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Please I need help getting out of a timeshare

renee0718

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Hi everyone-

My parents got a timeshare decades ago and they're both out of a job and declining in health and can't pay the fees for it anymore. The timeshare is with Sapphire Resorts/Geo Holiday Vacations. I'm reaching out to see if anyone has suggestions? I read a bit about a deed back option but I'm not sure if anyone is aware if Sapphire/Geo does that and if so, how do I go about it?

Any help would be great. I have to pay for them because they can't, but I'm a student and I can't afford doing this.

Thank you in advance
 

CalGalTraveler

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@renee0718 Sorry to hear about your parents. What specific unit and resort do they own and where is it?

Check out www.responsibleexit.com to see if Sapphire is listed.
Contact developer to see if they will deed back.
If not, you can try to give away for free here on TUG. Check out the Buying, Selling Renting forum stickies for details.

Where is the timeshare located? As a last resort, if the above don't work, check out the Timeshare laws sticky. In some states such as Florida, California, South Carolina you can walk without them coming after your parent's other assets i.e. they foreclose and take back the unit. It will ding their credit but may not matter. Do not put your name on the timeshare deed no matter what.

Good luck.
 

Grammarhero

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Fredflintstone

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Hi everyone-

My parents got a timeshare decades ago and they're both out of a job and declining in health and can't pay the fees for it anymore. The timeshare is with Sapphire Resorts/Geo Holiday Vacations. I'm reaching out to see if anyone has suggestions? I read a bit about a deed back option but I'm not sure if anyone is aware if Sapphire/Geo does that and if so, how do I go about it?

Any help would be great. I have to pay for them because they can't, but I'm a student and I can't afford doing this.

Thank you in advance

Hi,

Is there any mortgage on the TS? Or, is it free and clear?

Please tell us which State the TS is in.

You are right in contacting the resort first to garner information on whether they do deed backs.


Sent from my iPad using Tapatalk
 

T-Dot-Traveller

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My parents got a timeshare decades ago and they're both out of a job and declining in health and can't pay the fees for it anymore. The timeshare is with Sapphire Resorts/Geo Holiday Vacations. I'm reaching out to see if anyone has suggestions? ............

Geo / (rebranded) - Sapphire is a points based system . I do not believe there
is a deeded week . Geo owns units within properties , as well as as some properties outright . I believe Geo is based in Las Vegas ,although it started in Toronto .

Geo / Sapphire is a mid tier timeshare system . As such there is not likely much a a “ resale “ market - evan as a giveaway for $ 0 .

Based on your parents current income / cash flow issues - I would suggest their best option may be to stop paying / go into collection ( and possibly take a credit hit ).

Advising Geo in advance ; that they are unable to pay - may or may not make sense. ( I will let others comment on this ).

If this course of action is a problem** ; my second suggestion is that you pay the MF this year and use the points for a vacation , if you are financially able to do so ( & perhaps taking them along).

** problems include things like - they are selling their house in 2020 because of their financial situation , and will need to rent . Landlords will want to check their credit as part of a lease application process . once they have been approved and are paying each month on time ;you could again review options in 2021.
 
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renee0718

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.
 

CalGalTraveler

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.

Are they located in the U.S.? or internationally?
 

Grammarhero

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.
One person reported losing 75 pts. Two other folks lost 50 pts. NV doesn’t have TS-owner-friendly laws.
 

Grammarhero

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.
@renee0718 we hope you are well. If you made the hard decision to default, would you let us know if your credit got affected? it would help tuggers moving forward.
 

Grammarhero

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.
@renee0718 We hope you are well and healthy. If you made the hard decision to default on your TS, would you kindly let us know if your credit got affected? It would help tuggers in similar situations moving forward.
 

bogey21

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First thing to do is call Geo and explain situation. Ask them to take it back. Emphasize that parents are old, can't and won't pay MFs and are willing to take hit on credit. If they brush you off, move on to Plan B...

George
 

GEOEXIT

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Wow, thank you all for your responses. T-Dot-Traveller is correct... the Timeshare is in Las Vegas. My name is not on the deed. I will talk to them about not paying and taking the credit hit... does anyone know if it'd be a significant credit hit? @Grammarhero, I will PM you if anything happens to their credit should they stop paying. I'll make a note of it.

Right now, they are paying MF annually, not sure if that makes a difference. Nonetheless, thank you all for your suggestions I will try them. Thank you thank you.
Hi, I just joined this site as I have a similar situation as @renee0718. Took over the Geo/Sapphire membership about 17 years ago from a relative. It was paid off in full when I had it transferred into my name. I have used it over the years but my lifestyle changed over the past 5 or so years. I explained multiple times to Geo, here in the Toronto office, that I no longer can afford to pay the annual maintenance fees. The fees grew from $300 USD originally to 1100 USD today. I asked if they would take it back and the answer was no. I have listed it online for free, many times, with no success. I have written Geo recently, after much research online and reading other similar stories of others wanting to end their contract. I explained that I no longer want the timeshare and that I am surrendering it to them and also stated that I will no longer pay the annual maintenance fees. Now I am waiting for a response.

Has anyone dealt with Geo in this manner /Does anyone know what kind of answer I can expect? The timshare, as far as I know, is based out of Las Vegas, Nevada but they may still have a Toronto office. I am more concerned with what, if any, legal action they may take. At the end of the day I don't mind a small hit to my credit rating if I can end this nightmare once and for all.

Thanks for any help, advice and guidance you guys can offer!
 

presley

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Hi, I just joined this site as I have a similar situation as @renee0718. Took over the Geo/Sapphire membership about 17 years ago from a relative. It was paid off in full when I had it transferred into my name. I have used it over the years but my lifestyle changed over the past 5 or so years. I explained multiple times to Geo, here in the Toronto office, that I no longer can afford to pay the annual maintenance fees. The fees grew from $300 USD originally to 1100 USD today. I asked if they would take it back and the answer was no. I have listed it online for free, many times, with no success. I have written Geo recently, after much research online and reading other similar stories of others wanting to end their contract. I explained that I no longer want the timeshare and that I am surrendering it to them and also stated that I will no longer pay the annual maintenance fees. Now I am waiting for a response.

Has anyone dealt with Geo in this manner /Does anyone know what kind of answer I can expect? The timshare, as far as I know, is based out of Las Vegas, Nevada but they may still have a Toronto office. I am more concerned with what, if any, legal action they may take. At the end of the day I don't mind a small hit to my credit rating if I can end this nightmare once and for all.

Thanks for any help, advice and guidance you guys can offer!
Never heard of that company, but most timeshares will foreclose on you. You need to stop paying and let them know that you won't pay at all anymore. Sounds like a credit hit doesn't matter to you. So, just quit paying and ignore any of their calls, letters, etc.
 

noni0617

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I'm following your situation. I have had no luck in doing any of the suggestions given on the forum short of not paying the maintenance fee and seeing what happens to my credit. I'm not old, but I'm over 55 crowd and still need some good credit. I have been following a person who owns at the same resort I do and their ad to sell is still on this site a year later. I can't seem to locate a real estate lawyer who deals with TS. It seems a lot of people could use some help in giving away their TS.
 

GEOEXIT

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Never heard of that company, but most timeshares will foreclose on you. You need to stop paying and let them know that you won't pay at all anymore. Sounds like a credit hit doesn't matter to you. So, just quit paying and ignore any of their calls, letters, etc.
Thanks . I already advised them that I will no longer pay the annual fees and will not pay another penny to them. Wondering what I can expect as a realistic response/action. Anyone experience this with Geo/Sapphire?
 

GEOEXIT

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I'm following your situation. I have had no luck in doing any of the suggestions given on the forum short of not paying the maintenance fee and seeing what happens to my credit. I'm not old, but I'm over 55 crowd and still need some good credit. I have been following a person who owns at the same resort I do and their ad to sell is still on this site a year later. I can't seem to locate a real estate lawyer who deals with TS. It seems a lot of people could use some help in giving away their TS.
Hi, are you also with Geo? What actions have they taken since you stopped paying the maintenance fees?
 

Passepartout

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@noni0617, @GEOEXIT
You haven't made clear how this TS outfit was 'informed' that you were not paying. To make sure that your 'i's are dotted and your 'T's are crossed, write their business address and have them advise you on what basis they feel that you are obligated to pay them anything. They must provide you with a contract (or other documentation, SIGNED BY YOU, that you are subject to these fees. Otherwise, tell them to pound sand.

Jim
 

GEOEXIT

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@noni0617, @GEOEXIT
You haven't made clear how this TS outfit was 'informed' that you were not paying. To make sure that your 'i's are dotted and your 'T's are crossed, write their business address and have them advise you on what basis they feel that you are obligated to pay them anything. They must provide you with a contract (or other documentation, SIGNED BY YOU, that you are subject to these fees. Otherwise, tell them to pound sand.

Jim
I sent an email and then subsequently a letter to the NV business address. I will ask for said copy of contract, signed by me, if/when I get a response from Geo. Thanks for the info
 

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GEOEXIT

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GEOEXIT

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I sent an email and then subsequently a letter to the NV business address. I will ask for said copy of contract, signed by me, if/when I get a response from Geo. Thanks for the info
Update as of Jan 21, 2021:
It's been about 2 weeks and I have not received a response to my emails or letter sent to Geo. I received the annual membership dues invoice yesterday and I still intend on not paying it. I also looked at the website www.responsibleexit.com and sent an email last week to ARDA to find out if they can provide any info on an exit plan that GEO may offer its members; no response to date. I will update with any news
 
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chaparrusa

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vacation village at bonaventure , sheraton vistana orlando ,
i have said it before and i said it again , as much helpful as this forum can be , the majority of people are just speculating and for sure don't know squat .

i have defaulted in many timeshares from different companies altogether as i was ultimately going for bankruptcy , meaning i didn't care no more . MOST companies besides sending you into collection and of course foreclosing on the unit CAN NOT do anything else (providing there is no loan in the unit , that will be a different case), the credit hit as everybody will know ,it mostly depends on your own credit . it is not a set # 50 , 70 points . the good news is even if a lender sees it they would not care much about it . i took a loan in a car in a deal at 1.95 % interest putting down 20% almost a year after i defaulted . everything else remain the same , i still pay the same % on my mortgage , it is not like they are going to change it . NO FEAR , JUST DO IT! ,

it is very sad to meet this folks that out of fear have been paying this ridiculous MF year after year , sometimes even not using their timeshare just because they live in fear . the reward is not just to get out of the EXTORSION but it is more a mental relief as then you will discover there is and always have been a better way to travel
let me introduce you HOTELS.COM , no annual memberships , no weekly stays , no solicitation phone calls or presentations , it cost you $0 dollars
you can have thousands of places a lot of them way better that the timeshare resorts in the area ,if there are any . i often see timeshares resorts even for less than what an "owner" will pay maintenance for . just ridiculous and pitty . The damage that the presentation does to most folks that fell in the trap is not the 10 thousand , 25k or just 2k they scammed from them but it is incredible how they got traumatized for life , as they really believe the only option to go on vacation is what RCI has available , the 5 outdated resorts in the area and how they have to make arrangements to accommodate to what it is available , e.g. can only check in on a friday

FREEDOM and the pursuit for happiness , it is actually in our constitution , and there is TUG and EBAY where you can get one for free even with MF paid (i will not get one unless it comes with MF paid in advance)

p.s. i did keep my Marriott units , PBV nuevo vallarta , week 4 French ridge ,Saint augustine beach and tennis club Floating prime season and Silver lake resort that gives me good amount of points for a decent value on RCI points. i am retired and do travel a lot and i still use exchange companies like Trading places (my favorite) , interval international where i trade my Marriotts and Platinum interexchange . i do rent part of my stays with VRBO , e.g. stay weekdays at Tahoe and rent it for the weekend usually pay my stay . i do prefer to travel when it is not crowded .

to summarize , you can still use the network even when you are out , you can actually just use a travel agency (hotels.com) but do yourself a favor and stop feeding the sharks and get liberated from the extorsion and the fear.
:)

i do have a credit card with HOTELS.COM and i'm Platinum member , i do get the 10% rewards that anybody can get + granted early check ins and sometimes free upgrades . i feel appreciated as i never felt with the timeshare companies . For those that love Vegas or Cruising your best bet is the Mlife card from MGM/Royal Caribbean , check their program and be prepare to get rewarded , they really know how to spoil you , to me the best reward program in the entire tourism industry
i often wonder if someone instead of buying a timeshare would have prepaid a program like with these companies , could have enjoy cruises and luxury stays instead of that nightmare they got themselves into , what a shame . live and learn
 

GEOEXIT

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Update as of Jan 21, 2021:
It's been about 2 weeks and I have not received a response to my emails or letter sent to Geo. I received the annual membership dues invoice yesterday and I still intend on not paying it. I also looked at the website www.responsibleexit.com and sent an email last week to ARDA to find out if they can provide any info on an exit plan that GEO may offer its members; no response to date. I will update with any news
i have said it before and i said it again , as much helpful as this forum can be , the majority of people are just speculating and for sure don't know squat .

i have defaulted in many timeshares from different companies altogether as i was ultimately going for bankruptcy , meaning i didn't care no more . MOST companies besides sending you into collection and of course foreclosing on the unit CAN NOT do anything else (providing there is no loan in the unit , that will be a different case), the credit hit as everybody will know ,it mostly depends on your own credit . it is not a set # 50 , 70 points . the good news is even if a lender sees it they would not care much about it . i took a loan in a car in a deal at 1.95 % interest putting down 20% almost a year after i defaulted . everything else remain the same , i still pay the same % on my mortgage , it is not like they are going to change it . NO FEAR , JUST DO IT! ,

it is very sad to meet this folks that out of fear have been paying this ridiculous MF year after year , sometimes even not using their timeshare just because they live in fear . the reward is not just to get out of the EXTORSION but it is more a mental relief as then you will discover there is and always have been a better way to travel
let me introduce you HOTELS.COM , no annual memberships , no weekly stays , no solicitation phone calls or presentations , it cost you $0 dollars
you can have thousands of places a lot of them way better that the timeshare resorts in the area ,if there are any . i often see timeshares resorts even for less than what an "owner" will pay maintenance for . just ridiculous and pitty . The damage that the presentation does to most folks that fell in the trap is not the 10 thousand , 25k or just 2k they scammed from them but it is incredible how they got traumatized for life , as they really believe the only option to go on vacation is what RCI has available , the 5 outdated resorts in the area and how they have to make arrangements to accommodate to what it is available , e.g. can only check in on a friday

FREEDOM and the pursuit for happiness , it is actually in our constitution , and there is TUG and EBAY where you can get one for free even with MF paid (i will not get one unless it comes with MF paid in advance)

p.s. i did keep my Marriott units , PBV nuevo vallarta , week 4 French ridge ,Saint augustine beach and tennis club Floating prime season and Silver lake resort that gives me good amount of points for a decent value on RCI points. i am retired and do travel a lot and i still use exchange companies like Trading places (my favorite) , interval international where i trade my Marriotts and Platinum interexchange . i do rent part of my stays with VRBO , e.g. stay weekdays at Tahoe and rent it for the weekend usually pay my stay . i do prefer to travel when it is not crowded .

to summarize , you can still use the network even when you are out , you can actually just use a travel agency (hotels.com) but do yourself a favor and stop feeding the sharks and get liberated from the extorsion and the fear.
:)

i do have a credit card with HOTELS.COM and i'm Platinum member , i do get the 10% rewards that anybody can get + granted early check ins and sometimes free upgrades . i feel appreciated as i never felt with the timeshare companies . For those that love Vegas or Cruising your best bet is the Mlife card from MGM/Royal Caribbean , check their program and be prepare to get rewarded , they really know how to spoil you , to me the best reward program in the entire tourism industry
i often wonder if someone instead of buying a timeshare would have prepaid a program like with these companies , could have enjoy cruises and luxury stays instead of that nightmare they got themselves into , what a shame . live and learn
Thanks for the input. I decided this year to put an end to it and stop paying the annual MF. Let's see what action they take, if any.
 
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