• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 27 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG has now saved timeshare owners more than $17,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $17 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Timeshare contract cancellation

mjs1068

Guest
Joined
Jun 10, 2018
Messages
2
Reaction score
0
Points
1
We own multiple timeshare properties and need to get out of the contracts soon. We have had limited success selling. I am looking for specific recommendations to one of those companies that promote contract cancellation. Does anyone have any experience with one of these companies?
 

vacationtime1

Tug Review Crew: Rookie
TUG Member
Joined
Sep 7, 2006
Messages
4,214
Reaction score
1,680
Points
399
Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x3 (Scottsdale)

tschwa2

TUG Review Crew: Veteran
TUG Member
Joined
Dec 19, 2008
Messages
13,774
Reaction score
3,100
Points
548
Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
Most of those companies are going to charge you $1000-$2000 per deed to "dispose" and may or may not be successful regardless of whatever "guarantee" they offer. You should try giving it away and throw in the same $1000-$2000 in incentives- paid closing/transfer and prepaid MF's before seriously considering any of the get out of your timeshare companies.
 

Panina

TUG Review Crew: Elite
TUG Member
Joined
Jul 13, 2015
Messages
6,760
Reaction score
9,859
Points
499
Location
Florida
Resorts Owned
Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Anderson, Sunrise Bay & Club
Have you tried giving them away for free? Especially here on Tug. I have had much success finding new homes for my unused timeshares. I offer them for free and pay all closing costs.

I have seen others on tug offer additional money incentives with success for more difficult timeshare to give away.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
19,086
Reaction score
4,305
Points
749
Location
Florida
yes, where have you offered these timeshares to be given away for free?
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
34,185
Reaction score
7,662
Points
899
Location
NE Florida
Resorts Owned
Marriott's Grande Vista
Marriott's Harbour Lake
SVV - Bella
SVV - Key West
I always find it odd that people will list their timeshare for $10,000 on some site like SMTSN and when it doesn't sell will then pay some company thousands of dollars to "cancel" the contract without first considering giving it away for free.
 

mjs1068

Guest
Joined
Jun 10, 2018
Messages
2
Reaction score
0
Points
1
I always find it odd that people will list their timeshare for $10,000 on some site like SMTSN and when it doesn't sell will then pay some company thousands of dollars to "cancel" the contract without first considering giving it away for free.
No that's not the case but thanks for the tip.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
19,086
Reaction score
4,305
Points
749
Location
Florida
have you been unsuccessful in offering your timeshares for free? where have you offered them for free? maybe we can take a look at the ads and provide some feedback to make them more attractive.
 

dayooper

TUG Member
Joined
Apr 14, 2018
Messages
2,397
Reaction score
1,834
Points
224
Location
The Land of Ice and Snow
Resorts Owned
HGVC: The Flamingo, The Boulevard
We own multiple timeshare properties and need to get out of the contracts soon. We have had limited success selling. I am looking for specific recommendations to one of those companies that promote contract cancellation. Does anyone have any experience with one of these companies?
What are you trying to get rid of? This community will tell you what you need to do to get out from under your timeshare. Many people have given their timeshares away for closing costs. Much better than giving a couple of thousands of dollars to a group that may or may not be able to get rid of it. Many times it’s quicker too!
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
34,185
Reaction score
7,662
Points
899
Location
NE Florida
Resorts Owned
Marriott's Grande Vista
Marriott's Harbour Lake
SVV - Bella
SVV - Key West
No that's not the case but thanks for the tip.
My post wasn't necessarily directed at your situation, but rather the situation at large. Many people list their timeshares for years at unrealistic prices and then pay someone to take them instead of first every trying to give it away at no or little cost.

Though the question remains unanswered, have you tried to give the timeshare away in the Marketplace or in the Bargain Deals forum here on TUG? You are getting great advice, follow it before paying anyon any money to "cancel" your timeshare.
 
Last edited:

bogey21

TUG Member
Joined
Jun 8, 2005
Messages
8,963
Reaction score
4,051
Points
499
Location
Fort Worth, Texas
Back when I was divesting my first step was to call and see if Resort would do a Deed Back. If you do this, have a good reason and comprehensive knowledge of exactly what you own. I think I had six to get rid of and was able to Deed Back three. Note that it took multiple phone calls talking to different people each time to get it done.

George
 
Top