Timeshare Vacations Rentals Exchange Help Selling Timeshares

I sold my timeshare in September 2007 that I owned at Orange Lake Country Club in Kissimmee Florida and that’s when my nightmare started. I only owned it for a year before I realized what a big mistake I made and sold it the next year!

It turns out that the new owners actually own the timeshare thru Orange County (state of Florida), but my husband and I still own it at Orange lake. There was 1 witness signature on the Quit Claim deed, which was fine for the county records, but Orange Lake requires 2 witness signatures! So for the last 2 years I have tried to get this resolved, and the new owners will not do anything to fix this situation.

Meanwhile, the new owners were able to use the timeshare that we technically still own according to Orange Lake and also receive the bills and now letters stating that they are going to send us into foreclosure on the property! The recovery manager sent us a form to release the property back to Orange Lake because of the situation – only to receive a call 2 weeks later saying we couldn’t do this because the new owners also need to sign off on this (because although they don’t own at Orange Lake they do own under the county deed).

I am so afraid that they will send this in under our credit report and financially ruin us. Has anyone else had a similar experience? Stuck in limbo with this silly timeshare. Any suggestions?

My husband and I joined Point to Point Timeshare in Vancouver BC, which changed to Westcoast Timeshare. We were asked if we owned a home to begin with we said no, but we did have a motor home (jokingly). The guy said good enough and signed us up on that. We were financed by Travelers acceptance which changed to Crelogix when they changed to Westcoast.

Since then they merged with Vacation Internationale and went Bankrupt, we thought our payments were then going to Vacation Internationale, but they weren’t. I canceled the payments, and they changed the total to a different total to get the money out of my bank 4 times I phoned them to ask if we could make smaller payments to them until we can afford to pay in full, they said No.

When we first signed they asked for a list of people we knew who might like a timeshare, and now they are harrasing the people on that list and talking about us not paying our bills, my husband is worried that they are going to start calling his work.
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The Wall Street Journal recently (April 2012) aired a video about the difficulty of selling timeshares.

According to the WSJ, an estimated 50% of owners are behind on their payments.

A few notes from the video:
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We bought this TS in 2003 and have been paying on it regularly except maintenance fees.

In 2009, we received sporadic bills for maintenance fees. I called to get a payoff and was told they were written off. Never could get hold of the timeshare comapny. Did not receive any letter or calls. Never received any bills for 2010.

Called last week because have not received a bill for the payment on the timeshare. Told in foreclosure. Boy did I blow it.

First it took 2 weeks to even talk to a live person, then when someone answered I was transferred 5x and the person was stupid. They called back and gave us another number to call, I did and that person had no idea what we were talking about and that person gave me another number, no good, and another number, no good and finally nack to the idiot I started with, while I as at work.

They never called us back. My husband will call tomorrow because I was furious and don’t have time to keep calling while I am working. This was the biggest mistake we ever made…

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??