I'm Upstate NY, does that make a difference?
I'm only behind on the maintenance .

 

[theo]

It is rare for there to be any negative credit report consequences when only unpaid maintenance fees are involved in on a fully paid timeshare ownership (i.e., when there is no outstanding loan balance involved). That’s generally true even after a foreclosure. Defaulting on a loan is of course a different matter.

Your state of residency is not a factor. Whether non-judicial foreclosure is an option differs among individual states. Florida, where your particular timeshare is reportedly located, does allow the more simple non-judicial foreclosures.

P.S. I assume that your Weston timeshare is a Vacation Village property? If so, don’t be surprised if future correspondence you receive is from “Vacatia”, the entity that recently bought out Berkley Group. Not relevant to your situation, other than you maybe seeing an unfamiliar name on future correspondence. Just mentioning that little item of nearly useless trivia, fwiw.

 

[chriskre]

Let it go.
They won't do anything to you except call you and send you threatening letters.
In about 5 years you'll get a foreclosure notice in the mail and it will all disappear.
Go on with your life and stop worrying about it.

If you don't have a mortgage then nothing will happen to your credit.
I've let my Berkley group TS go and nothing happened so speaking from experience.
They won't take it back so you gotta force them to do it.
It's a shame that they won't take it back but it is what it is.

 

[callwill]

It is rare for there to be any negative credit report consequences when only unpaid maintenance fees are involved in on a fully paid timeshare ownership (i.e., when there is no outstanding loan balance involved). That’s generally true even after a foreclosure. Defaulting on a loan is of course a different matter.

Your state of residency is not a factor. Whether non-judicial foreclosure is an option differs among individual states. Florida, where your particular timeshare is reportedly located, does allow the more simple non-judicial foreclosures.

P.S. I assume that your Weston timeshare is a Vacation Village property? If so, don’t be surprised if future correspondence you receive is from “Vacatia”, the entity that recently bought out Berkley Group. Not relevant to your situation, other than you maybe seeing an unfamiliar name on future correspondence. Just mentioning that little item of nearly useless trivia, fwiw.

Its a factor if he passes away while still owning (something he stated he wanted to avoid). He lives in a different state and it will require ancillary probate in florida.