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For the Love of God...How to get rid of a timeshare at Taino Beach?

DESPERATE

newbie
Joined
Feb 18, 2010
Messages
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Location
Corvallis, Oregon
Please, Please, Please....

What is the least financially harmful and/or financially beneficial way to get rid of a timeshare at Taino Beach Resort in the Bahamas?

If “desperate” is a word that can describe FBI investigations, my dead stepmother, a bucketload of scam artists, and my nine year old brother that relies on my ailing 70 year old father, then I am DESPERATE.

For a more detailed description, please read the following letter that I’m sending to Kimmie at Taino Beach resort:

**********************

Dear Kimmie,

My 70 year old father, ***** ***********, is a timeshare owner at Taino Beach, and I’m inquiring on his behalf if he can relinquish his timeshare ownership without having to pay any money or penalties.

My father has owned the timeshare for approximately ten years, but has never ONCE used it. My father is currently facing difficult financial hardship, and the timeshare has been a continued source of financial strain for him. In the past, he stopped paying his annual timeshare dues in an effort to “relinquish” ownership, but he was subsequently served with a notice from a collection agency that required him to pay his timeshare dues as well as a penalty.

As a result, my father, in an honest attempt to get rid of his timeshare, has spent thousands of dollars with fraudulent companies that claimed to offer services to sell his timeshare. To put this in a larger perspective, over the past ten years, my father has lost his entire life savings by being embezzled by con artists. Consequently, multiple FBI and state investigations were conducted on my father’s behalf that have resulted in numerous indictments, felonies, and prison sentences for these scam artists. Unfortunately, my father has a propensity to be targeted by unscrupulous criminals who continue to seek him out.

Currently, my father is in a lot of debt, yet he is the primary caregiver and financial provider for his nine year old son (my half brother). There are many tragic and stressful things that have happened to my family during the past two years. Less than two years ago, my father’s wife died. Additionally, my father’s health is failing, as he has recently suffered from two strokes, cancer, and a heart arrhythmia that required getting a pacemaker installed.

Please, I beseech you, tell us what we can do to get rid of the timeshare without having to pay any money. To say that we are desperate would be an understatement. The fact that my father feels “trapped” in a timeshare that continues to suck his wallet dry only creates stress that further impairs his health, while at the same time jeopardizes the well being of his nine year old son.

Please let us know what we can do. Thank you.

A very concerned and desperate son,
***** ***********
 
Chapter VII - Move On
 
I don't know how much research you've done, but because of the economy the timeshare resale market has tanked and many, many people are trying to dump their timeshares because they can't afford the maintenance fees or to travel.

It's a bitter pill to swallow, but most timeshares are worth 0-10% of their original purchase price these days. Right now there are over 200 timeshares for sale on ebay for $0 - $100 and most of them have no bids. If you own one of the very top timeshares (Marriott, Hilton, Starwood, Hyatt) it may be worth as much as 40% - but those are the exceptions.

If you find that you are in the 0-10% category you may just want to give it away (and do it yourself) to get out from under. I would consider that option first, because it is the lowest cost option.

There are two places on TUG where you can give away your TS's for free (no charge for the Ads.) There are also other low cost options on the web.

TUG Marketplace - the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)

Bargain Deals - just write a simple post with all the pertinent info.

To make it more attractive I would:

1) Pay 2010 maintenance fees

2) Pay for the title transfer (you can get a simple professional transfer for about $100)
I've used this company and the owner is a Tugger.

3) Reserve a popular holiday week in 2010 for the new owner​

WHAT EVER YOU DO, DON'T PAY SOMEONE A LARGE UPFRONT FEE TO SELL YOUR TIMESHARE - THEY WILL TAKE YOUR MONEY AND YOU WON'T SELL YOUR TIMESHARE!

Good luck!
 
I can try and help

Post deleted

Posts which you may get a "referral bonus" are not allowed by BBS rules
 
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BTW, no one can "require him to pay" anything on a debt...
-- even if the debt is legit;
-- even if they hire debt collectors;
-- even if they threaten to sue him and seize his assets;
-- even if he is sued and a judgment is issued.

Why? For two reasons:
1. Many states have statutes which protect things like homesteads and certain personal assets from the claims of creditors; and
2. Filing Bankruptcy moments B4 a creditor tries to seize anything stops them dead-cold in their tracks.

This is precisely the situation for which the Bankruptcy laws exist.
 
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