Title insurance in the timeshare industry is similar to title insurance for a home or other property purchase. Title insurance is optional for the buyer of a timeshare in order to protect them from financial loss due to undeclared liens, title defects, overdue maintenance fees, or other issues that may obstruct the transfer of property ownership. It…
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…
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…
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…
The following is an owner-submitted story about Quail Hollow Resort at Beech Mountain Lakes located in Drums, Pennsylvania. We own 2 different annual weeks, and have owned them for about 30 years – one is in June, and one is in August. This past week we arrived in our timeshare to find that the glass…
We bought a Westgate timeshare in 2007 while vacationing at Myrtle Beach, South Carolina. Worst mistake ever! We finished paying for the $16,000 timeshare a few years ago, which was almost double in price with their high interest rate. I received the deed a couple years ago, and have been paying maintenance fees since this…
I had an awful experience with Westgates concerning my timeshare. Three years ago I purchase a timeshare with Westgate and I only used it one time. The other time, I could not use it because of problem with my mortgage and other financial issues. I contacted Westgates and told them that I was having financial…
Has anyone purchased a timeshare that was pre-construction inventory that was not built within the timeframe listed? I have a relative that purchased Wyndham Desert Blue and the resort was under construction at one point and the construction stalled in 2009 and only recently began again. However, her contract shows a specific date that the…
If you have decided to purchase a timeshare you may be unsure what types of questions to ask before becoming a time share owner. While everyone will have their own personal preferences regarding location, amenities, time of year, and perks, the following checklist is a good starting point for anyone new to timeshare to be…
An estimated 4.5 million people currently own timeshare and this figure will continue to grow in the future as larger resort companies such as Hyatt, Hilton, Marriott, and Disney increase their timeshare offerings. The following are reasons why it is better to own rather than rent your vacation: Zero Due at Checkout – the money…
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