We want to walk away from our [Wyndham] ownership and stop paying MF's. Consequences?

[simpsontruckdriver]

Before OVATIONS, my wife and I hit "the skids" in the late-2000s (like most of America). We had 2 paid-off Wyndham timeshares, yes they hounded us a lot to pay back Maintenance Fees. In the end, they sent us a card saying they would be selling it at auction. Our credit was not banged at all, and we essentially walked away. So, if it's paid off, you can simply stop and forget about it, let them take it.

TS

 

[Richelle]

Before OVATIONS, my wife and I hit "the skids" in the late-2000s (like most of America). We had 2 paid-off Wyndham timeshares, yes they hounded us a lot to pay back Maintenance Fees. In the end, they sent us a card saying they would be selling it at auction. Our credit was not banged at all, and we essentially walked away. So, if it's paid off, you can simply stop and forget about it, let them take it.

TS

That was over 10 years ago. Policies regarding credit hits have changed. People that had loans got their credit dinged. I hear varying reports about those who walked away from paid-off timeshares. It could vary by resort because it's ultimately up to them how they want to handle it. Wyndham is not going to go after you for the tiny program fee. The resort could do an HOA foreclosure and ding your credit.

 

[Grammarhero]

Is there a similar way to give back a timeshare for Club De Soleil or Soleil Management? Should I just stop paying the maintenance fees? Has anyone else dealt with them? Thanks.

@Tony Snodgrass we are you are well and healthy. If you made the hard decision to default, would you kindly let us know if your credit got affected? It would help tuggers in similar situations moving forward.

 

[dgalati]

Is there a similar way to give back a timeshare for Club De Soleil or Soleil Management? Should I just stop paying the maintenance fees? Has anyone else dealt with them? Thanks.

@Grammarhero may be of some help. He can give you some insight on if you can walk away if it is located in a state with anti-deficiency laws.