Hi all, new here.
My grandmother purchased a timeshare some 10 years ago at Imperial Waikiki. I don't have all the info, but I'll do my best with what I know.
She purchased the 1 week TS for $4,000 cash. The maintenance fees are $1,000 annually. She is on a fixed income and has no money for anything, let alone the maintenance fees. She has never been back since purchasing. Right now, we are just hoping to get out from under the maintenance fees, and don't care about recouping any of the $4,000.
Last week, she got a call from someone offering to sell the time share for an upfront fee of $3,500. She doesn't have this money, so thankfully she called me asking for it. I wasn't even away of the timeshare. I told her not to do anything. The salesman for this company even came to their house and made it seem like it was a debt they owed to him and that in 10 days he could take their house from them. I have no clue who this guy is. She is current on the maintenance fees.
A few days later a "lender" called offering to give them some money, which she believed she needed to keep her house. She gave him all of her info, he said he would wire the money to Walmart. Thankfully, he needed $350 upfront which she doesn't have so she hung up and never received the money.
So before I track down who these people are so that I can test out my new shovel, I need some advice on her maintenance fees. She is 84, only has social security income and doesn't drive. I feel as though she should just stop paying the fees. She's old, has no money, has no equity in her home, has nothing. She doesn't borrow any money, so even if it hits her credit it doesn't matter. I've seen these units for sale as little as $50 so resale doesn't look like an option.
Any suggestions?
Sent from my iPhone using Tapatalk
My grandmother purchased a timeshare some 10 years ago at Imperial Waikiki. I don't have all the info, but I'll do my best with what I know.
She purchased the 1 week TS for $4,000 cash. The maintenance fees are $1,000 annually. She is on a fixed income and has no money for anything, let alone the maintenance fees. She has never been back since purchasing. Right now, we are just hoping to get out from under the maintenance fees, and don't care about recouping any of the $4,000.
Last week, she got a call from someone offering to sell the time share for an upfront fee of $3,500. She doesn't have this money, so thankfully she called me asking for it. I wasn't even away of the timeshare. I told her not to do anything. The salesman for this company even came to their house and made it seem like it was a debt they owed to him and that in 10 days he could take their house from them. I have no clue who this guy is. She is current on the maintenance fees.
A few days later a "lender" called offering to give them some money, which she believed she needed to keep her house. She gave him all of her info, he said he would wire the money to Walmart. Thankfully, he needed $350 upfront which she doesn't have so she hung up and never received the money.
So before I track down who these people are so that I can test out my new shovel, I need some advice on her maintenance fees. She is 84, only has social security income and doesn't drive. I feel as though she should just stop paying the fees. She's old, has no money, has no equity in her home, has nothing. She doesn't borrow any money, so even if it hits her credit it doesn't matter. I've seen these units for sale as little as $50 so resale doesn't look like an option.
Any suggestions?
Sent from my iPhone using Tapatalk