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timeshare compliance

Ron89122

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has anyone used timeshare compliance to try to get out of there timeshare and if so what was your experience
 

geist1223

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Did you contact them? Or did they contact you? Do they want any amount of money up front? There is no magic formula that anyone has to legally get you out of a voluntarily signed contract.
 

TheTimeTraveler

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has anyone used timeshare compliance to try to get out of there timeshare and if so what was your experience


There's no magic wand to get out of your legal responsibility, so be very careful. Most of these "get out of Timeshare Companies" are nothing but scams, and many require up front cash.....

Would you pay upfront cash to your Real Estate Broker to sell your home? Of course not. Once they have the money they will disappear.

Either give your Timeshare away here on TUG, or see if the Resort is willing to take it back from you (Deed Back).





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LannyPC

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has anyone used timeshare compliance to try to get out of there timeshare and if so what was your experience
Can you provide a few more details such as where the TS is located, how much you owe on the mortgage, and if you are up-to-date on your MFs or not?

I noticed you have one with Vidanta so I am assuming that it is in Mexico and that it is a Right-to-Use (RTU). If that is the case, most RTUs are just memberships and can be terminated by just stopping payments. You might get a barrage of collection calls and letters but those are more of an annoyance than a threat.
 

TUGBrian

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Ron89122

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Can you provide a few more details such as where the TS is located, how much you owe on the mortgage, and if you are up-to-date on your MFs or not?

I noticed you have one with Vidanta so I am assuming that it is in Mexico and that it is a Right-to-Use (RTU). If that is the case, most RTUs are just memberships and can be terminated by just stopping payments. You might get a barrage of collection calls and letters but those are more of an annoyance than a threat.
yes vidanta is in mexico we are current but still owe 23000 and pay 450 a month would love to get rid of it.. how can I find out if its a RTU
 

Ron89122

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Did you contact them? Or did they contact you? Do they want any amount of money up front? There is no magic formula that anyone has to legally get you out of a voluntarily signed contract.
I seen there ad on tv and contacted them.. yes they want 2000 up front to get me out of both TS
 

Ron89122

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As far as I know, all Mexican Timeshares are RTU (right to use). No deeded timeshares in Mexico.




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how can I find out for sure if vidanta is a RTU.. I really want to get rid of those payments
 

geist1223

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NiteMaire

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how can I find out for sure if vidanta is a RTU.. I really want to get rid of those payments
I'm not an owner, but Vidanta is RTU. @Eric B @pittle and @T-Dot-Traveller are owners and can correct me if I'm wrong.

Those fee upfront companies aren't going to do anything for you that you can't do yourself (or learn from TUG/tuggers). You can find additional information by searching TUG for "stopping payment on Mexican timeshare" or something similar to that.
 

T-Dot-Traveller

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yes vidanta is in mexico we are current but still owe 23000 and pay 450 a month would love to get rid of it.. how can I find out if its a RTU
It is a RTU - if you review your contract you will see details .

since it has a loan balance it makes it more complicated
 

T-Dot-Traveller

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I seen there ad on tv and contacted them.. yes they want 2000 up front to get me out of both TS
how can I find out for sure if vidanta is a RTU.. I really want to get rid of those payments
If you choose to stop paying on the loan - there is a potential for a credit report hit
you can make this choice for $ 0

Paying $ 2000 to timeshare compliance is a complete waste of money
 

Lanswitch

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From what I understand , it’s virtually impossible to transfer ownership of a timeshare if it has not been fully paid for.
Others opinions?


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T-Dot-Traveller

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From what I understand , it’s virtually impossible to transfer ownership of a timeshare if it has not been fully paid for.
Others opinions?
Sent from my iPhone using Tapatalk
Worldmark is an exception / I believe you can find details in the TUG Worldmark sub forum.
Worldmark sells for positive dollars above $ 0.

by memory - an ebay listing of 6000 points could sell for $1300 + / 10,000 points - $2500+
occasionally you see will see an ebay sale significantly below the average - when you read the listing it will often mention assuming a loan balance .
 

Lanswitch

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Thanks. I didn’t know that.


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