Comments for Timeshare Vacations Rentals Exchange Help Selling Timeshares http://rcivip.com Timeshare Help Resource Wed, 08 Feb 2012 06:01:25 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Booking Cruises Through RCI by Judy Sharp http://rcivip.com/booking-cruises-through-rci/#comment-7112 Judy Sharp Wed, 08 Feb 2012 06:01:25 +0000 http://rcivip.com/2008/booking-cruises-through-rci/#comment-7112 Good to read your comment Hank. I was reading all these "horror stories" about RCI. and feeling rather indignant! My husband and I have been members since 1988 and it has been the best money we have ever spent! We have used our points every year, value we have received would be 10 times our initial investment. It all depends on how you use your weeks or points - the value is there if you take the time to look for it!!! Good to read your comment Hank. I was reading all these “horror stories” about RCI. and feeling rather indignant!
My husband and I have been members since 1988 and it has been the best money we have ever spent! We have used our points every year, value we have received would be 10 times our initial investment. It all depends on how you use your weeks or points – the value is there if you take the time to look for it!!!

]]> Comment on What Happens if I Stop Paying My Timeshare? by nikki http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7109 nikki Tue, 07 Feb 2012 23:38:22 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7109 Any updates Ron? I am about to enter the unpaid maintenance fee dungeon... any suggestions. In Canada- owner of a paid Carriage Hills unit. Any updates Ron?
I am about to enter the unpaid maintenance fee dungeon… any suggestions.
In Canada- owner of a paid Carriage Hills unit.

]]> Comment on What Happens if I Stop Paying My Timeshare? by Elaine http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7108 Elaine Tue, 07 Feb 2012 23:26:15 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7108 I have, and it’s a lot more than $4,000. I’m trying to figure out what to do about it. I have, and it’s a lot more than $4,000. I’m trying to figure out what to do about it.

]]> Comment on 10 Steps to Successfully Rescind Timeshare by nikki http://rcivip.com/10-steps-to-successfully-rescind-timeshare/#comment-7107 nikki Tue, 07 Feb 2012 23:12:41 +0000 http://rcivip.com/2007/10-steps-to-successfully-rescind-timeshare/#comment-7107 Susanna, I did some research.... How long have you been in collections? A Quit claim deed: http://en.wikipedia.org/wiki/Quitclaim_deed is where " The owner/grantor terminates (“quits”) his right and claim to the property, thereby allowing claim to transfer to the recipient/grantee." That is what your parents probably did when they gave the time share to you. It will not release you from it, as it is passed on to who? your family member? Unless you have someone who really wants this- then this would be like giving someone a white elephant! 1. Call the resort. If all units are sold, they may take yours back to re-sell. 2. Give it away.. however, you will still need to transfer the deed and that costs legal fees. Plus they will not transfer if the account is in default, or arrears. \ 3. Sell it for the amount just to get it out of default and the legal fees. (good luck with finding a buyer) 4. pay up arrears and rent it out through a reputable site (I dont know any- does ANYONE? please advise) Let it die. According to other posters, they can only go after you so long. I ask, please for the sake of all on this blog, how long has yours been in default of maintenance fee payments? What happened? How was interest compounded? Are they threatening you? How has it affected your credit rating? Your details are greatly appreciated! I think we time share owners who are unsatisfied, and have paid the mortgage in full, and want out, should be able to get out simply by giving it back to the resort. But what I want isn't as easily done then said! Solutions, ideas??? .... Anyone!!!?? Susanna, I did some research….

How long have you been in collections?
A Quit claim deed: http://en.wikipedia.org/wiki/Quitclaim_deed

is where ” The owner/grantor terminates (“quits”) his right and claim to the property, thereby allowing claim to transfer to the recipient/grantee.”

That is what your parents probably did when they gave the time share to you. It will not release you from it, as it is passed on to who? your family member? Unless you have someone who really wants this- then this would be like giving someone a white elephant!

1. Call the resort. If all units are sold, they may take yours back to re-sell.
2. Give it away.. however, you will still need to transfer the deed and that costs legal fees. Plus they will not transfer if the account is in default, or arrears. \
3. Sell it for the amount just to get it out of default and the legal fees. (good luck with finding a buyer)
4. pay up arrears and rent it out through a reputable site (I dont know any- does ANYONE? please advise)

Let it die.
According to other posters, they can only go after you so long.
I ask, please for the sake of all on this blog, how long has yours been in default of maintenance fee payments?
What happened? How was interest compounded?
Are they threatening you? How has it affected your credit rating?

Your details are greatly appreciated!

I think we time share owners who are unsatisfied, and have paid the mortgage in full, and want out, should be able to get out simply by giving it back to the resort. But what I want isn’t as easily done then said!

Solutions, ideas??? …. Anyone!!!??

]]> Comment on 10 Steps to Successfully Rescind Timeshare by nikki http://rcivip.com/10-steps-to-successfully-rescind-timeshare/#comment-7106 nikki Tue, 07 Feb 2012 23:01:39 +0000 http://rcivip.com/2007/10-steps-to-successfully-rescind-timeshare/#comment-7106 Susanna, How long have you been in collections? And, what exactly is a "quit Claim deed"? I am about to let mine go into collections because I'm tired of the maintenance fees every year and never using the timeshare for the same reasons you stated. (Have you read my posts?) I think we time share owners who are unsatisfied, and have paid the mortgage in full, and want out, should be able to get out simply by giving it back to the resort. However, as of now- this is impossible. Once they got you- it so hard to get out should your situation change. I cannot even sell mine for 1000 on craigslist! Solutions anyone!!! Can a "quit Claim deed" work??? How do you get one? Susanna,
How long have you been in collections?
And, what exactly is a “quit Claim deed”?

I am about to let mine go into collections because I’m tired of the maintenance fees every year and never using the timeshare for the same reasons you stated.
(Have you read my posts?)

I think we time share owners who are unsatisfied, and have paid the mortgage in full, and want out, should be able to get out simply by giving it back to the resort. However, as of now- this is impossible. Once they got you- it so hard to get out should your situation change. I cannot even sell mine for 1000 on craigslist!

Solutions anyone!!!

Can a “quit Claim deed” work???
How do you get one?

]]> Comment on 10 Steps to Successfully Rescind Timeshare by susannabanna http://rcivip.com/10-steps-to-successfully-rescind-timeshare/#comment-7105 susannabanna Tue, 07 Feb 2012 22:43:17 +0000 http://rcivip.com/2007/10-steps-to-successfully-rescind-timeshare/#comment-7105 My parents gave us a timeshare about 15 years ago. We've never been able to use it as the week we desired to use it was always unavailable. My parents told me that is was a valuable asset and that Palm Springs was building casinos and we could sell it if we wanted. Well, the casino's never happened, maintenance fees went up yearly, and we stopped calling for a vacation week. We have never used it. Anyone have any ideas how to deed it back? Selling is not an option, it's not worth squat. I'd give it away if someone would take it! I had it listed on Craig's list for free for 2 years! Guess everyone is a lot smarter than we were. Now it's in collections. I'm considering sending the collections agency a quit claim deed on it, 'cause that's about all I have to give 'em! Any one else in this boat? My parents gave us a timeshare about 15 years ago. We’ve never been able to use it as the week we desired to use it was always unavailable. My parents told me that is was a valuable asset and that Palm Springs was building casinos and we could sell it if we wanted. Well, the casino’s never happened, maintenance fees went up yearly, and we stopped calling for a vacation week. We have never used it. Anyone have any ideas how to deed it back? Selling is not an option, it’s not worth squat. I’d give it away if someone would take it! I had it listed on Craig’s list for free for 2 years! Guess everyone is a lot smarter than we were. Now it’s in collections. I’m considering sending the collections agency a quit claim deed on it, ’cause that’s about all I have to give ‘em! Any one else in this boat?

]]> Comment on What Happens if I Stop Paying My Timeshare? by bill http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7102 bill Tue, 07 Feb 2012 20:31:07 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7102 hi, the only thing that shows up on the 1099C is the amount due on the mortgage. It is an IRS rule to report this, but I agree that it should not apply to timeshares, and that there should be a way to argue the market value since they turn around and sell it for wnat you originally paid ot more -- so how can they say there was no market value? hi,
the only thing that shows up on the 1099C is the amount due on the mortgage. It is an IRS rule to report this, but I agree that it should not apply to timeshares, and that there should be a way to argue the market value since they turn around and sell it for wnat you originally paid ot more — so how can they say there was no market value?

]]> Comment on What Happens if I Stop Paying My Timeshare? by Jeannie http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7099 Jeannie Tue, 07 Feb 2012 17:47:57 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7099 Elaine: After talking with our accountant, if you can show your debts are higher than your assets, you can file Form 982, which will discharge the amount they showed in their Form 1099C. Hope that helps! Elaine: After talking with our accountant, if you can show your debts are higher than your assets, you can file Form 982, which will discharge the amount they showed in their Form 1099C. Hope that helps!

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7098 TB Tue, 07 Feb 2012 17:40:22 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7098 Bill, About the 1099C..In our case there is way over 10K in the developer's bank account for contracted weeks we paid for and can never use. It would take a whole slew of mtce fees over the next years to equal that amount and the interest it has drawn so I don't think there is any way they can put a value on those weeks for a 1099C since they are the ones who are ahead of the game by us not paying the fees. We are the ones losing our investment. The developers should count it as a windfall. Bill,
About the 1099C..In our case there is way over 10K in the developer’s bank account for contracted weeks we paid for and can never use. It would take a whole slew of mtce fees over the next years to equal that amount and the interest it has drawn so I don’t think there is any way they can put a value on those weeks for a 1099C since they are the ones who are ahead of the game by us not paying the fees. We are the ones losing our investment. The developers should count it as a windfall.

]]> Comment on What Happens if I Stop Paying My Timeshare? by bill http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7097 bill Tue, 07 Feb 2012 16:46:26 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7097 all collectors care about is having you pay them -- they don't care about your legitimate problems -- they just want you to send money so they get their cut. I'm sorry to say, but my experience is that your only choice is to pay forever or to stop paying and let them hit your credit report. the only good news about the 1099C is that there is an IRS form to ask for forgiveness for paying taxes on the 1099C cash if you can demonstrate that your assets are lower than your liabilities -- sort of like the bankruptcy rules without filing bankruptcy. all collectors care about is having you pay them — they don’t care about your legitimate problems — they just want you to send money so they get their cut. I’m sorry to say, but my experience is that your only choice is to pay forever or to stop paying and let them hit your credit report.

the only good news about the 1099C is that there is an IRS form to ask for forgiveness for paying taxes on the 1099C cash if you can demonstrate that your assets are lower than your liabilities — sort of like the bankruptcy rules without filing bankruptcy.

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7096 TB Tue, 07 Feb 2012 12:41:54 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7096 I had a similar 'suggestion' from my timeshare internal collections to pay my maintenance arrears. They suggested I borrow from friends or family OR take out a loan. That really made me MAD. I said a few choice words on the friends and family thing and as far as taking out a loan? Talk about out of touch. Can barely pay mortgage even after modification, only have SS as income and hubby doesn't make much these days. Have already told them I cannot afford a payment plan with them but somehow they think I can get a personal loan and pay it back in order to pay them? HUH? Do I have stupid written on my forehead. Account is off to outside collections now. I had a similar ‘suggestion’ from my timeshare internal collections to pay my maintenance arrears. They suggested I borrow from friends or family OR take out a loan. That really made me MAD. I said a few choice words on the friends and family thing and as far as taking out a loan? Talk about out of touch. Can barely pay mortgage even after modification, only have SS as income and hubby doesn’t make much these days. Have already told them I cannot afford a payment plan with them but somehow they think I can get a personal loan and pay it back in order to pay them? HUH? Do I have stupid written on my forehead. Account is off to outside collections now.

]]> Comment on What Happens if I Stop Paying My Timeshare? by bill http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7092 bill Tue, 07 Feb 2012 02:40:46 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7092 you sound almost like a collections shill who is trying to scare people into sending them cash. they will not sue you. the worst they can do is call you and make empty threats, and put in collections on your credit knocking your credit score down 100 points. an ironic, funny thing that happened to us was a florida timeshare that put us through this, with nasty collectors we would not answer and a black mark in our collection -- the a letter from the timeshare after 3 years asking us to sign and send back a deed in lieu -- with a note saying that we should not take it personally, but to please sign the deed or they would have to pay for foreclosure. it is the nasty collections companies who do the lying and threatening -- just ignore them you sound almost like a collections shill who is trying to scare people into sending them cash. they will not sue you. the worst they can do is call you and make empty threats, and put in collections on your credit knocking your credit score down 100 points.

an ironic, funny thing that happened to us was a florida timeshare that put us through this, with nasty collectors we would not answer and a black mark in our collection — the a letter from the timeshare after 3 years asking us to sign and send back a deed in lieu — with a note saying that we should not take it personally, but to please sign the deed or they would have to pay for foreclosure.

it is the nasty collections companies who do the lying and threatening — just ignore them

]]> Comment on What Happens if I Stop Paying My Timeshare? by bill http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7091 bill Tue, 07 Feb 2012 02:32:43 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7091 they can threaten you all they want, but they will not sue you. you do not have to worry about being sued. it should occur to you that a business would lose money if it sued. and a court will not garnish wages for a commercial debt -- taxes, child support, yes, commercial debt, no. they are just trying to scare you into giving them your money so they get their commission. if you get a letter from a collections agency say you challenge the debt. they can threaten you all they want, but they will not sue you. you do not have to worry about being sued. it should occur to you that a business would lose money if it sued. and a court will not garnish wages for a commercial debt — taxes, child support, yes, commercial debt, no. they are just trying to scare you into giving them your money so they get their commission. if you get a letter from a collections agency say you challenge the debt.

]]> Comment on What Happens if I Stop Paying My Timeshare? by Jessica http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7090 Jessica Tue, 07 Feb 2012 00:55:21 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7090 i believe the hq is in florida i believe the hq is in florida

]]> Comment on What Happens if I Stop Paying My Timeshare? by Barbara http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7089 Barbara Mon, 06 Feb 2012 16:39:32 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7089 Hi Julie-please read my post below. I'm Canadian. Hi Julie-please read my post below. I’m Canadian.

]]> Comment on What Happens if I Stop Paying My Timeshare? by Barbara http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7088 Barbara Mon, 06 Feb 2012 16:36:14 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7088 continue from last post. My computer logged me off accidentally. We replied to few calls and told them to go to hell. After 6 months the calls and letters stopped and we haven't heard from them ever since. They are not on our Canadian nor my husband's Us credit reports. Don't waste another dime on these vipers, all you Canadians stop paying. continue from last post. My computer logged me off accidentally. We replied to few calls and told them to go to hell. After 6 months the calls and letters stopped and we haven’t heard from them ever since. They are not on our Canadian nor my husband’s Us credit reports. Don’t waste another dime on these vipers, all you Canadians stop paying.

]]> Comment on What Happens if I Stop Paying My Timeshare? by Barbara http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7087 Barbara Mon, 06 Feb 2012 16:31:48 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7087 Update-We bought our timeshare in March 2010 from Orange lake Resort. We live in Canada but my husband is an American citizen. We paid off the down-payment a sum of about $2000. However, like I said before we had a death in our family and realized that the timeshare is a fraud and useless so we never paid any of the monthly premiums. They called us daily for the first 3 months and sent numerous letters. W Update-We bought our timeshare in March 2010 from Orange lake Resort. We live in Canada but my husband is an American citizen. We paid off the down-payment a sum of about $2000. However, like I said before we had a death in our family and realized that the timeshare is a fraud and useless so we never paid any of the monthly premiums. They called us daily for the first 3 months and sent numerous letters. W

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7085 TB Mon, 06 Feb 2012 14:57:38 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7085 Did you check with the IRS to make sure Timeshare companies are considered a 'commercial lender' that can legally issue a 1099C. If its from a financial institute they used for a loan to pay for your timeshare they would qualify but if its just the Timeshare I am not so sure. Check the IRS Publication 4681 and what I found below: When a commercial lender cancels or forgives a debt that you owe, in order to claim the loss as a tax deduction in its accounting books your lender will issue you an IRS Form 1099-C (cancellation of debt attributed as income). Did you check with the IRS to make sure Timeshare companies are considered a ‘commercial lender’ that can legally issue a 1099C. If its from a financial institute they used for a loan to pay for your timeshare they would qualify but if its just the Timeshare I am not so sure. Check the IRS Publication 4681 and what I found below:
When a commercial lender cancels or forgives a debt that you owe, in order to claim the loss as a tax deduction in its accounting books your lender will issue you an IRS Form 1099-C (cancellation of debt attributed as income).

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7084 TB Mon, 06 Feb 2012 14:56:00 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7084 Did you check with the IRS to make sure Timeshare companies are considered a 'commercial lender that can legally issue a 1099C. If its from a bank they use for a loan to pay for your timeshare they would qualify but if its just the Timeshare I am not so sure. Read this: When a commercial lender cancels or forgives a debt that you owe, in order to claim the loss as a tax deduction in its accounting books your lender will issue you an IRS Form 1099-C (cancellation of debt attributed as income). Did you check with the IRS to make sure Timeshare companies are considered a ‘commercial lender that can legally issue a 1099C. If its from a bank they use for a loan to pay for your timeshare they would qualify but if its just the Timeshare I am not so sure. Read this:

When a commercial lender cancels or forgives a debt that you owe, in order to claim the loss as a tax deduction in its accounting books your lender will issue you an IRS Form 1099-C (cancellation of debt attributed as income).

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7083 TB Mon, 06 Feb 2012 14:49:23 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7083 Does the Timeshare company that owns the one in Mexico have its HQ there or in the USA? Does the Timeshare company that owns the one in Mexico have its HQ there or in the USA?

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7082 TB Mon, 06 Feb 2012 14:19:44 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7082 Oh yes they can do something when you don't pay mtce fees. We are now into collections phase and then they will sue us for $3000. Thats all we owe as we paid cash for the contract. Look at my post of Feb 6 2012 Oh yes they can do something when you don’t pay mtce fees. We are now into collections phase and then they will sue us for $3000. Thats all we owe as we paid cash for the contract.
Look at my post of Feb 6 2012

]]> Comment on What Happens if I Stop Paying My Timeshare? by TB http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7081 TB Mon, 06 Feb 2012 14:09:50 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7081 I have an update as to what can happen if you stop paying. Have owned 'right to use' vacation property since 1982 and purchased time over the years with 3 contracts at Club Land'Or resort. Its HQ is in Virginia and so are we. Paid cash, never traded, went every year, never late (sometimes early) with Main. Fees and almost yearly assessments. It hurt with the linear increase in what they wanted and much of it for renovation that never happened but we did what we had to do so we could use our weeks. I was forced to take early retirement, hubby lost small business, out of work and major medical event left us almost broke in 2009. Reduced all expenses we could and working with Feds to help with mortgages. I am on SS and hubby finally found work but not making much so still struggling with monthly bills. Land'Or or any vacation has become a luxury we can no longer afford if we want a roof over our heads, lights and food. Tried to sell, give back, give away, donate...no results. Still have over 10K invested in vacation weeks we will never use but no matter what I say they have no mercy. Owe 2 main fees and two assessments. No deed so nothing to foreclose but they could 'let us go' and still a lot of our money in the bank (we sure don't have it) and can then resell our weeks. Called us many times and now they will send to collections next week and not only for what we owe but they added what we will owe for the rest of 2012 so its over $3000. Once they realize we cannot pay I am sure they will sue us. If court garnishes my hubby all we have done to keep our home will be for nothing. Its NOT that I don't want to pay but there is no way. I sure wish I could find out what happens next from someone who has been thru this. I have an update as to what can happen if you stop paying. Have owned ‘right to use’ vacation property since 1982 and purchased time over the years with 3 contracts at Club Land’Or resort. Its HQ is in Virginia and so are we. Paid cash, never traded, went every year, never late (sometimes early) with Main. Fees and almost yearly assessments. It hurt with the linear increase in what they wanted and much of it for renovation that never happened but we did what we had to do so we could use our weeks. I was forced to take early retirement, hubby lost small business, out of work and major medical event left us almost broke in 2009. Reduced all expenses we could and working with Feds to help with mortgages. I am on SS and hubby finally found work but not making much so still struggling with monthly bills. Land’Or or any vacation has become a luxury we can no longer afford if we want a roof over our heads, lights and food. Tried to sell, give back, give away, donate…no results. Still have over 10K invested in vacation weeks we will never use but no matter what I say they have no mercy. Owe 2 main fees and two assessments. No deed so nothing to foreclose but they could ‘let us go’ and still a lot of our money in the bank (we sure don’t have it) and can then resell our weeks. Called us many times and now they will send to collections next week and not only for what we owe but they added what we will owe for the rest of 2012 so its over $3000. Once they realize we cannot pay I am sure they will sue us. If court garnishes my hubby all we have done to keep our home will be for nothing. Its NOT that I don’t want to pay but there is no way. I sure wish I could find out what happens next from someone who has been thru this.

]]> Comment on What Happens if I Stop Paying My Timeshare? by Lee http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7078 Lee Mon, 06 Feb 2012 00:58:31 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7078 Stopped paying Wyndham last year got a 1099c last week - over $4,000 in taxes. Have you gotten anything like that? Does anyone out there have any suggestions for mitigating this? Stopped paying Wyndham last year got a 1099c last week – over $4,000 in taxes. Have you gotten anything like that? Does anyone out there have any suggestions for mitigating this?

]]> Comment on Alternative Timeshare Sales Options by Lee http://rcivip.com/alternative-timeshare-sales-options/#comment-7077 Lee Mon, 06 Feb 2012 00:36:52 +0000 http://rcivip.com/2007/alternative-timeshare-sales-options/#comment-7077 In thinking about it, if wyndham can just pay the taxes on the property and "take" it for taxes and we will get no benefit, just be out of money we paid them plus the taxes for the rest of the bill. There must be something we can do, even if it is to donate the thing to a charity and get the tax deduction. Has anyone else found a solution for this situation? In thinking about it, if wyndham can just pay the taxes on the property and “take” it for taxes and we will get no benefit, just be out of money we paid them plus the taxes for the rest of the bill. There must be something we can do, even if it is to donate the thing to a charity and get the tax deduction.

Has anyone else found a solution for this situation?

]]> Comment on Alternative Timeshare Sales Options by Lee http://rcivip.com/alternative-timeshare-sales-options/#comment-7076 Lee Mon, 06 Feb 2012 00:30:00 +0000 http://rcivip.com/2007/alternative-timeshare-sales-options/#comment-7076 Wyndham sent us a 1099C for income tax hit of about $4,000 plus - we have close to $40,000 paid to the company. Does this mean we now hold clear title to the property? Can I sell it? Who in the Tampa, Clearwater area is a reliable source? We made the mistake of just not paying, because we didn't have the money to keep it up now with the the downturn in the economy. I see now that we could have possibly done something else. Does anyone have any suggesstions? Thank you for your help Wyndham sent us a 1099C for income tax hit of about $4,000 plus – we have close to $40,000 paid to the company. Does this mean we now hold clear title to the property? Can I sell it? Who in the Tampa, Clearwater area is a reliable source?

We made the mistake of just not paying, because we didn’t have the money to keep it up now with the the downturn in the economy. I see now that we could have possibly done something else. Does anyone have any suggesstions?

Thank you for your help

]]> Comment on Pet Friendly RCI Resorts Within the US by barking me awake http://rcivip.com/pet-friendly-rci-resorts-within-the-us/#comment-7067 barking me awake Sat, 04 Feb 2012 15:44:46 +0000 http://rcivip.com/2008/pet-friendly-rci-resorts-within-the-us/#comment-7067 i love animals, they're great! absolutely part of the family. however, when some of us take a vacation, we don't want to be woken up by a barking dog coming from as far away as the resort building next door.... the smoker point was a good one- i have been woken and started choking during a hotel stay by kids smoking in the hallway outside my room. however, i have never been jostled awake by a noisy smoker! think about that. maybe if there was one building of units offset from the rest by enough space to buffer the noise a bit? (maybe this is just the silver leaf oak 'n spruce in Lee, MA that's having this problem?) i love animals, they’re great! absolutely part of the family. however, when some of us take a vacation, we don’t want to be woken up by a barking dog coming from as far away as the resort building next door…. the smoker point was a good one- i have been woken and started choking during a hotel stay by kids smoking in the hallway outside my room. however, i have never been jostled awake by a noisy smoker! think about that. maybe if there was one building of units offset from the rest by enough space to buffer the noise a bit? (maybe this is just the silver leaf oak ‘n spruce in Lee, MA that’s having this problem?)

]]> Comment on Tips for Surviving a Timeshare Presentation by Deb Canter http://rcivip.com/tips-for-surviving-a-timeshare-presentation/#comment-7062 Deb Canter Fri, 03 Feb 2012 16:32:52 +0000 http://rcivip.com/2008/tips-for-surviving-a-timeshare-presentation/#comment-7062 this is an awesome story...I fully agree..timeshares are not a waste of time..they are means to an end..if I want tickects or rooms for cheap ad I can handle the pressure then this is the way to go...I lkike to analyze the presentaiton people and predict what they will do or be sacrastic with them to really let them know I will not buy but I sure do like the stuff...iot is a game...they ahve their gimis ..one place I went to had a gong and everytime some really dumb person bought a timeshare they hit the gong...I started laughing....they did not like that...call their bluff about their stupid con...se what they say...if you do not want to go back to that one again...I stayed at the Westagte Toweres 5 times with huge rooms and lots of activites for free for the kids...then I got sarcastic and they made me leave the presentation. My husband was embarrased I was laughing!! I still got all my stuff! this is an awesome story…I fully agree..timeshares are not a waste of time..they are means to an end..if I want tickects or rooms for cheap ad I can handle the pressure then this is the way to go…I lkike to analyze the presentaiton people and predict what they will do or be sacrastic with them to really let them know I will not buy but I sure do like the stuff…iot is a game…they ahve their gimis ..one place I went to had a gong and everytime some really dumb person bought a timeshare they hit the gong…I started laughing….they did not like that…call their bluff about their stupid con…se what they say…if you do not want to go back to that one again…I stayed at the Westagte Toweres 5 times with huge rooms and lots of activites for free for the kids…then I got sarcastic and they made me leave the presentation. My husband was embarrased I was laughing!! I still got all my stuff!

]]> Comment on What Happens if I Stop Paying My Timeshare? by Jeannie http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7061 Jeannie Fri, 03 Feb 2012 16:19:29 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7061 Vikki: So, did you claim this forgiven debt as income on your taxes? We just received a tax form that apparently we have to show as income, which is a bunch of B.S.! Just wondered how you handled this. Thank you. Vikki: So, did you claim this forgiven debt as income on your taxes? We just received a tax form that apparently we have to show as income, which is a bunch of B.S.! Just wondered how you handled this. Thank you.

]]> Comment on Tips for Surviving a Timeshare Presentation by Deb Canter http://rcivip.com/tips-for-surviving-a-timeshare-presentation/#comment-7060 Deb Canter Fri, 03 Feb 2012 16:17:08 +0000 http://rcivip.com/2008/tips-for-surviving-a-timeshare-presentation/#comment-7060 I have been going to timeshare presentations for all of my adult life...needless to say I have been to disney 7 times and Mrtyle Beach 4 and Daytona Beach 4 times. I have some advice before you even decide to do it....have an esimate on how much you think you should pay for what you are getting from them on the phone.....I have cut my deal in half on the phone and got extra nights. Some examples of what to say are....I just paid my house payment and all I have left is x dollars to pay for something like that right now....ttry about 200.00 for the whole package....it really does work..it is using their own scheme against them...they will get a manager to approve it and everything...The vacation I am about to go on cost me only 159.00 for 4 nights at Wyndom resort..two bedroom...full kitchen AD I get a $100 American express after going to the presentation...so I got a 2 bedroom condo for 4 nights for 58.00 bucks!! We also did the ones where we got 150.00-200.00 cash...and then we had more money to spend at the parks...that was our go out and neat great at disney money... My husband hates them but without them we would never go on vacation and I have went to probably 20 of them and never bought but LOVED all the free stuff...also bargain for more tickets...whatever it is you want bargain for that specific thing....ticket to SEa World..Disney whatever...make them feel bad...I always say I need more nights becuse I am coming from far away and I always stay on vacation for 7 days...most of the time that gets you more days from them. You might pay a little more but it is well worth it...the condos are fabulous!! Dont just stay in a hotel for the timeshare stay on property...unless you need Disney tickets then it is worth it becasue you are gone most of the day anyways...I already have tickets that are non expiration so I work harder at nights for rooms...make it work for you not them!! and onnce you shop around on line you will ahve sale people calling you...do not just say yes to the first call decide where you want to go and what you want an d then listen to several different ones to see which is best..tell the person on the phone to call back tomorrow you need to talk to your husband...they will call back believe me..and usually they will sweetin the deal..always say no at first because they will give you more!! I have been going to timeshare presentations for all of my adult life…needless to say I have been to disney 7 times and Mrtyle Beach 4 and Daytona Beach 4 times. I have some advice before you even decide to do it….have an esimate on how much you think you should pay for what you are getting from them on the phone…..I have cut my deal in half on the phone and got extra nights. Some examples of what to say are….I just paid my house payment and all I have left is x dollars to pay for something like that right now….ttry about 200.00 for the whole package….it really does work..it is using their own scheme against them…they will get a manager to approve it and everything…The vacation I am about to go on cost me only 159.00 for 4 nights at Wyndom resort..two bedroom…full kitchen AD I get a $100 American express after going to the presentation…so
I got a 2 bedroom condo for 4 nights for 58.00 bucks!! We also did the ones where we got 150.00-200.00 cash…and then we had more money to spend at the parks…that was our go out and neat great at disney money…
My husband hates them but without them we would never go on vacation and I have went to probably 20 of them and never bought but LOVED all the free stuff…also bargain for more tickets…whatever it is you want bargain for that specific thing….ticket to SEa World..Disney whatever…make them feel bad…I always say I need more nights becuse I am coming from far away and I always stay on vacation for 7 days…most of the time that gets you more days from them. You might pay a little more but it is well worth it…the condos are fabulous!! Dont just stay in a hotel for the timeshare stay on property…unless you need Disney tickets then it is worth it becasue you are gone most of the day anyways…I already have tickets that are non expiration so I work harder at nights for rooms…make it work for you not them!!
and onnce you shop around on line you will ahve sale people calling you…do not just say yes to the first call decide where you want to go and what you want an d then listen to several different ones to see which is best..tell the person on the phone to call back tomorrow you need to talk to your husband…they will call back believe me..and usually they will sweetin the deal..always say no at first because they will give you more!!

]]> Comment on What Happens if I Stop Paying My Timeshare? by Jessica http://rcivip.com/what-happens-if-i-stop-paying-my-timeshare/#comment-7058 Jessica Fri, 03 Feb 2012 02:44:23 +0000 http://rcivip.com/2008/what-happens-if-i-stop-paying-my-timeshare/#comment-7058 Does anyone know if ypu purchase in Mexico and it does not appear on your American credit report, can this affect me if I stop paying? I work for a bank and am concerned it will damage my credit and cause me to lose my job. Does anyone know if ypu purchase in Mexico and it does not appear on your American credit report, can this affect me if I stop paying? I work for a bank and am concerned it will damage my credit and cause me to lose my job.

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