How I cancelled my Welk timeshare with no damage to my credit!!!

[longeuaykr]

For all of you out there that were completely lied to by Welk and are beyond the rescindment period, there is hope. At least if you can offer a lawyer... I recently (as of last week) got out of my Welk timeshare and now want to spread the word about it because when I originally searched the web, everyone said that is impossible to get out of your timeshare without ruining your credit (i.e., without foreclosing). And everyone, including people that will respond to this post, will say "you should have read the fine print". Well, after 6 hours of talking to a salesperson, you don't exactly have the time or energy to read the fine print. Oh and whenever I asked what I was signing they said "of that was this that we talked about...". Funny though how they NEVER mentioned that there was a rescindment period. Anyways, I continued searching and came across a timeshare lawyer who specializes in getting people out of their timeshares. I found [Name deleted.] attorney at law, who "guarantees" to get people out of their timeshare and at first I was skeptical but after researching his credentials and reading every review I could possibly find, my wife and I decided to go for it. He charges $2,000 total, up front which made me really nervous because everyone says not to trust people that ask for money up front. But, with no other options and since he has actual law accreditations, we decided to go for it. Plus, we were in the hole about $25k. We signed an attorney agreement with his firm on February 27th and he told us to immediately stop payment on our timeshare. He also told us that it takes quite a lot of time to process (about 6 months he said). Well, it ended up taking 9 months but we got the letter in the mail from him last week saying that Welk decided "it is in their best interest to agree to take back their time share and release us from any and all future liability." In terms of our credit report, the timeshare was listed as a delinquency once we stopped payment but now it is listed as an agreed settlement with a $0 balance and our credit is just fine. We are officially free! I can't even begin to explain how good it feels to be done with Welk.

I know all of this seems too good to be true but it worked for me and based on their website, he has done it for a LOT of other people. I was kind of pissed too because everyone on TUG is convinced that there's no way out. But there is! Feel free to message or email me about it so you can be convinced that I'm a real person and not some phony or scam like a bunch of other people out there. Btw, the attorney's website is [Link deleted.] I in no way work for him or his firm, I just want to reach out to as many people as possible and screw Welk over just like they screwed me.

Kevin

Moderator Note: TUG Posting Rules do not allow advertising in the public forums. Readers are free to contact the poster through Private Message or email for this attorney's name and contact information.

 

[Ty1on]

Nice advertisement from a first time poster. But you are a real person and not some phony or scam. Cool story bro.

 

[davidvel]

Nice advertisement from a first time poster. But you are a real person and not some phony or scam. Cool story bro.

My quick research leads me to believe this is a real person in San Diego.

Just sayin...

 

[Ty1on]

My quick research leads me to believe this is a real person in San Diego.

Just sayin...

All shills are real people....

 

[davidvel]

All shills are real people....

But all real people aren't shills. And shills usually don't use their real name.

 

[Ty1on]

But all real people aren't shills. And shills usually don't use their real name.

Fair statement.

 

[vacationhopeful]

But all real people aren't shills. And shills usually don't use their real name.

No, they steal other peoples' real names.

 

[Passepartout]

It still cost the OP $2000 upfront. We always caution against this because many- if not most- upfront 'get you out of your timeshare' operators will end up with the upfront fee while the owner ends up still owning the timeshare and the bad credit too.

Proceed cautiously. Ask for- and check- references.

Jim

 

[ziravan]

"I was skeptical at first"

"Almost sounds too good to be true"

"Guarantees to get you out"

That's the language of a con.

From a first time poster.

If somebody really wants to throw another $2,000 away, I'm willing to work harder to do nothing for you at half the price.

 

[BennyBoy00]

In terms of our credit report, the timeshare was listed as a delinquency once we stopped payment but now it is listed as an agreed settlement with a $0 balance and our credit is just fine.

The delinquencies and the agreed/settlement are all negative information that will stay on the credit report. It's a debt settlement with an impact more like a short sale rather than a foreclosure.

 

[decadude]

Drum roll annnnnnnnd now decadude's howto get out of a timeshare

I don't buy the ops post, but whatever none the less cheers to anyone reading I would not buy into his post either.

Luckily I am not in the situation of owning a timeshare that I did not want BUT if I were then this is what I would do. Typically when I give advice I try to put myself in the shoes of the person.

Most of these give it back companies I have seen are scam artist I wouldn't trust em.

Scenario two is a WORSE CASE SCENARIO

Scenario One
See if I were within the window still to exercise buyers remorse for the state I purchased the timeshare in. If this did not apply I would move to Scenario two.

Scenario Two
If I owned a timeshare where I owed $20,000 or something bonkers like that and to my knowledge a lot of timeshare companies will not allow resale unless you have a warranty deed owing $0 so reselling this in most cases would NOT be an option if this applies. I would default on the timeshare and have it foreclosed ruining my credit and prior to doing so try to position myself where I wouldn't need a loan for a very long time and wait for the FCRAs statue of limitations for reporting the bad mark to fall off.

Scenario Three
If I owned the warranty deed owing a $0 balance on the timeshare and there was some resale value DVC timeshare etc then sell it for money try to recoup some of the money back out of it.

Scenario Four
If the timeshare was paid off and I had the warranty deed and there was no resale value I would see if the resort would take it back in some instances they do if it is paid off.

Scenario Five
If the timeshare was paid off and the resort would not allow deedbacks. Also the timeshare had no resale value then I would try to give it away for free. If really desperate I would try to offer an extra incentive like paying next years maintenance fees allow free usage for one year and pay closing cost etc.

Be very skeptical of give it back companies I personally wouldn't trust any of them. If you bought a timeshare from a resort I would say once burnt lesson learnt and try to not fall victim to other scams.

 

[davidvel]

No, they steal other peoples' real names.

Someone may have, I guess the op can come back and prove he really works for an aerospace contractor and he's legit.

Note I'm not recommending any upfront payment, but if he's real and it really worked for him, it is what it is.

Now if a licensed attorney is using shills that impersonate real people to solicit business, he's got much bigger problems.

 

[TUGBrian]

certainly hits all the red flags of a company you should avoid at all costs...

fact is if even part of the story is true, you could have convinced them to let you out of your contract yourself...especially given the recent lawsuit won over welk resorts for their sales practices...one would imagine that any decently written threat to sue on the same grounds would have them timid enough to let someone out if they really wanted to press the issue (which is what these "law firms" do by sending demand letters over and over and over).

Squeaky wheel always gets the grease, most people simply just take the first no for an answer, and instead of being dilligent...fall for the pitch of upfront fee companies that turn into the squeaky wheel for you.

However as with every other upfront fee company, you wasted thousands of dollars.

 

[davidvel]

I agree with the above. My posts are only about whether the kid is a "shill", or a fake person, as charged by certain posters. As I said, it is illegal for a California attorney to solicit for clients through third parties, and even worse if "they steal other peoples' real names," and falsely post as them.

The attorney in question, whom I do not know, has been practicing for almost 40 years with no record of discipline. Not that it has never happened, but this would be a pretty poorly designed capping scheme.

 

[bogey21]

Fact is if even part of the story is true, you could have convinced them to let you out of your contract yourself...Squeaky wheel always gets the grease, most people simply just take the first no for an answer......

Great point. It took me 3 years and a lot of persistence to relieve myself of 6 Weeks. In the interim I either used them; let friends or relatives use them; exchanged them; or rented them. Never, never take "No" for an answer.

George

 

[LannyPC]

I was kind of pissed too because everyone on TUG is convinced that there's no way out. But there is!

Of course there is. It's called rescinding. If you are past your rescission period, it's called contacting the resort (something this law firm did for you for $2000). There's also the free giveaway method here on TUG.

I can't speak for "everyone on TUG" but I am not convinced that "there's no way out".

 

[longeuaykr]

Wow, lots of love on this site. Primarily the reason I wanted to post this.

Am I am real person? I sure hope so. I am posing as someone? No. As for the attorney, he is also real and no I dont work for him. Just a satisfied customer.

I really didn't think it'd get 15 posts overnight but hurray me I guess. So now I get to talk through the rest of my statements:
1. Why didn't you just opt out yourself? Well, I tried the squeaky well approach with no avail. I called them 5 times and every time I got the same response of "we won't refund you but you should try and let the timeshare work for you". Well we tried. Our honeymoon we tried to go to Italy but you need more than 8 months in advance to get that (not what they said during the sales pitch). And then we tried palm desert for Stagecoach. I get it, it's a busy weekend, but a year in advance isn't good enough? Then we tried Hawaii and on and on. It's not gonna work for us. Aside from that, every advice on this site and others says the squeaky wheel gets zero grease.
2. Recent Welk dispute...? Did this happen between Feb 2015 and now? When I did my research I didn't find anything in terms of a recent lawsuit against Welk. I'll be looking into that now, thank you for that info.
3. You still paid $2k. Well I also saved $23k. And I'm glad I did. This worked for me but it probably won't work for people that have a small balance on their loan.

So yes, I'm a real person. And cool story indeed, bro. I'm sure you guys get these posts all the time but honestly, I don't know how else I can put it in writing without sounding like a "shill".

Cheers and if this helps one person out there, great.

Kevin (my real name too btw.)

 

[Beefnot]

There are a number of cynical glass-is half-empty-and-the-water-tastes-nasty-too folks on TUG that think anybody with under 5 posts touting anything must be a shill with no exceptions. They also give verbal beatdowns to anyone who pays someone else to do a service that s/he could have technically done him/her self. They also trash service providers for providing the service. So your post provided three strikes worth of red meat.

 

[DeniseM]

Wow, lots of love on this site. Primarily the reason I wanted to post this.

I suspect that the Rescue Company asked you to post on TUG. Otherwise, it's really hard to understand your motivation for posting here.

 

[davidvel]

There are a number of cynical glass-is half-empty-and-the-water-tastes-nasty-too folks on TUG that think anybody with under 5 posts touting anything must be a shill with no exceptions. They also give verbal beatdowns to anyone who pays someone else to do a service that s/he could have technically done him/her self. They also trash service providers for providing the service. So your post provided three strikes worth of red meat.

Yup. :annoyed:

 

[davidvel]

I suspect that the Rescue Company asked you to post on TUG. Otherwise, it's really hard to understand your motivation for posting here.

That's pretty big presumption with nothing to back it up. A suspicion isn't much. Maybe by chance, you're right.

I have no idea either way, but the suspicion is essentially accusing a licensed attorney of illegal advertising.

 

[DeniseM]

That's pretty big presumption with nothing to back it up. A suspicion isn't much. Maybe by chance, you're right.

I have no idea either way, but the suspicion is essentially accusing a licensed attorney of illegal advertising.

Yes, that is why I said, "suspect." We will never know.

IMNSHO - this glowing and detailed recommendation from a first time poster just doesn't make any sense, unless there is some motivation for posting it that we don't know about. YMMV

 

[longeuaykr]

^"we'll never know"... C'mon, at least give me some time to respond

The reason I posted here was because this is the only forum I found in regards to helping people with timeshares. When I was first trying to figure things out, this site provided me with a LOT of useful information. I'm now trying to add to the information, letting people know that there are some legit (at least one) companies out there to help you get out of your timeshare if the situation works for you.

Signing off now

P.S. Thank you David for the support

 

[DeniseM]

When I was first trying to figure things out, this site provided me with a LOT of useful information.

When was this?

 

[LannyPC]

For all of you out there that were completely lied to by Welk .... when I originally searched the web, everyone said that is impossible to get out of your timeshare without ruining your credit (i.e., without foreclosing). And everyone, including people that will respond to this post, will say "you should have read the fine print".

Not "everyone said that is impossible to get out of your timeshare without ruining your credit (i.e., without foreclosing)." What most, not everyone, say here is that if you default on your mortgage payment and MFs
you will likely face ruining your credit. No one here says that it is "impossible to get out of your timeshare without ruining your credit." In fact, almost everyday people here on TUG are giving practical advice on how to get out of your TS without ruining your credit or forking over $2000 to someone.

And no, I will not say "you should have read the fine print." It's very understandable why buyers do not do so, so I am not browbeating you for not doing so.

And BTW, it doesn't matter whether or not the salesperson lied to you. The advice many TUGgers give to those who are looking to rid themselves of their TS applies regardless of the TS salesperson's words. I just get a little annoyed at some of these operations that claim they can allegedly cancel a TS just because the salesperson lied to you. Rescinding or getting the resort to take a TS back does not depend one iota on what the salesperson said (or didn't say).