Recently we received the following message from a distraught timeshare owner trying to get rid of an unwanted timeshare they can no longer pay for:
“I have not been able to find an honest timeshare resale company; have tried for several years. I am considering allowing it to go into default and foreclosure. I do not want it, and cannot afford to keep paying the mortgage.
The resort is unwilling to at least renegotiate the monthly payments, or do anything to help me. I am desperate and will have to consider default and foreclosure. Will foreclosure end this? I want it gone – out of my name. I do not understand why there is so much fraud and deception in this industry, and nothing is done about it.
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Hi, firstly I’d like to say thanks to anyone who replies to me.
Me and my partner go to Orlando every year for the last 6 years, we were talked into going to an opening at a new hotel Westgate. We were then showed around and sweetened up by this lady explaining how good hotel was. We told her that we vacation for 2 weeks every year, and she started going on about this timeshare how good it be for us.
Now, 6 months later, we can’t afford it as my hours have been cut at work. I’m trying to talk my partner into just walking away and let whatever happen happen. The timeshare we have is an all season one week. My partner is worried of the consequences if we stopped paying; she is worried that we wouldn’t be able to holiday in Florida again if we stopped paying. I think she is worried about getting arrested or jailed. I’ve tried to explain that they can’t arrest us or stop us entering America, and decided to put this post up to see if get any answers and to prove how silly she is thinking these silly things.
Thanks so much if I get any help!
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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A visitor shares their experience attending the Grandview at Las Vegas timeshare presentation, and has the following tips and tricks to offer those attending for the free gifts:
Story is the same as everyone else. Huge scripted scam. Worthless property, over priced vacation packages and the list of lies is extremely amazing. You are told to look over at the new construction going on. And told how Grandview is the hottest timeshare place available. How the prices keep increases each year and if you dont buy now you wont reap the benefits of the hot market. After research the prices go form $50,000 all the way down to $5000 if you keep saying NO. You also will receive a free cruise for 2 but this is also another scam. The cruise is worthless also.
They confuse you and try and get you brainwashed during the whole presentation. I would not be surprised if there are some subliminal tactics or hypnosis being used. I think the power of suggestion and the constant lies help trick the weak minded into making a bad decision. Thank God above my wife and I are extremely intelligent and could see it was a scam within a few minutes of the presentation.
It was easy for us to say NO. And I offered the sales man a chance to wrap things up because he was past his 3 hour limit and I had nothing more to say and did not want to hear his bullshit anymore. He than told me I would be stuck at the Grandview for another 2 hours but if I wanted to leave sign up for the lowest package and he could get me a limo back to the hotel within 20 minutes.
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We just did a presentation as part of a deal to get a discounted hotel stay. My first recommendation would be to bring a sweater or jacket as we found the air conditioning was pretty powerful. If you are in the U.S., check relevant state laws concerning timeshare sales as well as prohibited sales practices. Check prices on Timeshare User Group, Sell My Timeshare Now, and even Hotwire for rental prices on equivalent accommodations. Have printouts of all the above materials with you.
There is a post on this website about “How to Survive a Timeshare Presentation” – it has good advice as well. Be fairly boring. Remember that these guys are going to talk FAST when they talk numbers. They will make big projections as to what your future vacation spending will be. If you have school age children, remember that for better or worse, they grow up and then you are not limited by school year schedules (which reduces your vacation costs).
We used Priceline for our recent vacation (other than the deal we got that required the timeshare presentation) and saw that we averaged slightly more than $50 a night (including taxes and fees) for our accommodations. Give them numbers like that when they ask what you spend, and you will totally pop their sales pitch. Otherwise, do NOT give them too much personal information; they will use it against you.
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