Run away from that deal. Do not pay them a dime. This is a total scam.Hi Friends,
Got this offer for my Wyndham Access Plus Timeshare from Timeshare Resale Experts (they are using all gmail id's).
Do we know who these people are there is nothing available on internet regarding this?
Your timeshare is not worth $22,900. They are asking you to put $950 into escrow (they will ask for more later).
What could go wrong? Everything -- because there is no buyer and you will lose any cash you pay.
It's a SCAM.
(and you were told this in your previous posts months ago: https://tugbbs.com/forums/threads/g...yndham-plus-access-126k-points-yearly.343132/ )
There is plenty available right here on TUG regarding this. It doesn't matter what the company's name is. If it follows the pattern of an unsolicited contact coupled with an offer that's too good to be true, then it's a scam................there is nothing available on internet regarding this?
In looking at the posts you've made on Tug since last Spring when you joined, you've had several of these ridiculous offers from these scammers. Assuming you are not somehow a part of the scam, it appears that you still owe a lot on your timeshare, and you want out. You need to understand these companies are not going to sell it for you. All they will do is take you for more money, rip you off, and leave you hanging. If you have that several thousand dollars to throw away, put it toward your timeshare mortgage. That will pay it off that much sooner. Otherwise, stop being played for a sucker.
If you truly just want out, stop paying. It will go into foreclosure, and you'll receive a temporary hit on your credit - but it's a passing thing, and you'll soon recover from it. Your credit will recover. But the important thing is for you to stop falling for these pipe dreams of someone paying you these absurd amounts of money for what you own. There IS no buyer. Stop being deluded by these scamming liars.
Dave
If they still owe on the loan as you suggest, there could be more than just a credit hit. If it's just maint fees, then walk. Don't know that I would walk from a loan though.In looking at the posts you've made on Tug since last Spring when you joined, you've had several of these ridiculous offers from these scammers. Assuming you are not somehow a part of the scam, it appears that you still owe a lot on your timeshare, and you want out. You need to understand these companies are not going to sell it for you. All they will do is take you for more money, rip you off, and leave you hanging. If you have that several thousand dollars to throw away, put it toward your timeshare mortgage. That will pay it off that much sooner. Otherwise, stop being played for a sucker.
If you truly just want out, stop paying. It will go into foreclosure, and you'll receive a temporary hit on your credit - but it's a passing thing, and you'll soon recover from it. Your credit will recover. But the important thing is for you to stop falling for these pipe dreams of someone paying you these absurd amounts of money for what you own. There IS no buyer. Stop being deluded by these scamming liars.
Dave
If they still owe on the loan as you suggest, there could be more than just a credit hit. If it's just maint fees, then walk. Don't know that I would walk from a loan though.
Unless you are a lawyer, I think you are being a bit cavalier with your response to walk with a loan in play, IMO. Never said it wasn't an option, but one that should be taken only after great consideration because the timeshare company can sue or lien the owner when it comes to defaulting on loans.The greater point is that if they want out, they have the option of not paying further. Better than being lied to and cheated by the scammers that have sent at least three different phony "offers" to buy the ~$ZeroValue timeshare for more than $20,000.
Dave
Unless you are a lawyer, I think you are being a bit cavalier with your response to walk with a loan in play, IMO. Never said it wasn't an option, but one that should be taken only after great consideration because the timeshare company can sue or lien the owner when it comes to defaulting on loans.
You have been here 20 years and so have I (off and on since 2005, different profile name right now) so what does that matter. I have also been a timeshare owner for nearly 34 years and I run my own website so please don't act like you're the only one that knows things about timesharing. Obviously, one option a person has (of several) is to just walk away and if the OP was only walking away from maint fees, that would be the most likely step given the circumstances. Walking away from a loan is an entirely different and legal matter that could get the OP into serious trouble and yet you don't even mention that part of the equation. A credit issue would be minor compered to possibly having a lien put on his home or actually dues which a timeshare company has every right to do when an owner walks away from a legal debt (a loan). If you are going to offer advice, I suggest you also offer ALL of the possible ramifications of someone using that advice. To do differently is being just plain reckless.I am not being cavalier at all. I'm speaking the plain truth: OP has two options: Paying or not. That decision is on them.
I am not a lawyer, nor do I play one on TV. But I've been on Tug nearly twenty years, and I am only repeating what has been put out from the beginning as the only recourse for someone who wants out, and who still owes on a timeshare loan. There is no viable resale market for this, with an outstanding loan, and particularly in the kind of numbers these phony "offers" are claiming.
I never said there wouldn't be a credit issue - in fact, I specifically mentioned there would be a credit issue as a result of defaulting. That's for the OP to check into, and decide if that's what they want to do. But to keep entertaining these phony "offers" is a fool's errand. This is the third time since June that this OP has presented this same situation, asking if these various companies are legit. The answers have always been the same.
Dave
A question:You have been here 20 years and so have I (off and on since 2005, different profile name right now) so what does that matter. I have also been a timeshare owner for nearly 34 years and I run my own website so please don't act like you're the only one that knows things about timesharing. Obviously, one option a person has (of several) is to just walk away and if the OP was only walking away from maint fees, that would be the most likely step given the circumstances. Walking away from a loan is an entirely different and legal matter that could get the OP into serious trouble and yet you don't even mention that part of the equation. A credit issue would be minor compered to possibly having a lien put on his home or actually dues which a timeshare company has every right to do when an owner walks away from a legal debt (a loan). If you are going to offer advice, I suggest you also offer ALL of the possible ramifications of someone using that advice. To do differently is being just plain reckless.
You have been here 20 years and so have I (off and on since 2005, different profile name right now) so what does that matter. I have also been a timeshare owner for nearly 34 years and I run my own website so please don't act like you're the only one that knows things about timesharing. Obviously, one option a person has (of several) is to just walk away and if the OP was only walking away from maint fees, that would be the most likely step given the circumstances. Walking away from a loan is an entirely different and legal matter that could get the OP into serious trouble and yet you don't even mention that part of the equation. A credit issue would be minor compered to possibly having a lien put on his home or actually dues which a timeshare company has every right to do when an owner walks away from a legal debt (a loan). If you are going to offer advice, I suggest you also offer ALL of the possible ramifications of someone using that advice. To do differently is being just plain reckless.
Hi Friends,
Got this offer for my Wyndham Access Plus Timeshare from Timeshare Resale Experts (they are using all gmail id's).
Do we know who these people are there is nothing available on internet regarding this?
According to a prolific 2 year data gathering process by Grammarhero, 2 people stated they had liens placed against them (assuming their homes) for walking away from a loan and 12 were turned over to a collection agency out of 107 responses. Walking away from just maint fees incurred none of these and only some had credit hits. You can read the thread here.... https://tugbbs.com/forums/threads/2020-timeshare-default-credit-report-collection-tracking.304138/A question:
Does anyone here have firsthand knowledge of a developer or HOA suing for unpaid mortgages or MFs's, winning a judgment, and putting a lien on the defaulting owner's residence?