If you’ve decided to either gift your timeshare to a family member or sell your timeshare, you will need to transfer ownership of your timeshare to the new party. A transfer of ownership is handled in a formal, and often complex, process. Because of the nature of the process, it might be in your best interest…
We received the following submission from one of our users about their experience with timeshares at Mayan Palace in Mexico: “I bought a timeshare at Mayan Palace as an investment and was told I could use the equity to purchase a one or two bedroom. They have totally lied about everything they said they were…
We recently received the following submission from one of our users: “My wife and I have a club membership at an all-inclusive resort in Mexico. When we first signed up for our membership we were also given access to RCI plus a single vacation week with them for a deep discount price, which we used…
We recently received the following submission from one of our users: “I am not a member yet but my girlfriend and I have discussed purchasing so we can vacation more as well as better. I have gotten several calls from several vacation timeshares and I regret that I cannot talk before 4:30 p.m. as I…
Unfortunately, divorce is a very real possibility for some married couples. Timeshares, like all other shared assets and liabilities, must be addressed in the event of a divorce. Because divorce is a complicated and often emotional process, it is a good idea to consider hiring a divorce lawyer to help you navigate the system. But whether…
One of our users left the following comment on our “What Happens If I Stop Paying My Timeshare?” article: “Hello, Really need some advice please. We live in England & have been pressured into buying a timeshare in Tennessee while on holiday in Vegas. Timeshare company that miss sold to us is Eldorado Resorts (based at Grand…
We received the following submission from one of our users about their experience with Westgate Lakes Resort & Spa in Florida: “I have been fooled by false promises that I could sell my weeks or getaways and make some money with it, so myself and wife purchased a ‘property’ in October 2015 looking forward to…
One of our users posted this comment in response to our “Timeshare Rescission Period” article: “And what can you do to rescind the contract or mortgage AFTER that cooling-off period?? In my case, me and my family were on vacation in Orlando, FL and we unfortunately bought a timeshare from westgate resorts.. when we went back…
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…
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…
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