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Removing an Ex

Linda, it looks like you are getting good advice and I think you have a good handle on things, but I have to tell you. I had my ex-wife transfer everything to me and our timeshare was paid off. Do not be so quick to get his name removed because it may sound good right now, but you will own it free and clear. It is very hard to sell, donate, or rent. I will share more with you if you care.
Good luck.
 
I don't want him to have access to it!! He is with someone else now and afraid that he will try to use it. It's a points resort so it's ANYWHERE in the world. I mean all passwords and emails have been changed and all info is in my name FIRST and all addresses and phone numbers are mine. AND the resort knows the situation. :) BUT again, he is still on the deed/mortgage and i still have 55 more payments plus yearly maintenance and renewal fees. I am using it somewhat but again, don't want to see his name all the time and don't want him to have access. He will still be on the mortgage so his credit will still show that which is good. :) but again, want nothing to do with this loser who won't even pay ANYTHING on it
 
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You could always try a personal loan company to refinance the timeshare if you qualify credit wise. Lightstream actually advertises timeshare loans for much lower interest than the developer would charge you. These are really just unsecured personal loans but you use the proceeds to pay the timeshare mortgage in full. You have a loan in just your name and since the timeshare is considered paid off by the resort you can transfer it into just your name.

https://www.lightstream.com/timeshare-loans
 
Benny; refinancing is not an option. OH, and to throw more (*&^ in the mix..when i was living there, his parents got a loan for us to have an office put on the house...$25,000 and when i moved out in march, I told him that I would still pay on it; 'why, you don't live here anymore'. Well, now he wants the money. Things are super ugly between us! ANYWAY, bottomline, i have a feeling that if i do get a lawyer and/or someone that CAN cancel the contract, he won't sign because of this outstanding loan THAT HE HAS to pay for the office. So probably either way...i'm SOL
 
so just got off the phone with a firm that only handles timeshare cancellations...they want $1680 and they said they can work with only me and not the ex to cancel this...true? Not true? BBB had a few complaints but they seemed resoved and about 7 'praises'...
 
lindadi62 said:
so just got off the phone with a firm that only handles timeshare cancellations...they want $1680 and they said they can work with only me and not the ex to cancel this...true? Not true? BBB had a few complaints but they seemed resoved and about 7 'praises'...
Click to expand...

Most of these companies are scams - they aren't even lawyers.

The best of them just have some form letters that they will send out to the resort demanding that they cancel your ownership, and that's it.

The worst of them just steal your money and disappear.

The resort does not have to take back your timeshare unless they want to, and you will be out $1,680, and still own a timeshare.
 
She already said that they weren't lawyers...but yea, $1680 is a lot to be out...I just can't afford the $203 a month...ON MY OWN and the maintenance fees!!
 
So, let's be logical: why would the resort take back your timeshare, because they get a form letter from these people?
 
:(:(:(:(:(:(:(

so nothing can be done?? I can't do this timeshare anymore...on my own and with the maintenance fee every year FOR THE REST OF MY LIFE
 
It's not for the rest of your life - once it's paid off, you can sell it or give it away.

At first you just wanted to get him off the deed - that's far easier.

Canceling the ownership, and the loan is much more difficult, because you signed a legal contract.

If you are to the point where you are ready to take a credit hit, you can just let it go into foreclosure. Eventually, they will take it back, but they won't make it pleasant.
 
I have looked around trying to figure out how to get him off of it. Again, still owe about 11,000 on it; he now wants to use it, of course ON MY DIME, obviously since he isn't paying. Just tired of the headaches
 
So, go use it or deposit it into an exchange company and trade it to someplace YOU want to go....

You are just fretting over STUFF YOU CAN'T CONTROL... figure out stuff YOU can control. The loan has to be current as the MFs, but deposit it into an exchange company & go make NEW memories...;)
 
lindadi62 said:
I have looked around trying to figure out how to get him off of it. Again, still owe about 11,000 on it; he now wants to use it, of course ON MY DIME, obviously since he isn't paying. Just tired of the headaches
Click to expand...

We already explained how to take him off the deed - go back and review the first few posts in this thread - that is DIFFERENT than taking him off the loan.

To encourage him to cooperate, tell him that unless he takes his name off the deed, you are going to stop making the payments, and not only will he not be able to use it, but the credit hit will also go against him.
 
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Nope --- T'ain't so...

lindadi62 said:
so just got off the phone with a firm that only handles timeshare cancellations...they want $1680 and they said they can work with only me and not the ex to cancel this...true? Not true?
Click to expand...

Just to reinforce this important point so that you don't waste your money, there is essentially no such thing as a unilateral "timeshare cancellation".

No such lawful, binding, contractual obligation can be just "cancelled" at will by one of the parties. It's a contract, not a pre-paid magazine subscription.
 
Maybe the thing to do is to take yourself off the deed and then default, letting the loan holders extract their pound of flesh from the ex. They would have a hard time collecting from you when the deed is in his name.

Just a thought.

Jim
 
Passepartout said:
Maybe the thing to do is to take yourself off the deed and then default, letting the loan holders extract their pound of flesh from the ex. They would have a hard time collecting from you when the deed is in his name.

Just a thought.

Jim
Click to expand...

Taking herself off the deed, doesn't take her off the loan.
 
If he wants to use it, he should pay the loan. Offer him a contract whereby:
1. You give him a Quitclaim Deed; and
2. He agrees to pay the loan as/when due and all future fees & assessments, and hold you harmless.

The holder of the note can still hound and name you in a foreclosure lawsuit, but at least then, you can file a cross-claim against him. You could otherwise sit tight and wait to be served. If that happens, consider filing Bankruptcy to discharge the debt and get a fresh start.

When my secretary divorced, she agreed to assume their CC debts. I'm not sure what she got out of the deal, but now, faced with having to run a separate household on her own, it's too much and she's talking to Bankruptcy lawyers. The sad fact is two separate households cost a heck of a lot more than a single household, and a lot of folks aren't ready for that reality.
.
 
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