How do I get out of my Marriott Ocean Pointe 3 bedroom timeshare silver season?

[merriot]

My husband passed away last year. Our family never came down as planned. My maintenance fee is 2800. We bought this in 2005. Any advice? There seem to be no buyers .

 

[Patri]

If you don’t care about a credit hit (which may not occur), just stop paying. Tell Marriott they can have it back. I don’t know if they have a buyback program, with or without a cost to you. My sympathies. It is okay to just turn around and walk away if M won’t play ball.
Also, many people give their timeshares away, because most have little or no value, certainly not what you paid for it.

 

[merriot]

If you don’t care about a credit hit (which may not occur), just stop paying. Tell Marriott they can have it back. I don’t know if they have a buyback program, with or without a cost to you. My sympathies. It is okay to just turn around and walk away if M won’t play ball.
Also, many people give their timeshares away, because most have little or no value, certainly not what you paid for it.

Thank you so much. Also I hope Emily is right about turning "newer every day." I'm waiting for that!

 

[TUGBrian]

id suggest reaching out to marriott to inquire about giving it back.

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I looked at your marketplace listing (note its expired, vs being active)...but you are asking 5k for the ownership. have you considered offering it for free to see if someone would take it off your hands? ocean pointe is a rather popular resort!

 

[jwalk03]

Some one will certainly take this from you. It’s not a zero value week. Especially being a 3-bedroom you could get a couple thousand dollars out of it.

 

[LeslieDet]

My husband passed away last year. Our family never came down as planned. My maintenance fee is 2800. We bought this in 2005. Any advice? There seem to be no buyers .

Yes, you need to reach out to owner exit services. I'm assuming you and your spouse owned the week as joint tenants, thus, the ownership would legally pass to you without any deed modification. When an owner has passed, and the surviving spouse doesn't want to continue the ownership, and you are not interested in selling (well, you may be interested in selling but there may not be any takers), the most efficient option is for the owner to reach out to Exit Services at 866-682-4547, Monday through Thursday, 9 a.m. – 5 p.m., Friday, 10 a.m. – 5 p.m., Eastern Time. The email is Resale.operations@mvwc.com

If you want to find someone who wants the ownership, whether to purchase it from you or to accept the transfer for zero consideration, post on TUG. Just keep in mind that if ownership doesn't transfer to another, then you remain obligated for the maintenance fees.

Please do not simply default. That causes your fellow owners to be billed for your non-payment of your maintenance fees. It also takes years to complete a foreclosure, and that entire time the debt will be accumulating. Finally, it will indeed impact your credit rating.

My condolences on your loss.

 

[billymach4]

My husband passed away last year. Our family never came down as planned. My maintenance fee is 2800. We bought this in 2005. Any advice? There seem to be no buyers .

What makes you think no buyers. List it for a dirt cheap price. You will get a buyer. The buyer will likely end up getting it or Marriott end up taking it by ROFR.

 

[billymach4]

To tell you thr truth please send me a private message. No promise. But I may have someone who is interested.

 

[bellken]

[deleted]

You should remove your phone number, it could cause a lot of unwanted calls.

 

[billymach4]

[deleted]

I have your info now. Busy working today.
Please remove your number from this post.

Will get back to you later or tomorrow.

 

[DeniseM]

Friendly reminder: Advertising/soliciting/conducting business in the discussion forums is not permitted. Any conversations of that nature should be conducted privately. To contact someone on TUG, click their blue user name and then click Start Conversation.

 

[HudsHut]

You may have an interested party already.
However, if that doesn't work out,
Post it on this Marriott facebook group - (you do have to "request to join".)
I'm sure you'd find a buyer there:. Offer it for $3K - $4K or best offer.

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There are two 3 Bedroom SILVER weeks on Redweek for $6K.

Marriott's Ocean Pointe Timeshares For Sale | RedWeek

Buy a timeshare directly from Marriott's Ocean Pointe owners, starting at just $299. Resales are almost always 30 - 50% cheaper than buying the same unit from the resort!

www.redweek.com

 

[merriot]

Thank you all and sorry I posted in wrong place.

 

[billymach4]

Question for the Ocean Pointe experts?

Are all 3br at Ocean Pointe Ocean Front?

 

[dioxide45]

Question for the Ocean Pointe experts?

Are all 3br at Ocean Pointe Ocean Front?

Yes.

 

[billymach4]

@merriot I sent you a private message.