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can I just abandon it?

M

Marty in DC

TUG Member
Joined
Jan 7, 2006
Messages
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Location
Washington, DC
Hi everyone,
I have a timeshare in Puerto Vallarta. I tried selling it, but was unable to find a buyer. Now, I'm staring at a $700 maintenance bill for 2007. Can I simply not pay the fee, and abandon this thing? What are the ramifications? I would think that the resort would love people like me, so they can get the unit back, but I don't want to find a lawsuit on my hands. Any advice is welcome.

Marty in DC
 
Marty,
They don't want your unit back, they have many others to sell. They would much rather have your $700.! The worst they can do is enter negative credit info in your credit files. They won't sue you.
 
Have you tried selling it on ebay? If you don't owe anything other MF's and just want to get rid of it, start the auction at $1. Then you would only be out the ebay fees and maybe the bidding would put some $ in your pocket. I'm curious what resort you own, but I guess if you named it, it could be considered an advertisement. I don't need another TS in PV, but would be interested in what resort you own and can't get rid of. Please email me if you don't mind.
 
Generally if the resort doesn't want the unit back (and most don't) They will go after you when your MF get way behind. If they foreclose, they can often sue for attorney fees which makes suing you a better option for them than taking the unit back. Find someone who will take it from you if you can.

There is a classified section here on TUG were you can advertise super low cost TS. link You can try and get rid of it there.
 
Can they sue you internationally or submit a negative credit report, since the resort is in Mexico?

I don't have no plan to walk away from my TS. I still enjoy them. If I do in the future, can my resorts in Arizona, North Carolina and South Carolina sue me in Ontario, Canada or place a bad credit record against me? Just curious and please forgive my ignorance.
 
Sometimes ebay timeshares that start at a $1.00 do not do well because people think that there is something wrong with it. I would start at $49 myself. I would also look at a lot of ebay ads and spend time with yours and include attractive pictures. If you have gotten good trades with your timeshare put that in your ad as well. I would also list it starting at 49 on bidshares and extoll the virtures of the timeshare to your audience which likely will be new timeshare owners. I would also pay the maintenance fee and try to get a top week reserved. That will make a difference in the sale. (Indicate in your ad that the new owner can take possession in 2007 by reimbursing the maintenance fee or in 2008 without paying the maintenance fee.) Alternatively, explore other trading companies such as HTSE and DAE to see if a trade would help you enjoy it more. Funtime
 
Hi Peel,

If you read the fine print of the contracts, they will often say that they are covered by the laws of X state and that you agree that all litigation would happen in X state.

So many mexican timeshares will actually sue you and obtain a judgement in the USA.

And yes, that judgement will appear on your credit report if they notify the big three credit reporting co's which have worldwide operations.

John
 
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