Bluebeard’s Castle Foreclosure

We received the following submission from one of our users about their experience with Bluebeard's Castle Resort in St. Thomas:

"I was roped into buying a timeshare in 1993 on my honeymoon. Once we returned my wife and I realized we couldn't afford it so never paid for it. We received a foreclosure notice from the bank that financed it and never heard from them again until last month. I received a collection notice from a collection agency saying we owe $25,000 in back maintenance fees and interest. The deed is still in my name? How is that possible when... Read the rest of this entry »

Timeshare Deedbacks

We recently received the following submission from one of our users regarding their timeshare property at Orange Lake Resort and Country Club in Florida:

"We bought our timeshare 21 years ago and used it to exchange vacations in other resorts. It was a good experience but now that my wife has passed away and I am older, trying to unload the resort proves difficult. I am willing to surrender my title to the resort but the warranty deed does not say a word about releasing me from all obligations; I have to take their word that after the title reverts... Read the rest of this entry »

Wyndham- Obligation of Heirs

We received the following question from one of our users:

"I have been a happy Wyndham owner for many years. Recently, I bought more points because the salesman told us that upon our death, our children would not have to pay any of the maintenance fees until they wanted to use the resorts. Upon checking with Wyndham, I found this was a lie. Can I cancel this contract and get my money back?"

As with any timeshare contract, there is a rescission period (usually around 5-7 days, but varies by state) which allows you to cancel your contract. If... Read the rest of this entry »