Timeshare Vacations Rentals Exchange Help Selling Timeshares

Timeshare owners are not owners, they are suckers. The Carlsbad Timeshare has been a nightmare of an investment.

Since inheriting it we have tried to sell it, bank it, and exchange it and this year we tried to rent it to no avail.

The literature makes it sound like there is all this flexibility, but it is truly the most one-sided investment I have ever experienced — theirs! When you try to talk to them all the communication is pre-scripted, like overseas telemarketing. I am passing this on in hopes of preventing others into getting into this type of swindle.

The cost is so ridiculous when compared to renting a week anywhere in the world without the constraints and inflated costs of a timeshare program. It is far better to put your money in a vacation savings account and enjoy not having to deal with the timeshare mentaility because, after all, it’s supposed to be a vacation!

One visitor to our site shares his experience with Silverleaf timeshare, and the research he did following the timeshare purchase. Here’s his story:

I bought two units from Silverleaf in 2010. In both sales presentations the salespeople told me the units were an investment I could realize income from, and would be a great business and investment opportunity, and by renting the units out (anytime at any resort they told me) it would be good advertising for Silverleaf and good income for me.

In the first presentation the salesman even told me that they “aren’t timeshares, they’re vacation rentals just like owning a family vacation home”. He also told me I could write the loan interest and rental income off on my taxes(!). These were complete lies, and the high-pressure sales tactics were unbearable and intrusive.

The FTC lists timeshares as securities because of their nature, and I am sure the salespeople are not licensed to sell securities, so sniff-sniff I smell securities fraud. If the timeshare industry’s products (timeshare units) are so great, why do they have to overwhelm and lie to people to sell their product, and why are there literally thousands of furious timeshare owners telling the same stories about being lied to and posting angry videos all over the internet?
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Read one owner’s experience with buying a Sedpma Pines Timeshare:

When I bought my time share at Sedpma Pines, RCI assured me that availability was not a problem because only members of the program can access the timeshares. I have since learned that availability is a serious problem, RCI engages in the practice of skimming a large percentage of the timeshares from the system, including many prime timeshares, and renting them to the general public at a profit to RCI, or selling them to vendors who then rent them to the general public.

As a result, no matter how meticulously one follows RCI’s rules and procedures, and no matter how far in advance one begins looking for a desirable exchange, one simply cannot find available destinations.

Since RCI does not allow extending points into the following year without a $99.00 payment one is forced to either forfeit the points or pay an additional $99.00.

Have you had similar difficulty exchanging this particular timeshare or another timeshare location? Let us know in the comments below!

When we bought they talked us into buying in March, which was red and cheaper then the month we wanted (which was August – also red). We paid close to 20,000 dollars. The salesman promised us that every year we will be able to exchange for August the month we actually wanted.

It was ok for a couple of years. Now they downgraded the weeks timeshare and no longer can give us a week in August, which the salesman knew was the only month we could go.

Now they are threatening to ruin our credit rating if we try to walk away and not pay the maintenance anymore. They are also willing to rent us a week in the month that we are asking to exchange for, and they want us to pay for the week and the maintenance.
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Does anyone have experience stopping payment on ResortCom Timeshare, specifically the Veilla Del Palmar Resort?

A reader of our site posed the following question about foreclosing on ResortCom timeshare:

My husband and I purchased a time share several years ago and are still paying on the outrageous balance plus maintenance fees.

We have recently found ourselves in a finacial hardship and can no longer make the monthly payments and/or maintenance fees.

I have contacted the TS company several times asking for ways I can relenquish the TS, each time they tell me I cannot.

I’m concerned about wage garnishments if I cannot pay them. They are quite unwilling to work with me on this. My stress level concerning this is increasing daily. Any ideas??