Estates Vidanta

[bhanigan1]

Is there a way to sell the estates/

 

[tschwa2]

Per your contract, how much is the transfer fee? Vidanda does all they can to kill the resale value. Part of that is a very high transfer fee and part of that is retricting which of the perks and usage weeks actually transfer even with paying the fee.

 

[T-Dot-Traveller]

Is there a way to sell the estates/

Welcome to TUG
You may wish to look at Aimfair - a Vidanta owners group that has lots of Vidanta news and has "for sale listings."
There is also Redweek.[ both require a small annual membership cost]

However as @tschwa2 has pointed out - there is the Vidanta transfer fee listed in your ownership documents
There is also language in your contract that will remove benefits if the contract is transferred to non family .
[ Family transfers [children / grandchildren] are free and the transfer retains benefits]

If your contract has the " Pay on Use Only " addendum - then your on-going cost is $ 0 [unless used]
& the contract will end if you don't pay the next renewal [ typically due every 10 years & typically at the cost of current MF / Usage Fee.]

Unfortunately the money you paid to buy is [mostly or entirely] " sunk money" .
I would expect that even if you found a buyer and sold the contract - your net dollars received would be at least 95% less** than you paid.

**[ This is a guess on my part based on much reading of TUG & the TUG Mexican Forum ]

 

[bhanigan1]

Thank you for responding to my inquiry. I am constantly approached by groups?/scammers?/corporations? who want to buy my "contracts." I read an article in which the writer has determined that more money is made by those who scam the people who own timeshares than the money made by cartels.
I am hoping that there is somehow a way to sell the contract for more than 5%.
Last year I received a letter from: Linda Fulmer, Document Review Administrator (Timeshare Contract Review). The letter started by stating that someone had spoken to me about my contract. (I don't remember). According to this letter they have information about some positive changes that have strengthened consumer protection laws in Mexico. They included a page of information explaining negative aspects of the Vidanta contracts. The letter has a number to call (immediately) to present details about how I can hopefully get some money back. I didn't call because I don't believe anyone anymore. (Although it did say that the Vidanta contract has been misrepresented and fraudulently sold to me [this is the truth])!!! By any chance did you receive a (helpful?) letter like this???? I am trying to figure out what my next step is!!!

 

[T-Dot-Traveller]

Thank you for responding to my inquiry. I am constantly approached by groups?/scammers?/corporations? who want to buy my "contracts." I read an article in which the writer has determined that more money is made by those who scam the people who own timeshares than the money made by cartels.
I am hoping that there is somehow a way to sell the contract for more than 5%.
Last year I received a letter from: Linda Fulmer, Document Review Administrator (Timeshare Contract Review). The letter started by stating that someone had spoken to me about my contract. (I don't remember). According to this letter they have information about some positive changes that have strengthened consumer protection laws in Mexico. They included a page of information explaining negative aspects of the Vidanta contracts. The letter has a number to call (immediately) to present details about how I can hopefully get some money back. I didn't call because I don't believe anyone anymore. (Although it did say that the Vidanta contract has been misrepresented and fraudulently sold to me [this is the truth])!!! By any chance did you receive a (helpful?) letter like this???? I am trying to figure out what my next step is!!!

What you received is a scam set up promo.

 

[WorldT]

Ignore the letter. What you got are the beginning of a scam.

If you want to sell your unit, list it here on TUG, on redweek, and eBay. You will be approached by scammers for sure. Here how to handle them.

Tell anyone who reaches out to you that you have selected a closing company to handle the transaction. There are one or two that can be recommended here for you.
The person will have to provide their details so the closing company can reach out to them to continue the transaction and that is it.
Anything else is a scam and it comes in various shapes, colors and flavors.
As you have already been told, don't expect to get much, if anything from this sale. Think of it more as a transfer. Or better still, just let it go if you will not be able to navigate the tsunami of scams that is going to come your way. People have lost 6 figures trying to sell Mexican timeshares and the cartel have gotten into the business too.

 

[geist1223]

You will not be able to sell or transfer your Vidanta RTU. Just walk away.

 

[easyrider]

I am trying to figure out what my next step is!!!

If you are wanting to sell your membership, @T-Dot-Traveller gave you some great places to start.

If you can't travel you could try renting the place out to recoup your mf is the only other thing I can think of.

Bill