Time Share

Grogan72

I need directions on how to extricate myself from two American Time Share.  Leaving advice from the two companies I am with did not work a couple of years ago, I always pay annual fees. It is now a huge concern to my immediate family and myself, any help, assistance or directions on how to solve this problem would be greatly appreciated. I do not trust cold-callers who say they can easily solve the problem.

Alderbank

Grogan72 said:

I need directions on how to extricate myself from two American Time Share.  Leaving advice from the two companies I am with did not work a couple of years ago, I always pay annual fees. It is now a huge concern to my immediate family and myself, any help, assistance or directions on how to solve this problem would be greatly appreciated. I do not trust cold-callers who say they can easily solve the problem.

Your first move should be to check with the resort itself. Ask specifically for the person who handles “deed-backs” or “surrenders” — which is when you return your property to the company, maybe for a fee of a couple hundred dollars or so. Explain your situation in detail and see if you can find a solution. Few advertise it but almost all the major players have some sort of deed-back program.

Unless you share much more information, no-one here can say anything more specific than just 'talk to whoever handles deed-backs.'

mdann52

And be very careful with any third-party company who says they can buy your timeshare off you or help you exit it. Most of these are not effective and will cost you more in the long run

TELLIT01

I would go further than saying be very careful or 3rd parties who say they can help you exit, by whatever means.  Avoid them like the plague.  It generally means an upfront fee and they then have absolutely no incentive to do anything more.

The advice from Alderbank is correct as the only ones who can answer your questions are them.  Historically there were many cases where people 'sold' their timeshare to a 3rd party, but the owning company refused to accept the transfer.

Cost may be considerably more than a couple of hundred dollars to relinquish ownership.  To get out of our ownership with MacDonalds in the UK we had to pay the equivalent of 4 years maintenance fee.  It ended up being money well spent.

The 'Timeshare User Group' forum tug2.net may be informative.  It is USA based.  I was a member many years ago so can't say how good/bad it is now.  It can't harm to take a look.

Grogan72

Many thanks Alderbank. I briefly contacted both companies several years ago, but did not give a comprehensive reason for my wanting to give up the TS.

I'll follow your advice and mention 'deedbacks' or 'surrenders' and see what happens.