• 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 30 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 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 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 $23 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!
  • 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!

Unpaid Maintenance Fees

Peace08

newbie
Joined
Nov 20, 2015
Messages
5
Reaction score
0
Location
Las Vegas
What's the timeshare, and are fees currently delinquent?

The timeshare is the Grandview at Las Vegas and maintenance fees are current, in fact it's actually paid in full. I have it for rent and for sale on TUG.
 

Peace08

newbie
Joined
Nov 20, 2015
Messages
5
Reaction score
0
Location
Las Vegas
The quickest way to get rid of your timeshare is to find someone else to buy it and to take your name off the deed, or check and see if the resort will allow you to deed it back to them. If you stop paying you're still going to "own" it at least for several more years until they choose to foreclose.

Are the maintenance fees all that you owe, or do you still owe on the purchase too? How far behind are you (if at all)? Those would have to be answered if you want the best advice from here.


Maintenance fees are current and it's paid for in full. I have it for rent and for sale on TUG. I will call and see if the resort will take it back. I think I brought it for a great deal, 10k, and it's worthwhile if I actually use it, just don't like the maintenance and exchange fees.
 

Phydeaux

TUG Member
Joined
May 20, 2010
Messages
2,760
Reaction score
311
Location
Somewhere, USA
IMHO, not so much defensive as accurate, from the POV of a HOA-BOD trying to enforce MF's for the benefit of all other owners. It's not an easy task deciding what's in the best interest of the owner's as a group. Do you (1) let a delinquent owner off the hook with a deed-back, (2) turn him over to a collection agency, or (3) commence foreclosure proceedings -- all of which means (a) no MF from that owner and (b) more expenses for the HOA, which does what? Increase MF's for other owners. Who pays for that?

-- This isn't rocket science.

What the HOA-BOD cannot do is simply let it slide. That would be contrary to their fiducuary duties.

But it is also true that a foreclosure could have minimal consequences for a defaulting owner. Perhaps no one will refer the matter to a collection agency or notify the credit reporting agencies, no one will check for judgment liens, and a bank will rely on a credit report that overlooked it.

First hand experience: I had a brother who stopped paying a mortgage (and other bills) who we took in for a few months. The calls from collection agencies, certified letters, and other annoyances finally stopped... after about two and a half years. But who knows? It may not happen to you.
.


.

Where?

Well, we're getting luke warm. Any first hand experience with a timeshare? Say, in Mexico?
 

GinaMarty

TUG Member
Joined
Nov 20, 2015
Messages
14
Reaction score
0
Doing my best to sell...

I'm being a good daughter, and trying to get rid of my Dad's timeshare. Very happy to find this site--nice to have people NOT trying to scam you, you folks are great at tracking that down.

Here's the details: Alpenland Sporthotel St. Johann im Pongau, Austria. I actually took Dad there five years ago so he could see it, it's nice! Studio, floating week, paid in full and current on the maintenance fees of $680.60 a year. One week booked from this year, and of course another available for 2016.

Here's what I've done:
First, contacted American Resorts International to check on details and see if they'd deed back. Nope.
I've contacted three charities to see if they'd take it. Nope.
So, listed in TUG marketplace and Bargain Deals, for free.
I'll put it up on Ebay.
I've listed it with Worldwide TSHypermarket, since they seem to be more active in Europe.

But...what happens if I get no takers? I'll post my results here, and I'm hoping for good ones, but any suggestions for when all the options are exhausted? There are quite a few of these for sale from resellers, I'm guessing they're not popular just due to the distance from the US.

Thanks for any advice...I know, if it were easy there wouldn't be so many frustrated folks on here...
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,129
Reaction score
1,961
The timeshare is the Grandview at Las Vegas and maintenance fees are current, in fact it's actually paid in full. I have it for rent and for sale on TUG.

Okay, what week, and 1 bedroom or 2? Is it in RCI points?
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,679
Reaction score
9,652
Location
Florida

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,679
Reaction score
9,652
Location
Florida
personally in your situation, id make more efforts to pressure the resort into taking it back. write the HOA an actual letter, be honest and stern about the situation...even mention your options at this point are to just stop paying.
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,129
Reaction score
1,961
personally in your situation, id make more efforts to pressure the resort into taking it back. write the HOA an actual letter, be honest and stern about the situation...even mention your options at this point are to just stop paying.

Grandview is a pretty popular place. Even if it isn't in RCI Points, if it isn't one of the worst weeks in Vegas, someone will take it off OP's hands if the OP offers simply to pay the transfer fee, 250, and possibly a closing company, though deed transfer is pretty simple in Nevada, so 400 tops and he doesn't have to deal with bad credit. If it IS in RCI points or is Week 9-45 or 51-52, his options should range from buyer paying transfer and closing, to OP even making a few bucks back on it.

Either way, the $10K investment should be looked at as a sunk money, an irrecoverable loss. Grandview still has a LOT of inventory it needs to sell, so deedback isn't going to be an option.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,679
Reaction score
9,652
Location
Florida
ah, i was reading the most recent post that mentioned they tried all that to no avail...didnt realize that was a completely different poster from the OP!
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,129
Reaction score
1,961
Plenty of misinterpretations to go around today LOL
 
Last edited:

GinaMarty

TUG Member
Joined
Nov 20, 2015
Messages
14
Reaction score
0
personally in your situation, id make more efforts to pressure the resort into taking it back. write the HOA an actual letter, be honest and stern about the situation...even mention your options at this point are to just stop paying.

Sorry, I was piggybacking, didn't want to start a whole new thread. Yep, I'm following the advice that I've read. Thanks for the tips. I'll start hassling ARI more. Just wondering...if all of the above doesn't work, what then?
 

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
5,283
Reaction score
3,358
Location
British Columbia
I think I brought it for a great deal, 10k...

I don't want to rub salt in your wound but I would hardly call buying a Las Vegas TS for $10k "a great deal", especially in your OP you state how badly you want to get rid of it and that you will let it go for free.

How did the salesperson convince you that $10k for something that can probably be bought for $1 or less is " a great deal"?:ponder:
 

chalee94

TUG Member
Joined
Jan 3, 2009
Messages
1,055
Reaction score
151
Location
NC
Of those that are suggesting credit dings, bad things will happen, etc., are you speaking from first-hand accounts? Can you provide an example or two, of people you know personally that had their credit dinged?

like theo, i only know from the people doing the "dinging" - my resort manager.

filing with the credit agencies is one way to motivate people to pay their debts - it's a tool to keep bad debt expense down.
 

MuranoJo

TUG Member
Joined
Jun 7, 2005
Messages
4,946
Reaction score
186
Location
Idaho
I'm being a good daughter, and trying to get rid of my Dad's timeshare. Very happy to find this site--nice to have people NOT trying to scam you, you folks are great at tracking that down.

Here's the details: Alpenland Sporthotel St. Johann im Pongau, Austria. I actually took Dad there five years ago so he could see it, it's nice! Studio, floating week, paid in full and current on the maintenance fees of $680.60 a year. One week booked from this year, and of course another available for 2016.

Here's what I've done:
First, contacted American Resorts International to check on details and see if they'd deed back. Nope.
I've contacted three charities to see if they'd take it. Nope.
So, listed in TUG marketplace and Bargain Deals, for free.
I'll put it up on Ebay.
I've listed it with Worldwide TSHypermarket, since they seem to be more active in Europe.

But...what happens if I get no takers? I'll post my results here, and I'm hoping for good ones, but any suggestions for when all the options are exhausted? There are quite a few of these for sale from resellers, I'm guessing they're not popular just due to the distance from the US.

Thanks for any advice...I know, if it were easy there wouldn't be so many frustrated folks on here...

That's really commendable of you to help your father, Gina. I think it's great to reach out to other locations which might have a more active international market. At first I was going to suggest Bidorbuy, but it may be more geared to South Africa (SA). Still may be worth checking out since SA draws a lot of EU travelers.

But we do get posters from all over the world at times, so who knows. I've heard from a few folks who have sold or given away their SA to SA residents here on the Bargain Deals forum. I'd keep trying...and good luck!
 

Peace08

newbie
Joined
Nov 20, 2015
Messages
5
Reaction score
0
Location
Las Vegas
I don't want to rub salt in your wound but I would hardly call buying a Las Vegas TS for $10k "a great deal", especially in your OP you state how badly you want to get rid of it and that you will let it go for free.

How did the salesperson convince you that $10k for something that can probably be bought for $1 or less is " a great deal"?:ponder:

You're right, it wasn't such a GREAT deal after all, not even close once I actually did my research. The ONLY consolation is, maintenance fees aren't as high as most and I can rent it out to cover most of my maintenance fees as well as use it, as it is a nice resort. And YES, my 10K is gone. It's definitely an EXPENSIVE lesson learned.

I plan to contact the person who sold it to me and let him know that he should have been more upfront and honest, especially since he tried to hit on me after the sale...jerk, needless to say I didn't accept his offer...good decision for once.
 
Last edited:

ace2000

TUG Member
Joined
Dec 17, 2006
Messages
5,032
Reaction score
152
If I have to foreclose than so be it, I already own a house thus taking a ding in my credit won't be a big deal.

I don't understand why you keep bringing up the foreclosure option. You said it's paid off and you are current with the maintenance fees. Just throw in something extra and sell it (extra $500 cash, or a year of maintenance fees that you've paid in advance). That should get rid of it for you, and it's a far better option than the harassing phone calls and the credit hit.
 

raygo123

TUG Member
Joined
May 15, 2011
Messages
2,068
Reaction score
259
Location
twinsburg ohio
Suicide is NEVER the answer. You're right I should have did my research before purchasing it but like so many others I did not and I just want to do the right thing in getting rid of it. If I have to foreclose than so be it, I already own a house thus taking a ding in my credit won't be a big deal.
Hey, don't feel bad. Everyone on here thinks I'm crazy too. I bought 490000 Wyndham points direct. I had bought a few different systems, sold a few, resale, before I bought Wyndham. If you look at the posts, just about everyone on here made a purchase from a developer. Have you enjoyed it at all?
So which timeshare did you buy? Maybe it is a matter of not using it right. I have been able to obtain extra vacations since I came to the site.

One other reason people come to this site is they cannot afford the maintenance fees, and want out. If this is your case, that's a true problem. I would probably go for foreclosure as well, but as a last resort.
Rentals are too much of a hassle, so I would go sell first and as a last resort foreclosure.

Foreclosure takes alot of time and hassle as well

Sent from my Nexus 7 using Tapatalk
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,316
Reaction score
1,132
Maintenance fees are current and it's paid for in full. I have it for rent and for sale on TUG. I will call and see if the resort will take it back. I think I brought it for a great deal, 10k, and it's worthwhile if I actually use it, just don't like the maintenance and exchange fees.
Offer to pay for a year's worth of MFs. Grandview is regularly mentioned here and I think people tend to like owning there.

If you really don't care about your credit rating, contact the resort and let them know you won't continue paying as you no longer want it. That will help speed up the foreclosure process. You may even convince them to do a deed back.

I'm being a good daughter, and trying to get rid of my Dad's timeshare.

But...what happens if I get no takers?
Can your dad no longer take responsibility for this? If he cannot, I'd keep the ads going, but stop paying. Let the resort deal with the consequences. If your dad is not able to deal with it, I'm assuming he won't need a great credit rating.
 

GinaMarty

TUG Member
Joined
Nov 20, 2015
Messages
14
Reaction score
0
Offer to pay for a year's worth of MFs. Grandview is regularly mentioned here and I think people tend to like owning there.

If you really don't care about your credit rating, contact the resort and let them know you won't continue paying as you no longer want it. That will help speed up the foreclosure process. You may even convince them to do a deed back.


Can your dad no longer take responsibility for this? If he cannot, I'd keep the ads going, but stop paying. Let the resort deal with the consequences. If your dad is not able to deal with it, I'm assuming he won't need a great credit rating.

Yep, Dad's on a fixed income and can't afford it. He doesn't need a good credit rating, but he'll go hungry trying to pay his bills. It's sad, I'm frustrated, and really just trying to get it gone. Does it help to offer another year of maintenance fees? I'd pay that myself to get him out from under it...
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,316
Reaction score
1,132
Does it help to offer another year of maintenance fees? I'd pay that myself to get him out from under it...
It often helps to speed along the process. Some people who are on the fence about taking your contract will decide to go for it because it comes with a free year of use. You'd want to title your Bargain Deals thread with the name of resort and free MFs for first year to make it stand out.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,679
Reaction score
9,652
Location
Florida
based on recent sales history, I dont think youd have to pay additional MF to sell a grandview unit. they seem to be selling for above $1.
 

botham

TUG Member
Joined
Jul 1, 2008
Messages
92
Reaction score
8
Location
UK
We have a similar dilemma with our Sheraton Vistana ownership, having annual difficulty using our week.
.
Today, whilst in resort, we attended a further owner's update and due to the stress it caused, we are even more determined to get rid.

We love the resort, not the sales team, and would love to return, but as we get older the travelling is more difficult and family, understandably, don't want to take it on.:wall:
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
23,679
Reaction score
9,652
Location
Florida
sadly vistana is one of the ones regularly given away for nothing on the resale market, so unless you have a valuable week...you are likely going to have to give it away (and perhaps even cover closing costs yourself)
 
Top