Walk away from Oak & Spruce/Silverleaf

[taylor61]

I've had the timeshare for 10 years but it's more effort and cost than it's worth. It's paid, and I have excellent credit. If I just stop paying fees, what are the consequences? How else might I get rid of it? Anyone want it?

 

[Passepartout]

Before you risk a black mark on your credit, list it for free in the Bargain Deals section of the buying, selling, renting Forum. Your fellow owners that you save from paying to maintain your unit will thank you.

DO NOT sign up with an upfront fee, 'We'll end your timeshare ownership' outfits. They'll take your money and you'll never hear from them again.

Best wishes...

Jim

 

[LannyPC]

How else might I get rid of it?

Have you asked the resort to take it back?

http://tug2.net/timeshare_advice/give_back_timeshare.html

 

[TUGBrian]

what efforts have you made thusfar to try to give it away or give it back?

 

[taylor61]

Foreclose

I just called them (and finally talked to someone!) and they said if I did not pay it would just foreclose. I don't see what the problem could be with foreclosing...
I listed it here and would give it away if it was valuable to anyone. I didn't use this year's week

 

[DeniseM]

Foreclosing involves turning you over to collections, and reporting you to the credit bureaus - you don't want to go there, unless you have no other option.

 

[taylor61]

what would they collect? I don't owe them anything?

 

[DeniseM]

what would they collect? I don't owe them anything?

You (and all timeshare owners) have a contractual obligation to pay the maintenance fee.

 

[stanleyu]

I don't think I saw the answer to the question about your giving it back. I think you should tell the resort you are no longer able to pay the maintenance fees and ask if rather than their going through the expense of foreclosure they would instead accept a quit claim for the unit. That would get you out of the responsibility and let them immediately put it up for sale. I used to have two weeks on the east coast of FL and was able to get rid of them in this exact same manner.

 

[Passepartout]

what would they collect? I don't owe them anything?

Foreclosure is a legal term. Requires lawyers and time, and notifications. None of which are free. I know you 'talked to someone'. Was it someone who had the authority to accept a deed back, or a desk clerk/receptionist? You should contact a sales department, or HOA officer by mail. I'm sure you are listed in that country as an owner there of Real property. Someone has to take over that ownership, and that requires title transfer.

See the tangled web we weave? There are costs and penalties for walking away.

Good luck!

Jim

 

[T-Dot-Traveller]

Oak & Spruce is now HIVC / May2015

I've had the timeshare for 10 years but it's more effort and cost than it's worth. It's paid, and I have excellent credit. If I just stop paying fees, what are the consequences? How else might I get rid of it? Anyone want it?

Silverleaf resorts that developed Oak & Spruce as a TS was acquired by HIVC / Orange Lake in May 2015 . I believe they have rebranded some TS resorts to HIVC and Oak & Spruce is one of them .

I am not sure if this helps or hurts in your goal of giving away your week .

Oak & Spruce is in the Berkshires just off the Mass Pike ,Lee Mass exit
Near Stockbridge Mass ,Skiing in the winter and near Tanglewood etc for summer . Also very close to a nice brand name outlet mall

You may want to add some of these details to your ad posting

 

[taylor61]

Thank you very much

 

[PrettyPisces75]

5 years ago my husband owned with Silverleaf. It was paid off and he just paid maintenance fees like you. He wanted out because they would not add my name to the deed (long crazy story) and he just stopped paying the fees. They threatened to foreclose for months and eventually they stopped calling and mailed a letter that it has been foreclosed. There was no affect at all on his credit.

 

[T-Dot-Traveller]

Not sure if new ownership will do same .

For insight - see May 21 2015 thread : Orange Lake acquires Silverleaf Resorts
started by TUG member : Sandy

 

[PrettyPisces75]

The writer said they've had it for 10 years. That's not a new owner but thanks!

 

[famy27]

The writer said they've had it for 10 years. That's not a new owner but thanks!

New owner of the resort, not of the timeshare unit.

 

[silentg]

New owner of the resort, not of the timeshare unit.

Contact the holiday Inn Vacation club, they may take it back, they can sell it to new owners under the Holiday Inn Brand. They may also try to convince you to convert your timeshare to point to get into the club.

 

[SilverLeafOwner]

Possibly Interested

I am interested if the unit is a presidential 2 or 3 bedroom red season unit that is paid off.

Let me know,

JT

 

[DeniseM]

You are replying to a post from January - to contact taylor61, click on their blue user name.