Has anyone successfully exited Sapphire Resorts timeshare?

[mtoomey1976]

Hi all, i've been reading through the forums and can appreciate those who find value in their timeshare. We had sat through a couple timeshare presentations before and didn't bite, but got suckered into Sapphire/Jockey Club timeshare in 2019. So many lies and deceiving tactics to close the deal. We have never used it and never will.

Curious if anyone has been able to get out of their Sapphire contract - either directly through Sapphire or through a company like Wesley Financial?

thank you in advance

 

[T-Dot-Traveller]

Hi all,......... through a company like Wesley Financial?

thank you in advance

Wesley and other Timeshare exit companies will take your $$$ money - and can claim that by telling you not to pay -they got you out.

DO NOT WASTE YOUR MONEY

 

[Snazzylass]

So sorry you are in this predicament. I do not have a good opinion of Sapphire Resorts. It's a scam as far as I am concerned, and their army of attorneys allows them to stay in business. No Attorney General wants to mess with them and no private citizen has the funds. Again, so sorry!

If you keep reading through the forums, I am guessing you will learn that your only 2 options are to figure out how to use it and benefit (I agree it's not likely but have a hard conversation with yourself and what you were led to believe), or stop paying and potentially take the hit on your credit. There are many, many posts here recommending both. And, if you do stop paying, maybe report back and advise what sort of hit your credit took.

There is no T/S exit company that can get you out of this, short of filing bankruptcy. If you chose to do business with one of these companies, you will be throwing good money after bad.

 

[Fido Chuckwagon]

Hi all, i've been reading through the forums and can appreciate those who find value in their timeshare. We had sat through a couple timeshare presentations before and didn't bite, but got suckered into Sapphire/Jockey Club timeshare in 2019. So many lies and deceiving tactics to close the deal. We have never used it and never will.

Curious if anyone has been able to get out of their Sapphire contract - either directly through Sapphire or through a company like Wesley Financial?

thank you in advance

Wesley Financial and **all** timeshare exit companies are 100 percent scams. Every single one of them. If you owe a mortgage on a timeshare the only way to get out is to default on the loan. They will eventually foreclose and you will no longer own the timeshare. All the exit companies will do is take your money and have you default. You can do this on your own.

There may or may not be a credit hit. Depending on the amount of money on your loan taking the credit hit is usually the correct financial decision versus continuing to pay thousands of dollars for a timeshare you aren’t using.

 

[mtoomey1976]

wow. thanks for all the replies. this is quite a depressing situation and I know I'm not the only one who is stuck in it. I will keep searching through the forum for ideas. I really don't want to take a hit on my credit rating by stopping payment.

I don't suppose anyone has had success by just being relentless in requesting out on a daily, weekly, basis until the timeshare company just gives in?

 

[Passepartout]

I don't suppose anyone has had success by just being relentless in requesting out on a daily, weekly, basis until the timeshare company just gives in?

Well, you've had it for 5 years. About half of TUG members bought the same way you did. Without the intention, then did not rescind when we had the chance. You're in good company. I would assume that by now, your TS mortgage is paid off and all you owe is annual fees. If this is the case, stopping payment will just result in cancellation. We haven't heard of someone's credit being affected in this scenario
If you still owe on it, a) you can't sell it, and b) the county and/or resort can't re-title it in somebody else's name.
The only way I recall being successful in 'getting out' painlessly was for the owner to relentlessly smear the name of the developer all over social media. Truthfully or you risk slander laws, but truthfully warning all to avoid their resorts, name names of those who deceived you, include dates and dollar amounts. Post it on sites like tripadvisor, yelp, expedia, etc etc, etc. They eventually will offer to cancel your membership on condition that you pull down ALL derogatory posts about their company.
Politely 'asking them repeatedly' won't get the job done.

Jim

 

[TUGBrian]

having a tangible/legitimate complaint you can elaborate on regularly on social media or similar can result in some traction yes.

if its paid off, you will likely have better success just stopping payment and putting up with the emails/phone calls/etc subsequent to the default. the extra bonus is that strategy WILL end your ownership, and is the one used by every exit company.

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[mtoomey1976]

Well, you've had it for 5 years. About half of TUG members bought the same way you did. Without the intention, then did not rescind when we had the chance. You're in good company. I would assume that by now, your TS mortgage is paid off and all you owe is annual fees. If this is the case, stopping payment will just result in cancellation. We haven't heard of someone's credit being affected in this scenario
If you still owe on it, a) you can't sell it, and b) the county and/or resort can't re-title it in somebody else's name.
The only way I recall being successful in 'getting out' painlessly was for the owner to relentlessly smear the name of the developer all over social media. Truthfully or you risk slander laws, but truthfully warning all to avoid their resorts, name names of those who deceived you, include dates and dollar amounts. Post it on sites like tripadvisor, yelp, expedia, etc etc, etc. They eventually will offer to cancel your membership on condition that you pull down ALL derogatory posts about their company.
Politely 'asking them repeatedly' won't get the job done.

Jim

Jim, thanks for the detailed response. We still have part of the TS mortgage to pay off. Regarding the tactic of leaving bad reviews and sharing my experience on social medai (agreed that I would only share truth without doing a smear campaign), I like that idea. I actually own a social media and digital marketing advertising company, so it's right up my alley. My Question if you have additional insight: Should I request to be let go from my contract with Sapphire, and then when they refuse, do I tell them I will be taking this online and sharing my experience? Or do I just do it and hope they see the comments and posts? I could also take screen shots of all my posts and send to them and let them know that more is coming unless they work with me???

thanks in advance.

 

[Passepartout]

Jim, thanks for the detailed response. We still have part of the TS mortgage to pay off. Regarding the tactic of leaving bad reviews and sharing my experience on social medai (agreed that I would only share truth without doing a smear campaign), I like that idea. I actually own a social media and digital marketing advertising company, so it's right up my alley. My Question if you have additional insight: Should I request to be let go from my contract with Sapphire, and then when they refuse, do I tell them I will be taking this online and sharing my experience? Or do I just do it and hope they see the comments and posts? I could also take screen shots of all my posts and send to them and let them know that more is coming unless they work with me???

thanks in advance.

Oh, they WILL see derogatory comments on social networks. They have web crawlers that look for key words- including their name- and a blind idiot should be able to discern that you want to be released from your ownership.

Do as you wish, but my guess is they will reach out to you. If not, holding the screen shots in reserve in case they are particularly dense might make sense. They will also remind you where your comments were published.

I would avoid threats like "release me or I'll do this or that'- those might just put their large and overpaid legal department down on you.

 

[vacation911]

Oh, they WILL see derogatory comments on social networks. They have web crawlers that look for key words- including their name- and a blind idiot should be able to discern that you want to be released from your ownership.

Do as you wish, but my guess is they will reach out to you. If not, holding the screen shots in reserve in case they are particularly dense might make sense. They will also remind you where your comments were published.

I would avoid threats like "release me or I'll do this or that'- those might just put their large and overpaid legal department down on you.

Hi all, i've been reading through the forums and can appreciate those who find value in their timeshare. We had sat through a couple timeshare presentations before and didn't bite, but got suckered into Sapphire/Jockey Club timeshare in 2019. So many lies and deceiving tactics to close the deal. We have never used it and never will.

Curious if anyone has been able to get out of their Sapphire contract - either directly through Sapphire or through a company like Wesley Financial?

thank you in advance

I think Sapphire is a Right to Use timeshare. Mine is RTU till 2045. Its more of a club. Maybe they also do deeded, not sure. I am okay with it and not looking to exit but.....Not sure the implications aside from violating the contract with not paying. I do not think it can be like a real esate foreclosure, as would be with a deeded real estate contract. so i would assume not that bad a hit..... Maybe someone with more knowledge as to that caveat can expand on that.

 

[TUGBrian]

that is correct, foreclosure only applies to deeded ownership.

 

[tschwa2]

One of the biggest problems with Sapphire is that although they sell memberships at semi reasonable costs (I think most sales are for entry level packages of 10,000-20,000 points and around $6000-12,000) they sell such small packages and oversell the prospect of using last call points and cash rates with RCI. Combine that with a program that has a modified rci points program, that does not allow you to combine sapphire points with other non sapphire rci points. I am not sure if they restrict or allow combining with resale sapphire rci points, so the only option is to buy additional points from the developer to get a meaningful number of points. They also have a modification of renting points which is 4 cents a point vs RCI's already high rate of 3 cents a point.

For example member with 20,000 points wants to book something that cost 50,000 points for the week, their option is to bank and borrow almost 3 years of points paying an rci membership fee of 3 years, plus 3 years of MF plus a nearly $300 exchange fee for a single week or paying the membership fee for 2 years, 2 years worth of points, the $300 exchange fee and $400 to rent the extra 10,000 points.

 

[vacation911]

Hi all, i've been reading through the forums and can appreciate those who find value in their timeshare. We had sat through a couple timeshare presentations before and didn't bite, but got suckered into Sapphire/Jockey Club timeshare in 2019. So many lies and deceiving tactics to close the deal. We have never used it and never will.

Curious if anyone has been able to get out of their Sapphire contract - either directly through Sapphire or through a company like Wesley Financial?

thank you in advance

I just recently purchased a sapphire contract. The seller paid all transfer fees, the 2025 usage and I got the usage. Rather than paying an exit company who will do nothing for you, consider selling on TUG and offer a incentive that the buyer will be inclined to take it over. That being said, this is not deeded, so aside from collection calls, and maybe honor, you could consider to just walk away. I believe your ownership is Right to Use and not deeded, so foreclosure isn't an option for them. They could end your membership, that seems like a win-win for you. It's all in your preference but I wouldn't pay an exit company under any circumstances as all are saying right here...... They do nothing you can't do yourself including just ceasing payments.