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Holiday Inn Club Vacations - Orange Lake - How to Dump It!

Karagiozos

Guest
Joined
Oct 18, 2017
Messages
4
Reaction score
2
Points
3
Resorts Owned
Holiday Inn at Orange Lake
So...this timeshare has been of absolutely no use to us. We are never able to use any location when we want and when we do find something, we have to use almost all of the points we paid for that year. We are bi-annual. All they ever do is try so sell us promotions to upgrade. Make us pay to extend any leftover points and even charge us to go online or call to use the points. This thing is ridiculous. So, asking if anybody knows of the best way to dump this thing. We have it advertised on a timeshare sale site, no bites. Selling it cheap. Tried a timeshare exit company, the say "you have a balance? then we cant help you". This is stupid. What are the reprocussions of just not paying anymore? I'm seriously considering that.
 

tschwa2

Tug Review Crew: Rookie
TUG Member
Joined
Dec 19, 2008
Messages
12,166
Reaction score
1,897
Points
498
Location
Maryland
Resorts Owned
A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
How much do you still owe. Orange Lake will accept deedbacks on deeds that are current and paid off. They may charge the $100 transfer fee but they may even waive that.

If you owe, I would still check to see if they would accept a deedback. You never know they might say yes.

If you don't pay, they will tack on some extra fees. They may or may not notify the credit bureaus. Eventually the will either foreclose or offer a deed in lieu of foreclosure which again may or may not affect your credit score.

You don't want to pay an exit company because they will charge a couple of thousands and likely use one of the options above with the same outcomes as you doing it yourself.
 

rickandcindy23

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
22,922
Reaction score
2,500
Points
599
Location
The Centennial State
Resorts Owned
Wyndham Plat,RCI pts,Shell,WorldMark,OKW,SSR pts; Marriott's Willow Ridge;Val Chatelle; Hono Koa; SBP; SDO; Blue Ridge Village
Sounds as if they still owe money. The timeshare exit companies are just another way of getting ripped off. Sorry that you bought developer, but you need to know that you are in the same boat as most of us. I made my mistakes many years ago, but I learned to use what we bought, and you should too.
 

Karagiozos

Guest
Joined
Oct 18, 2017
Messages
4
Reaction score
2
Points
3
Resorts Owned
Holiday Inn at Orange Lake
How much do you still owe. Orange Lake will accept deedbacks on deeds that are current and paid off. They may charge the $100 transfer fee but they may even waive that.

If you owe, I would still check to see if they would accept a deedback. You never know they might say yes.

If you don't pay, they will tack on some extra fees. They may or may not notify the credit bureaus. Eventually the will either foreclose or offer a deed in lieu of foreclosure which again may or may not affect your credit score.

You don't want to pay an exit company because they will charge a couple of thousands and likely use one of the options above with the same outcomes as you doing it yourself.
Thanks...I will call them and see what our options are. Appreciate the feedback.
 

TUGBrian

Administrator
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Mar 24, 2006
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749
Location
Florida

LannyPC

TUG Member
Joined
Jul 5, 2010
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3,167
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348
Location
British Columbia
Tried a timeshare exit company, the say "you have a balance? then we cant help you". This is stupid.
That's rare. You have to give this company an "A" for honesty. Some of these exit/rescue/relief companies make wild claims that they can somehow cancel your mortgage. Anyway, you now know not to contact any more of these exit companies.
 

Bmatrose

TUG Member
Joined
Apr 1, 2016
Messages
178
Reaction score
50
Points
88
Resorts Owned
HICV Elite
Just learn how to use your points and enjoy the timeshare. I'm an owner with HICV so if you need any advice on best use of points let me know and Ill try and help.
 

silentg

TUG Review Crew: Expert
TUG Member
Joined
Jul 17, 2005
Messages
4,701
Reaction score
2,042
Points
449
Location
Central Florida
Resorts Owned
HICV Orange Lake, Fitzpatrick's Castle Holiday Homes, The Pines At Aspen East
Convert your points to IHG can get plenty of hotels to stay and not have to use all of your points they don’t expire. We do this with our Orange Lake Week. If we are going on a timeshare vacation we may stay one or two nights before and after in one of the hotels in the IHG group.
I would be interested in hearing if Orange Lake would take back your week. Someday we may need to do that too.
Silentg
 
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