Cancelling my 2008 Wyndham TS [3 identical threads merged]

[FamilyMan1775]

I have been searching to sell my TS completely or to cancel my contract completely. I have trusted and been ripped off. I have now been contacted by Time-Share Answers and offered to get my contract cancelled for about $2,500.00. They claim they can pull a fraudulent contract etc. etc. I'm very skeptical due to my experience and large number of scams that I read about in the blogosphere.
I am going through some rough financial time and I just want out of this. Last time I used any of these services was in 2010. Has anyone out there heard of any successful cancellations or close to what is owed sales?

Any help would be greatly appreciated.

Thank you.

David

 

[Bigrob]

I have been searching to sell my TS completely or to cancel my contract completely. I have trusted and been ripped off. I have now been contacted by Time-Share Answers and offered to get my contract cancelled for about $2,500.00. They claim they can pull a fraudulent contract etc. etc. I'm very skeptical due to my experience and large number of scams that I read about in the blogosphere.
I am going through some rough financial time and I just want out of this. Last time I used any of these services was in 2010. Has anyone our there heard of any successful cancellations or close to what is owed sales?

Any help would be greatly appreciated.

Thank you.

David

I am guessing there is still a balance owed on the timeshare? If not, depending upon what you have, it may have value. If you do owe on it, you can try calling Wyndham regarding the Ovation program, but I am not sure what happens in the case of an unpaid loan balance.

 

[Ty1on]

I have been searching to sell my TS completely or to cancel my contract completely. I have trusted and been ripped off. I have now been contacted by Time-Share Answers and offered to get my contract cancelled for about $2,500.00. They claim they can pull a fraudulent contract etc. etc. I'm very skeptical due to my experience and large number of scams that I read about in the blogosphere.
I am going through some rough financial time and I just want out of this. Last time I used any of these services was in 2010. Has anyone our there heard of any successful cancellations or close to what is owed sales?

Any help would be greatly appreciated.

Thank you.

David

Be skeptical. Please describe your timeshare and how much is owed. If you still owe the mortgage, you are pretty much stuck, unless you have it paid down to the point, and it is a Club Wyndham contract, that has enough value for someone to pay off your loan to take it on. That would have to be in the $10 per thousand points range less 500-600 for transfer..

 

[Ty1on]

Mods, dupe threads, could you please merge them?

Make it three threads. I love a poster who covers all his bases!

 

[Passepartout]

Why not simply give it away? Use the TUG Bargain Deals subforum under the Buying, Selling, Renting forum. Just follow the basic format you see there. Make an ad that shows the home resort in its best light. Perhaps offer to make a reservation for the new owner in a prime or holiday week. Offer to pay closing and transfer costs, or throw in a gift card after closing. Come back every few days at least to freshen the ad and put it at the top of the front page of ads.

Of course this assumes the contract is paid off and maintenance is current. You (nor anyone else) can even give away a timeshare with money owed against it.

Good Luck. We wish you well.

Jim

 

[am1]

A scam. Your options depend on how much left you have left to pay.

I have been searching to sell my TS completely or to cancel my contract completely. I have trusted and been ripped off. I have now been contacted by Time-Share Answers and offered to get my contract cancelled for about $2,500.00. They claim they can pull a fraudulent contract etc. etc. I'm very skeptical due to my experience and large number of scams that I read about in the blogosphere.
I am going through some rough financial time and I just want out of this. Last time I used any of these services was in 2010. Has anyone out there heard of any successful cancellations or close to what is owed sales?

Any help would be greatly appreciated.

Thank you.

David

 

[FamilyMan1775]

I owe about 10K on it.

 

[FamilyMan1775]

I still owe on it.

 

[Ty1on]

I owe about 10K on it.

Sorry man, your option is to go to foreclosure or trudge on.

 

[FamilyMan1775]

I have about 10K left. I have been offered to get it out of my hands for about 2K. Leaving me with the remainder of the 10K to pay off with nothing to show for.

 

[Ty1on]

I have about 10K left. I have been offered to get it out of my hands for about 2K. Leaving me with the remainder of the 10K to pay off with nothing to show for.

They will steal your money. You will pay $2K and still owe your mortgage. Some companies can legitimately give away or even sell your contract IF IT IS PAID OFF, but believe me, no matter what these folks are telling you, they cannot dissolve your mortgage.

 

[FamilyMan1775]

Mods, dupe threads, could you please merge them?

Make it three threads. I love a poster who covers all his bases!

Covering bases due to desperation. Sorry.

David

 

[Ty1on]

Covering bases due to desperation. Sorry.

David

This forum sees its share of desperation. I've observed that TUGgers will help you in any way they can.

 

[FamilyMan1775]

Sorry man, your option is to go to foreclosure or trudge on.

Is foreclosing an option since I still owe on it?

 

[Ty1on]

Is foreclosing an option since I still owe on it?

Foreclosure is always an option. Do you foresee any major credit needs in the next 7 years....house, new car?

BTW you are on Okinawa. Marines, AF, or something else?

 

[Passepartout]

You have very little to show for any timeshare anyway. Your best bet will be to try to give it back to Wyndham. You should write them, claim hardship. Tell them you simply can't/won't pay any more and they are welcome to have it back along with what you've paid.

I see your location is Okinawa. Are you a U.S. resident/citizen? Or Japanese? If U.S., defaulting might do damage to your credit, but if not, I don't think anyone here knows.

Sorry we can't be more helpful. We don't need to tell you (you found out the hard way) that every upfront-fee outfit we've heard of is a scam. You pay them, they disappear, only to set up shop under a different name. Legitimate outfits take their commission out of sales revenue at closing. Wanna be able to tell which ones are scams? Tell every one that contacts you that you'll double their commission, but at closing- not upfront. See them disappear.

 

[FamilyMan1775]

Foreclosure is always an option. Do you foresee any major credit needs in the next 7 years....house, new car?

BTW you are on Okinawa. Marines, AF, or something else?

Marines. I might be retiring in about 1.5 years.

 

[Ty1on]

Marines. I might be retiring in about 1.5 years.

Semper Fi, Brother.

Spent a year with 7th Comm and a year with Base Telephone there. Good memories.

 

[FamilyMan1775]

Semper Fi, Brother.

Spent a year with 7th Comm and a year with Base Telephone there. Good memories.

Haha! Yeah! I'm with 3MLG right now. I'm about to rotate and possibly retire and this TS deal has been really bad for me.

 

[Shaka]

Be skeptical. Please describe your timeshare and how much is owed. If you still owe the mortgage, you are pretty much stuck, unless you have it paid down to the point, and it is a Club Wyndham contract, that has enough value for someone to pay off your loan to take it on. That would have to be in the $10 per thousand points range less 500-600 for transfer..

Hi Ty1on if we own a an Even year at 84k a year, would that be worth around the 8400 mark? or would that be alot less

 

[scootr5]

Hi Ty1on if we own a an Even year at 84k a year, would that be worth around the 8400 mark? or would that be alot less

He means it would likely sell for about $840 or so, less the transfer and closing costs.

 

[Ty1on]

Hi Ty1on if we own a an Even year at 84k a year, would that be worth around the 8400 mark? or would that be alot less

If it's 84K every two years, then use 42K per year as the value, or 420 less closing costs of 449 (299 Xfer + 150 transfer company) means it costs you to get rid of it.

If its a 168K biennial contract, then 84K is the number to use and it would be 840 less 449. Of course your results may vary.

 

[55plus]

Marines. I might be retiring in about 1.5 years.

Semper Fi...

I'm retired Air Force Special Operations from the Pararescue Special Tactics side of the house. Hoo-Yah! Airborne! Rescue!

Do you know any PJ's on the island?

 

[Shaka]

If it's 84K every two years, then use 42K per year as the value, or 420 less closing costs of 449 (299 Xfer + 150 transfer company) means it costs you to get rid of it.

If its a 168K biennial contract, then 84K is the number to use and it would be 840 less 449. Of course your results may vary.

cheers all

 

[FamilyMan1775]

Semper Fi...

I'm retired Air Force Special Operations from the Pararescue Special Tactics side of the house. Hoo-Yah! Airborne! Rescue!

Do you know any PJ's on the island?

I don't know any PJs, but I know they're on Island. They do some jusmps over on Ie Shima. PJ are good to go.