Keep it or cancel it ? Hilton New York Club - is it really a scam ??

[crazydive]

Not a scam.

You've received great advice here, so tackle this. Take a deep breath, settle down and clear your mind, think logically, put away the emotion/turmoil and write down these things (advice from Tuggers ) in a notebook. Writing these things down will help with absorbing the information (kinesthetic learning).

It took a little effort to arrive at where you are, it will take more time to improve it. Many Tuggers have had similar experiences, but improved their situations with effort.

My advice is in agreement with prior posts:

1. Refinance as soon as possible...

2. You have a good timeshare ...

3. Rescue those points...

[..]
There are ways to better your situation and we're here to assist.

I will seriously reconsider to keep it and take all these valuable advice, and learn how to use it as it kills me to lose already paid $12k. I never saw so much money at once :-/ I have many dreams, small dreams, and I can't afford them at all so... I have to make a smart decision.

I contacted Ron Parise and I would love to try that path, especially if other people could learn more, and I hope it will not harm me to try that. Now it is important for administrators to accept his term.

I have to admit I feel a bit better now. Nothing really changed however it's good to know that there is some hope, option to minimize that crazy cost, maybe even rent it and have some decent and knowledgeable support here.

Thank you all

 

[Beaglemom3]

I will seriously reconsider to keep it and take all these valuable advice, and learn how to use it as it kills me to lose already paid $12k. I never saw so much money at once :-/ I have many dreams, small dreams, and I can't afford them at all so... I have to make a smart decision.

I contacted Ron Prise and I would love to try that path, especially if other people could learn more, and I hope it will not harm me to try that. Now it is important for administrators to accept his term.

I have to admit I feel a bit better now. Nothing really changed however it's good to know that there is some hope, option to minimize that crazy cost, maybe even rent it and have some decent and knowledgeable support here.

Thank you all

Crazy,
Ron is experienced and well-versed in timeshares. Hope this works for you.

If it doesn't work out, then remember there are ways to improve the situation to a more livable arrangement.

Many of us have our buyer's remorse stories, but yours is an especially harsh one.
Still, you can make some lemonade (or Margaritas) from the lemon of deal. Your timeshare is a particularly good one (not a lemon, only the price and % rate), so you have that going for you. Thankfully, it's not in Orlando !

In conclusion:
Suggestions: If you own your own home, you may want to consider a home equity loan or seek a secured personal loan.
Rent it, vigorously. It will pay for the annual MF and the rest can be applied towards the principle.

Hang in there. Be kind to yourself.

All the best.


=

 

[Janann]

deleted.......

 

[dsmrp]

....
Take a timeout ... a chill pill ... talk to a REAL professional marriage therapist. Talk to an OLDER male family member ... get an understanding you are NOT the first spouse to have a PURCHASE (contract) issue in your marriage. You will encounter far GREATER issues in martial life than a timeshare purchase ... cancer, sick children, dementia, job losses, natural disasters (like hurricanes), car accidents, affair(s), demotions, relocations, boat/sports car purchase.

I seriously appreciate all comments here, and some are very constructive to me. It may help in our situation except yours - please read last part of your comment and use it - just don't post anything judging people who are already in troubles, they don't need critics like yours

I will seriously reconsider to keep it and take all these valuable advice, and learn how to use it as it kills me to lose already paid $12k. ....

I have to admit I feel a bit better now. Nothing really changed however it's good to know that there is some hope, option to minimize that crazy cost, maybe even rent it and have some decent and knowledgeable support here.
Thank you all

IMHO vacationhopeful's advice to talk to an older or trusted family member was good advice, to get a different perspective. Crazydive, several people (strangers really) have given you good and very generous suggestions to help you in your situation. Please remember the "decent and knowledgeable support here" on these forums is entirely voluntary, and on people's free time.

Unfortunately the annulment period of your timeshare contract is legally past. If Ron P's suggestion does not pan out for whatever reasons, then sounds like renting would be the next option to reduce your net out of pocket cost. At any rate, get all the HGVC points that you are entitled to and paying for, even if you have to pay a small fee more to prevent them from expiring on Jan 1.

Good luck!

 

[Jason245]

I seriously appreciate all comments here, and some are very constructive to me. It may help in our situation except yours - please read last part of your comment and use it - just don't post anything judging people who are already in troubles, they don't need critics like yours

It looks like you are going through the stages of grief and it is completely understandable.

Financial arguments are probably the number one killer of marriages in this country, and no matter what happens know that she was buying this as an investment in your mutual relationship. She may have overpaid, and it might not be perfect, but I guarantee you that your visits to the hilton club in new York or the other hgvc properties will never disappoint. There are many on TUG who would gladly exhange a week in a top quality resort in Hawaii or florida for a week in the hilton club new york.

The money part sux, but the older you get the more you realize that alone time with your loved ones in a great location and on a great property is priceless.



Sent from my SAMSUNG-SM-N910A using Tapatalk

 

[chuckisthatyou]

The bonus points can be converted to Hilton Honors

I am not sure how the points are defined in your case, but the bonus points can be converted to Hilton Honors points and they will stay in there *almost* indefinitely (there is some fine print about this, but I have never had any disappear!). I would move the bonus points expiring in 2015 to Hilton Honors at 25:1 (I too wish it was the 50:1 that normal points get for W57th Street). Then any regular yearly points for 2015, I would rescue (as someone suggested). That gets you to the regular/bonus points for 2016 and moving forward. I would consider (and you have till the end of December 2015) moving my 2016 points to Hilton Honors (at 50:1) and holding on to the bonus points until later in the year for 2016 in case I could use them. As closer to the end of 2016 comes, the more I consider moving to Hilton Honors. At that point, you can stay at wherever Hilton has a property. I have never seen the points in Hilton Honors expire, even after years of sitting in there.

However, since I do not really understand how your points are distributed, these are my suggestions. BTW, I also own at W57th and bought from the developer. The above is the approach that I have used to make the most of my HGVC points.

Best of Luck!

 

[TUGBrian]

To that end, and if you want to find out too, Ill pay his fee for you. But only if TugBrian, Denise and SueDon will agree to let me post the results (good or bad outcome) when he either succeeds or fails. And if successful, you can pay me back (or not) later.

TUG does not support the use of entities that charge significant upfront fees based on promises and guarantees to cancel/relieve/dispose of/sell/rent/whatever someones timeshare. Unless said "lawyer" has changed their business model, this sort of advertising would not be permitted on TUG.

you are of course welcome to follow through on your kind-hearted gesture to the OP, unless your intent was to merely get some advertising for your recently made lawyer friend.


to the OP, im curious as to what efforts you have made thusfar in the last 12 months of ownership to contact hilton yourself to demand/ask/plead for you to be released from your contract? or have you just continued to pay the loan?

 

[TUGBrian]

well, this argument is clearly going nowhere and my original post appears to have been ignored...so ill leave it as the last one in the thread.

I wish you the best of luck, given your multiple posts you appear well aware of your options moving forward.