Not paying Maintenance Fees!

[Birdiegirl22]

I have tried everything to work with my timeshare to get rid of it. They have done everything not to talk to me except to demand their maintenance fees. The TS is paid off, we never use it and we don't care about our credit. I'm hoping they will work with us for a deed in lieu or just do a foreclosure. So dumb that it has to come to this as I would be willing to bring it current if they would accept the deed back.

 

[Patri]

Stand strong.

 

[DeniseM]

Why don't you give it away on TUG: TUG FREE TIMESHARE FORUM

 

[TUGBrian]

if you have made every effort to give it away or give it back then that is your only viable option to end your ownership.

noone says its a good one, but in more and more cases its the best "bad" option you have left.

 

[rickandcindy23]

Soleil Management is the worst of all management companies. They aren't communicative, increase fees without giving us reasons why, and they even pay property taxes late and then send us bills with late fees due.

We are considering walking away after 2026. We will still book our 2026 weeks but I don't see us keeping our Soleil-managed weeks much longer. The company reallly should sell their holdings to a better entity.

We saw Diamond taken over by Hilton, Bluegreen taken over by Hilton, and Shell taken over by Wyndham, Sheraton/ Westin and Hyatt taken over by Marriott, and probably some others I haven't mentioned.

Here we have this independent management company, Soleil, with several resorts on Maui, Vegas, and one in Davenport, FL., and maybe some others, but they are poorly managed, fees are increasing with no explanation at all, and they really have no real success at selling inventory they get back from owners through foreclosure. Stupid company.

 

[vacation911]

I have tried everything to work with my timeshare to get rid of it. They have done everything not to talk to me except to demand their maintenance fees. The TS is paid off, we never use it and we don't care about our credit. I'm hoping they will work with us for a deed in lieu or just do a foreclosure. So dumb that it has to come to this as I would be willing to bring it current if they would accept the deed back.

Sounds like you tried to give them options. If you don't care about the credit ding, and have offered these options, I agree with your decision. You gave them their options.

 

[Carlsbadguy]

Does anyone know how mauch of a credit ding you get after walking away. I have 1 timesahre that the Management ocmpany won't take back and no offer for deedback.

 

[Fido Chuckwagon]

Does anyone know how mauch of a credit ding you get after walking away. I have 1 timesahre that the Management ocmpany won't take back and no offer for deedback.

If it’s just unpaid maintenance fees it could be no credit impact whatsoever.

 

[andre10056]

I have tried everything to work with my timeshare to get rid of it. They have done everything not to talk to me except to demand their maintenance fees. The TS is paid off, we never use it and we don't care about our credit. I'm hoping they will work with us for a deed in lieu or just do a foreclosure. So dumb that it has to come to this as I would be willing to bring it current if they would accept the deed back.

I'm so sorry to hear about how you're being treated. But, of course, you're not the only one within the universe of timeshare owners being treated exactly that way.

At first glance, it doesn't seem to make sense that timeshare HOAs ever treat people that way. After all, if they foreclose, all they'll get is a judgment for whatever you might not have paid in maintenance fees plus fees and interest, etc. But that's exactly what you're proposing to pay them in order for them to do a deed buyback! So logically why aren't they doing it?

If they'll hire an attorney, depending on the laws wherever they bring the foreclosure action, their judgment might include attorney's fees. But the attorney gets those, not the HOA.

The only thing I can think of is that they know they'll never be able to resell the timeshare to anyone else. Hence, they'll want to keep you on the books as long as they statutorily can in order to maximize the ultimate deficiency judgment for which they'll try to sue. And, in the meantime, perhaps rent out your timeshare.

I would consult with a lawyer in the timeshare's jurisdiction as to what you might reasonably expect. Perhaps he/she can guide you on an optimal course of action.

Also, I would consult Grammarhero's excellent review of each state's timeshare laws. In Florida, for example and as I understand it, you can stop paying your maintenance fees and the only recourse the timeshare would have is to foreclose. And assuming you DON'T object to the foreclosure, the timeshare entity cannot have a deficiency judgment entered against you. Which makes the timeshare entity very negotiable about deed buybacks. As a result, all but one of the four timeshares I own are Florida timeshares. I may have to make use of that law someday.

 

[ScoopKona]

Does anyone know how mauch of a credit ding you get after walking away. I have 1 timesahre that the Management ocmpany won't take back and no offer for deedback.

Lenders are fairly understanding about timeshare defaults from what I understand.

If you want to speed up the process (which is the way to go if you're going to rip this particular band-aid off), send the company a letter stating your intention to stop paying fees, walk away, and offer them the deed in lieu of foreclosure. Maybe they take it. But if not, they can start the foreclosure process immediately. The sooner you're rid of it, the sooner you can improve whatever ding happens to your credit.