• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

LuckyTauro7

newbie
Joined
Mar 16, 2023
Messages
2
Reaction score
1
Points
1
Resorts Owned
Villa Del Palmar
We've been member of VDP for a couple of years now and we've had some great experiences, but with the economy in the US changing so much, everything is so expensive and having older parents that we now have to support, it's become very difficult to keep up with the payments. We are Elite members and maybe that's something we got carried away with.. but we're here now and would like to see if anyone had any similar situations or what options are possible? Has anyone tried to get out of VDP Timeshare? Also, is bankruptcy a way to get out of a timeshare?

Goal: Get out of Timeshare
 

geist1223

TUG Member
Joined
May 20, 2015
Messages
5,974
Reaction score
5,728
Points
499
Location
Salem Oregon
Resorts Owned
Worldmark 97,000 Credits
DRI Cabo Azul 50,500
Royal Solaris San Jose del Cabo
Very likely because this is a Timeshare in Mexico it is RTU not Deeded. Not guaranteed but likely you could simply stop paying. While they might harass you with telephone calls, emails, and Letters it will simply go away.
 

beach.bar.bob

TUG Member
Joined
Nov 23, 2010
Messages
343
Reaction score
108
Points
254
Location
Minnesota
Resorts Owned
Universal Vacation Club (UVC) aka Villa del Palmar aka Villa Group
VPA/Elite/Gold
Call ResortCom and discuss with them

if your contract is fully paid then you can relinquish your membership by paying your most current year maintenance fee
if you have a loan then your situation is much more difficult
FWIW
bbb
 

easyrider

TUG Review Crew: Elite
TUG Member
Joined
Aug 21, 2005
Messages
15,057
Reaction score
8,004
Points
948
Location
Palm Springs of Washinton
Resorts Owned
Worldmark * * Villa Del Palmar UVCI * * Vacation Internationale*
the only way out of your current situation is to stop paying and ignore all collection attempts

I agree 100%. If it is financed through a line of credit originating from the USA there will be some problems. If it financed through the developer not so much.

Bill
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,463
Reaction score
17,214
Points
1,299
Location
Twin Falls, Eye-Duh-Hoe
It’s financed
First, DO NOT sign up for ANY of those 'Get you out of your timeshare' outfits. They are ALL scams designed to separate you from more of your money.

Yes, bankruptcy CAN terminate the timeshare, but you REALLY need to be MUCH deeper in debt than just a timeshare to justify that. Speak to an attorney who's versed in consumer debt and BK.

You can consider simply stopping payments. You won't get to use the TS, but that's what you want anyway. You might (probably will) get some letters and might get phone calls from collectors. You can demand- in writing- that they only contact you by U.S. mail. Cancel any credit cards or bank accounts that they can debit.

They can drop a negative credit report on your credit score, but if you are already considering BK, you'll get those anyway. If you get a credit score ding, you are entitled to write a letter that accompanies any credit request. It's not uncommon for a lender to disregard a timeshare default, because you have more money to spend with them.

Good Luck,

Jim
 

TSS_1

newbie
Joined
Jul 8, 2023
Messages
1
Reaction score
0
Points
1
Resorts Owned
Villa Del Palmar
Call ResortCom and discuss with them

if your contract is fully paid then you can relinquish your membership by paying your most current year maintenance fee
if you have a loan then your situation is much more difficult
FWIW
bbb
Is there a defined process to relinquish it? Is it relinquished back to the resort? Is there any time frame in which it has to be relinquished?
 

beach.bar.bob

TUG Member
Joined
Nov 23, 2010
Messages
343
Reaction score
108
Points
254
Location
Minnesota
Resorts Owned
Universal Vacation Club (UVC) aka Villa del Palmar aka Villa Group
VPA/Elite/Gold
Is there a defined process to relinquish it? Is it relinquished back to the resort? Is there any time frame in which it has to be relinquished?
Yes, there is a defined process - it is described in the bylaws for each membership type. Bylaws are no longer generally available online. You must logon to your Resortcom account to access the bylaws specific to your membership.

Yes, it is relinquished back to UVC.

There is no specific time frame in which to relinquish the membership. The key is that the membership must be paid in full including maintenance fees.

FWIW

bbb
 
Top