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Giveback Timeshare.com

solerdr

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Has anybody heard of Giveback Timeshare.com? I am trying to help my parents get rid of a couple of their timeshares. Any thoughts folks?

Thank you.
 

theo

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Givecash / Giveback...

Has anybody heard of Giveback Timeshare.com? I am trying to help my parents get rid of a couple of their timeshares. Any thoughts folks?

Thank you.

"Giveback" most likely involves first paying them several thousand dollars to (...maybe, or maybe not...) "take it off your hands". If you're expecting anyone to tell you that this might be even a remotely good idea, I respectfully submit that those expectations are unlikely to be met...
 

AwayWeGo

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Any thoughts folks?
There are ways to shuck off unwanted timeshares that do not involve parting with major serious money.

Click here for some outstanding advice along those lines.

Not only that, the "relief" & "giveback" & "freedom" operators may not actually get you or your parents off the hook for the unwanted timeshares. Shux, some of'm or most of'm or possibly all of'm are outright hornswogglers & just plain bamboozlers.

Full Disclosure: I would not touch any of those up-front fee operations with a 10-foot pole.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 

grand desert

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so what I have figured out over the last couple of years is that the loop whole could be that you just have to donate the timeshare to charity if you want to get rid of it and never worry about it again. You will have to contact a lawyer in the state that you purchase the timeshare in and double check. Should be able to get a free consult and figure it out. I am pretty sure those give back companies are working for the resorts just recycling their inventory.
Let use know what you find out please.
 

TUGBrian

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charities wont take an unsellable timeshare...
 

theo

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"Pretty sure" --- but very wrong...

I am pretty sure those give back companies are working for the resorts just recycling their inventory.

Nope, not so. The assorted PCC's and "giveback" entities make their money collecting hefty fees from the "desperate donors". Most then promptly dump the timeshare on Ebay, selling it for mere pennies if necessary. Unfortunately, in other instances, the PCC or LLC never actually bothers to record a new deed with a new name at all. In other instances, "transfer" (if conducted at all) is into a bogus or shell entity.

In no instances I'm aware of after many years of association with timeshares, are any of these parasites "working for the resorts". That theory doesn't even make any sense when you think about it, since in the event of foreclosure, ownership is going to end up back in the hands of the resort / HOA anyhow.
 

Rent_Share

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IMHO - He has them confused with Holiday Group - which was rumored to take the "dog weeks" traded to Mexican Resorts as Partial Payment for a brand new "better" opportunities

For some unknown reason their website is still up
 
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solerdr

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Thank you...but additional question

My parents have two timeshares they purchased in Mexico. They've thoroughly enjoyed them, but they are getting on in years and don't want them anymore. It seems that alot of the advice on here is in reference to timeshares in the states, but not those purchased in Mexico.

Any thoughts/suggestions for timeshares purchased in Mexico?

Thank you again for all of your help.

Damion
 

theo

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A few thoughts...

My parents have two timeshares they purchased in Mexico....they are getting on in years and don't want them anymore. It seems that alot of the advice on here is in reference to timeshares in the states, but not those purchased in Mexico.

Any thoughts/suggestions for timeshares purchased in Mexico?

Mexican timeshare weeks are not "owned" real estate. Instead, there is likely a "right to use" contract (not a deed) which is likely of specific time duration. You'd be wise to first learn what that expiration date is within the current contract, as that information might influence someone's interest in taking over the contract(s).

You'd also be well advised to find out (directly from the facility) in advance if the facility charges a transfer fee to acknowledge a change in contract "owner". If there is a cost, you need to think about who is going to pay it (i.e., your parents or a prospective contract transfer recipient). Even if they give it away for free, if there is a transfer fee, someone needs to pay that fee for the transfer to be acknowledged.

Also, acquire from the MX facility any forms which they might use and require for processing transfers.

My suggestion would be to offer the RTU contracts here in the Bargain Deals, after you know the answers to the above details. The weeks likely have zero resale market value, but someone might be interested in picking up the remainder of the contract, particularly if the remaining "shelf life" is relatively short...

Just my own thoughts and opinion, fwiw...
 
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