• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 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 $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • 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!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Timeshare Credit NIghtmare

C

ChiTown2SD

newbie
Joined
Mar 8, 2021
Messages
3
Reaction score
0
Resorts Owned
Tahiti Village
Several years ago my wife and I purchased a timeshare at Tahiti Village in Las Vegas. A few years into owning this thing which we rarely used we were asked to attend an owner's weekend package and got to stay for free as they explained how things were changing. They explained that our every other year week would be useless to trade unless we converted our investment into points with RCI and we would then be way better off if we upgraded to every year equivalent for RCI points. It cost us a new mortgage of 8K. Soon after that I got sick with Cancer and discovered this whole timeshare thing was a scam. Much if not everything they said was a lie.
I decided to stop paying the mortgage and eventually tried to hire a Timeshare lawyer to remove us from the contract. Long story short they got them to stop the harassing phone calls and nasty letters. I eventually recovered from Cancer but I'm now currently disabled. The lawyer got us to quit claim deed back to them. They never contested it until 6 months later and said they were nullifying the deed being returned. Our lawyer fought and it seems on paper we no longer own it.
The problem is they continue reporting 120-day late on my credit reports for well over the past 18 months. The credit agencies won't let me dispute it because we tried more than once. Does anyone know of any options we have to get them to stop reporting these late's on our credit. Can they just keep reporting this forever? Every month is a new late entry on our credit. I'm not sure why they just won't foreclose and get it off the books.
 
Tell Tahiti Village your credit has now tanked. Them continuing to report you can’t hurt you any more, and your score won’t improve even if you start paying back dues. So they may as well take the timeshare back because they are never getting another dime from you.
 
ChiTown2SD said:
Several years ago my wife and I purchased a timeshare at Tahiti Village in Las Vegas. A few years into owning this thing which we rarely used we were asked to attend an owner's weekend package and got to stay for free as they explained how things were changing. They explained that our every other year week would be useless to trade unless we converted our investment into points with RCI and we would then be way better off if we upgraded to every year equivalent for RCI points. It cost us a new mortgage of 8K. Soon after that I got sick with Cancer and discovered this whole timeshare thing was a scam. Much if not everything they said was a lie.
I decided to stop paying the mortgage and eventually tried to hire a Timeshare lawyer to remove us from the contract. Long story short they got them to stop the harassing phone calls and nasty letters. I eventually recovered from Cancer but I'm now currently disabled. The lawyer got us to quit claim deed back to them. They never contested it until 6 months later and said they were nullifying the deed being returned. Our lawyer fought and it seems on paper we no longer own it.
The problem is they continue reporting 120-day late on my credit reports for well over the past 18 months. The credit agencies won't let me dispute it because we tried more than once. Does anyone know of any options we have to get them to stop reporting these late's on our credit. Can they just keep reporting this forever? Every month is a new late entry on our credit. I'm not sure why they just won't foreclose and get it off the books.
Click to expand...


So how much has your Lawyer charged you so far to rid you of this problem (which he/she obviously has not) ?



.
 
TheTimeTraveler said:
So how much has your Lawyer charged you so far to rid you of this problem (which he/she obviously has not) ?



.
Click to expand...
It cost me 3k... I don't get bothered with any harassing phone calls or letters. I guess they will just continue to attack my credit rating. I'm a bit surprised they haven't decided to foreclose after all this time.
 
Patri said:
Tell Tahiti Village your credit has now tanked. Them continuing to report you can’t hurt you any more, and your score won’t improve even if you start paying back dues. So they may as well take the timeshare back because they are never getting another dime from you.
Click to expand...
They don't want the timeshare back... they just want to continue the scam and collect from as many people as possible. They fought the quitclaim deed!
 
ChiTown2SD said:
It cost me 3k... I don't get bothered with any harassing phone calls or letters. I guess they will just continue to attack my credit rating. I'm a bit surprised they haven't decided to foreclose after all this time.
Click to expand...


I hate to be the bearer of bad news but if you are still having repercussions from this then you spent a lot of money for a job which was not 100% complete.

If your credit report is still being dinged then your Lawyer hasn't finished his/her job and needs to take additional action on your behalf.

Just my opinion.......



.
 
Always surprises me. Why not include a $2500 bonus if someone takes the deed when listing. Should work: many people will simply want it for the cash. And there is a chance of ROFR.

Far less headaches than using an attorney and no sale: no pain (well: the MFs & assessment risk will persist). But the odds of offloading are probably far higher.
 
ChiTown2SD said:
It cost me 3k... I don't get bothered with any harassing phone calls or letters. I guess they will just continue to attack my credit rating. I'm a bit surprised they haven't decided to foreclose after all this time.
Click to expand...

Any individual can stop unwanted collection calls; I believe that right actually originates from the (Federal) Fair Credit Reporting Act. Attorney involvement was never necessary for you to achieve that one minor result entirely on your own --- at no cost whatsoever.

In regard to the previously referenced "quit claim deed" (post #1 above), I respectfully submit that you received some bad legal advice. A deed cannot just be unilaterally assigned without willing "grantee" acceptance. That "acceptance" is a fundamental requirement for any deed to be valid. If the "grantee" was not a willing participant (as was very clearly the case here), the recipient probably just threw that unwelcome and unwanted document straight into the trash. If it was possible to just unilaterally "quit claim" a deed to an unknowing and unwilling "grantee", then anyone could just randomly pick a "grantee" from the phone book. Obviously, no can do.
You stated that they "fought" the (unsolicited) quit claim deed. The fact is that they could (and plainly did) simply decline to accept it.

Foreclosure will occur at some point, but in the meantime I would respectfully suggest not wasting paying any more money for inadequate and / or incompetent legal advice ultimately accomplishing nothing for you. No attorney possesses any magic potions or mystical powers to extract you from a valid and legally binding contract into which you once voluntarily entered of your own free will.

The negative credit reporting might very well last for 7 years. However, if it's the only negative, lenders may take into account that the lone negative involves "timeshare" --- a word which in and of itself often elicits consideration of someone having been hoodwinked.
 
Last edited:
AndySamuels said:
Why not include a $2500 bonus if someone takes the deed when listing. Should work: many people will simply want it for the cash. <snip>
Click to expand...

If I understand the OP's situation correctly, there is a still a unpaid mortgage balance of +/- $8K here. If that is still the case, then transfer of ownership is not possible until / unless the unpaid mortgage is resolved first --- regardless of offering "a $2,500 bonus".
 
Last edited:
TheTimeTraveler said:
If your credit report is still being dinged then your Lawyer hasn't finished his/her job and needs to take additional action on your behalf.
Click to expand...

How do you suggest OP get his lawyer to take more action? Pay him more money and still end up right where he is now? Not me...

George
 
TheTimeTraveler said:
Force him to complete the job he was paid for.
Click to expand...

Unfortunately, the "job" for which that dolt accepted payment is a "job" which could not (and cannot) actually be accomplished at all.
 
Last edited:
Was this "Timeshare Lawyer" a real licensed attorney or just a company promising to rid you of your timeshare (an exit company)? If an attorney you got some real bad advice as any real attorney should know that you simply can't unitarily quit claim a deed (as @theo so eloquently put it). I would ask that attorney for my money back. If an exit company I am not surprised. They are in it for the large upfront fee and will do the bare bones minimum on your behalf. If it doesn't work they will just keep stringing you along for months, even years because they don't want to give up that big fee.
 
Obviously the TS needs to be paid off before it can be sold resale.

Asking a resort to take back an unpaid for TS is even more difficult to accomplish than a paid off TS in most cases.

But for paid off TS' offering a big cash bonus to sell makes more sense than paying "exit companies".
 
AndySamuels said:
But for paid off TS' offering a big cash bonus to sell makes more sense than paying "exit companies".
Click to expand...

And that's a point that many here on TUG try to drive home for people who come on here asking, "Should I use such-and-such Timeshare Exit Services or such-and-such Timeshare law firm?" Even if the company is legitimate and accomplishes what you pay it to do, it will still be a lot cheaper to do it yourself and offer an incentive than to pay a lawyer, charity, or exit/relief/cancel service.
 
How many successful sales have been made on TUG over the years as I see in the ads that many are offering their TS for 1 dollar?
 
whk said:
...many are offering their TS for 1 dollar?
Click to expand...

And many are offering theirs for free in the Bargain Deals section. Some are even throwing in an incentive such as paying the closing/transfer cost as well as sometimes the next MF.
 
Have you called the lender/developer/management company and asked if they will take a deed in lieu of foreclosure?
 
So sorry!
 
OMG, forum has changed. Haven't looked for a while since I just point people to this forum....but wow the same add for a porn site every post I look for to help people to right area for the ts 🤣🤪🙄 might have to go wash out my eyes with soap!
 
knits1 said:
OMG, forum has changed. Haven't looked for a while since I just point people to this forum....but wow the same add for a porn site every post I look for to help people to right area for the ts 🤣🤪🙄 might have to go wash out my eyes with soap!
Click to expand...
You realize that Google ads are tailored to you, meaning the ads you see are personalized based on your online activity and interests :ponder:. So you are slighting yourself, not necessarily this website. I also understand that ads are not shown to those that are logged into the forums, so not sure how you would see ads on these pages anyway.
 
knits1 said:
OMG, forum has changed. Haven't looked for a while since I just point people to this forum....but wow the same add for a porn site every post I look for to help people to right area for the ts 🤣🤪🙄 might have to go wash out my eyes with soap!
Click to expand...
Wow. I have never seen an ad for a porn site in my life. I think you just informed the world what AI models think what will be of greatest interest to you based upon your online history. You can rest assured that whomever you're sending to this site will almost 100% not see what you're allegedly seeing. :)
 
You must log in or register to reply here.
Top