Geez, Bill, why are you posting basically an ad for this company, touting their BBB rating and their wording on their website.
This company is crooked as my fingers are from arthritis. I wouldn't give them the time of day, and frankly, I find their commercials so filled with lies and innuendo, they are doing a major disservice to the timeshare industry with those lies alone.
First, your heirs do not have to take any part of an estate after you die. This is a scare tactic used by many companies before Timeshare Exit Team existed. It’s a scare tactic to get people to pay up for “help.”
Second, floating weeks and point systems are easy to book when you call the resort a year in advance and book your time. You often have to pay maintenance fees ahead of time. If winter and spring are the prime seasons, and your week floats 1-52, everyone can’t get the prime weeks, but the early birds will get them. Additionally, fixed weeks are never denied to an owner, as long as one pays the fees ahead of the week; otherwise, the management company is directed to rent that time to recover the fees.
Third, fees go up because everything goes up. Our original fees for a 3 bedroom in Fraser, CO, were $202/ year. They are now $610/ year. It’s a bargain for a 3 bedroom, 2 bathroom near Winter Park ski resort. It isn’t fancy, but it’s clean. And yes, fees are often lower when the sales staff is aggressively selling the product because the developer wants to tout low fees. The developer leaves and the HOA board has to look at the budget and adjust accordingly.
Fourth, mortgages on a timeshare are not held by the developer of the timeshare, much like the mortgage on your house is not held by the builder. Same thing. So the developer cannot get you out of the mortgage. Timeshare Exit Team cannot get you out of a legally binding mortgage, either. You can get out of a mortgage, but not without damage to your credit.
Fifth, exchanging works great. It’s not a guarantee of getting whatever you want, whenever you want. Planning ahead is a good idea. You have to enter an ongoing search way ahead, and sometimes owners use their own weeks at their resorts. For example, Maui during whale season is nearly impossible. We wouldn’t deposit our Maui weeks into any exchange system because we go each year. Spring break in Anaheim is tough, too, because owners use their weeks for those times of year.
Sixth, if you cannot get the week you want at your home resort, call and ask how you can get the float week you want. Most old resorts have fixed unit/ week, so you cannot just get any week you want, you have to take the week you bought.
Along with that, I have to say, if Starwood or Wyndham or Marriott wants to rent some inventory for deadbeat owners who aren't paying their fees, or if they own some inventory and need to rent it, that's okay with me, because I haven't lost use of my weeks in any way because I know when I need to book my weeks. I educated myself on the effective way to use what we own. I never have to worry about having to call to rent the week I want because I cannot reserve it with my owned week.
Okay, well some of that was redundant. I wrote this letter to Glenn Beck's radio team because I don't think I can listen to another commercial. Ugh!
This is so damaging to the industry of timeshare, I would think there would be laws to keep these companies from lying, and that ARDA could stop it.
