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  • A few of the most common links here on the forums for newbies and guests!
  • 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!

How To Get rid of or Get out of a Capital Resorts Timeshare!

Outstanding!

Sure wish it didnt take so much effort to accomplish, but at least you are now out of it and didnt fall for an upfront fee exit scam!
 
JaniceJo said:
Brian, thank you for your help and encouragement, it worked! I was able to deed back my timeshare! I had to pay a little but it’s worth it. Thank you again!
Click to expand...
How much did you have to pay?
 
rickandcindy23 said:
How much did you have to pay?n a long dn
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We are in the process of doing a graceful exit with Capital resorts. We had 3 different points contracts with Capital Resorts. We had to pay our maintenance fees for this year and also pay $5900 to do the graceful exit. We started the graceful exit on Apri l 13th and we got the paperwork to fill out on June 4th.
We sent the paperwork back the next day and they have said the graceful exit should be complete on August 10th. It has been a long drawn out process and we will be glad to get rid of it.
 
holy smokes... 5900 does not sound graceful at all.
 
Considering giving my timeshare back but is the loan I took for points membership with Capital Vacations onsidered a mortgage, a secured loan or an unsecured loan?
Other than hitting your credit rating, what other repercussions for defaulting on the loan?
 
CAMRN703 said:
Considering giving my timeshare back but is the loan I took for points membership with Capital Vacations onsidered a mortgage, a secured loan or an unsecured loan?
Other than hitting your credit rating, what other repercussions for defaulting on the loan?
Click to expand...
I don't think anyone here can know what your loan is secured with. Ask Capital's financing arm. As far Is I'd be concerned, unless your paperwork shows it to be a deeded ownership, what you have bought is simply a membership, and the loan is unsecured. What they choose to do regarding collections should be pointed out shortly after the first payment is late.

Not sure what you mean by 'other than hitting your credit rating'. They might sue if the amount is big enough. Probably won't, but they can.

Jim
 
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