RCI Timeshare Experiences – Bryan’s Story

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The following post was submitted by user Bryan:

I've had a RCI timeshare for 10 years. In those 10 years I've never been satisfied with the product. I currently pay $700 per year in maintenance fees, $179 in booking fees, $50 per year in membership fees and taxes on my 1 bedroom condo. What do I get for all that? I have the priviledge of being able to use for 1 week a year.

The maintenance fees have gone from $350 per year to $700... Read the rest of this entry »

How to Tell if a Timeshare Resale Company is a Scam

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Timeshare ScammersTimeshare resale agents operate the same way as a real estate agent - they get paid only when you sell your property. A legitimate timeshare resales agent will charge a commission after the sale is finalized and take a fee out of the net proceeds from the transaction (which helps to explain why there are very few timeshare resale agents in the business right now with timeshares selling so low). Also keep in mind - there are never any upfront fees or advertising costs to be... Read the rest of this entry »

Florida Timeshare Foreclosure Law

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Florida contains one-quarter of all of the timeshares in the US. Because of the high concentration of timeshare resorts in FL, the legislature felt it necessary to pass a bill to help timeshare owners struggling with timeshare debt. In response to challenges being faced by Home Owners Associations and lenders due to a high number of owners being unable to afford their payments, the Trustee Foreclosure Bill was created. The Trustee Foreclosure Bill will reduce the time and cost for timeshare owners paying late and struggling financially because of maintenance fees. This bill was created with the aim of... Read the rest of this entry »