Negotiating Delinquent Maintenance Fees?

[Hooknslice19]

I have a resale timeshare bought (very cheaply) on ebay that I used for a while - and then didn't. I have a few years of accumulated MFs that I know I will have to pay whether I keep the timeshare (it is a floating week, not points) or try to unload it. At this point, I am actually inclined to keep it and use it - for a bunch of reasons.

So my question is, when I go back to the HOA/management company (with my hat in my hand), do I have any basis to negotiate a reduction in the "sticker price", knowing that A) there is a (collective) positive rental value shown on the Revenue side of the HOA's budget for the various years affected; and B) there is (and has been for the relevant years) a SIGNIFICANT reduction on the Revenue side for "Allowance for Doubtful Accounts", which I interpret to mean that any payment I may make is an unexpected windfall to the HOA?

Or am I just reduced to begging and writing a check much bigger than I'd like to?

Thanks for your help.

 

[BJRSanDiego]

I have a resale timeshare bought (very cheaply) on ebay that I used for a while - and then didn't. I have a few years of accumulated MFs that I know I will have to pay whether I keep the timeshare (it is a floating week, not points) or try to unload it. At this point, I am actually inclined to keep it and use it - for a bunch of reasons.

So my question is, when I go back to the HOA/management company (with my hat in my hand), do I have any basis to negotiate a reduction in the "sticker price", knowing that A) there is a (collective) positive rental value shown on the Revenue side of the HOA's budget for the various years affected; and B) there is (and has been for the relevant years) a SIGNIFICANT reduction on the Revenue side for "Allowance for Doubtful Accounts", which I interpret to mean that any payment I may make is an unexpected windfall to the HOA?

Or am I just reduced to begging and writing a check much bigger than I'd like to?

Thanks for your help.

I think that this is a rhetorical question. The only way to know the answer is to ask.

 

[Patri]

It is worth a try.

 

[SmithOp]

you might be able to negotiate on late fees and interest, but you owe all the back maintenance fees, just because you decided not to use it.

It sounds like it's a well run HOA, you should be happy they have positive revenue, respect that and pay what you owe.

 

[TUGBrian]

yea, ive never heard of a resort allowing an owner to negotiate down delinquent fees if your goal is to bring your ownership back into good standing etc. Many associations may however have the ability to engage in a payment plan you could try that would spread out the debt to be paid in smaller installments to help you catch up. Never hurts to ask.

if you were just walking away or surrendering the deedback etc, you might have a bit more to bargain with as something is better than nothing if your plan is to no longer pay at all.