Howdy All!

Please don't ask how or why, but I am now responsible for at least two timeshares that I know nothing about.

I have never wanted one and don't see the attraction of them, yet here I am. They are also located in areas I wouldn't visit.

How do I get rid of them? Are there any advantages of having them?

Any information is welcome. Funny comments are encouraged as I need to laugh about this situation.

Thanks!

Very hard to get rid of

Your best bet may be to try to give them to someone

It gets you out of the yearly fees

In your name? Inherited them? If they are not in your name send the company the death certs and say goodbye. If they were left to you recently then 'disclaim' them.

If they are Marriotts or Hyatts there are ways to give them back to them

Not Hyatt or Marriott, unfortunately. Do y'all know of who to talk to about giving them to somebody or disavowing them?

You hear the youtube commercials about getting out from your timeshare but they sound suspect. Are there any real experts in getting out?

What company and what is the annual fee?

So you did inherit them?

I'm really sorry about being vague, but too much more detail will identify me.

I just found out about the timeshares on Friday.

The timeshares are in a piece of an inheritance. They aren't in my name but I am now responsible for acting for the name that they are in.

It'll be much more complicated than simply refusing them as an inheritance to get rid of them.

I was hoping for an idea of what type of professional person would be able to try to unravel this timeshare mess. Lawyer? CPA? The Equalizer? The Punisher? Should I call Best Quality Vacuum and ask for a new dust filter for a Hoover MaxExtract Pro Model 60?

A quick internet search says that timeshare never expire and you can't sell them but somebody has to continually pay for them.

Just a public service announcement: Don't leave timeshares to people you like. (....which might explain this mess...)

Again, sorry for the vague posting. I understand if it puts people off of replying. I'll update this thread if I find a solution.

Where are they?

If even slightly desirable someone may take them from you


If people use them it can be mutually beneficial

I'M NOT A LAWYER

'timeshare inheritance' AI will help you.

you can disclaim them as part of the probate process. you don't have to take them.

if they are not specifically mentioned as an asset of the estate, the quickest way is to send them death certificates and be done with them.
if they were left to you by name, disclaim them, get that document and send that to the TS company.

most timeshare companies, including the big ones are not going to foreclose on an estate. cost to do so and to what end?

they will just take the deeds back.

i am unwinding my parents marriott right now so i don't have to deal with this upon their death. they have a takeback procedure.

As Aggie above stated if your family inherited the TS, you don't have to accept them. Also never pay a company to get you out of them. They can't do anything that you can't do

There is a group called Timeshare User Group (TUG) that can answer your questions and give you good advice.

I would highlight that if the person that inherited them has used them in any way, that's going to be a problem for disclaiming

I know timeshares get dogged a lot, but my parents had one thru Perrenial for a long time. $700 a year after the purchase.
They, and family, went all over the place using the swap option. My brother and I used to go to Speed Week and Bike Week in Daytona. Hotels were $400+ per night, and we would have 8-10 in the timeshare for $700 for the week. Cost $70-80 per person for the week. Family went to HI, PR, and other places. Never had a bad experience. Maybe an outlier.

Talk to ChatGPT... here's my query: https://chatgpt.com/share/69dd2c24-6070-8326-9a0b-ee116f64beed

Quote:

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I know timeshares get dogged a lot, but my parents had one thru Perrenial for a long time. $700 a year after the purchase.They, and family, went all over the place using the swap option. My brother and I used to go to Speed Week and Bike Week in Daytona. Hotels were $400+ per night, and we would have 8-10 in the timeshare for $700 for the week. Cost $70-80 per person for the week. Family went to HI, PR, and other places. Never had a bad experience. Maybe an outlier.

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We absolutely love ours! ^^

We love our DVC. We bought it in 1997 and can sell it for more than we paid which is unheard of in the timeshare industry. Have also lost money on a different timeshare. They are not all equal.

Yeah, I think a lot of people get killed by the fine print or they find the availability of the good spots ends up more limited than expected. My inlaws had Marriott for years which they just got out of, and the trick there was availability. They had one of the highest levels, but there was always a level higher. Booking anything decent had to be over a year out, and while some trips can be planned that far out, not everything can. So it loses some utility.

I had a time share and can possibly help but there are not any details so I can't help
The rights to them can be sold
A lot of times people give them to another person just for them to take over maintenance fee.
Mine is through RCI points.

I don't get timeshares in the age of STR's

DannyDuberstein said:

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Yeah, I think a lot of people get killed by the fine print or they find the availability of the good spots ends up more limited than expected. My inlaws had Marriott for years which they just got out of, and the trick there was availability. They had one of the highest levels, but there was always a level higher. Booking anything decent had to be over a year out, and while some trips can be planned that far out, not everything can. So it loses some utility.

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We have never owned a timeshare, but we have stayed at a couple of high-end Marriott Vacation Club properties through specific promotions that required sitting thru the sales pitch.

The questions I always asked and never could get straight answers for were - 1) will Marriott VC ever consider their membership level full or will they forever attempt to grow their number of members? and 2) what prevents Marriott VC in the future from upping the points required to stay at a certain property, such that future stays at the same property require purchasing additional points down the road?

I've seen too many instances with corporate-owned hospitality (ski resorts, country clubs, etc.) where the drive to continually bring in additional members ruined the entire member experience. Similarly, we have probably all experienced the effects of airlines & hotels continually raising the number of points/miles required for a free flight/stay. Worse inflation that South American currency.

TheRatt87 said:

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DannyDuberstein said:

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Yeah, I think a lot of people get killed by the fine print or they find the availability of the good spots ends up more limited than expected. My inlaws had Marriott for years which they just got out of, and the trick there was availability. They had one of the highest levels, but there was always a level higher. Booking anything decent had to be over a year out, and while some trips can be planned that far out, not everything can. So it loses some utility.

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We have never owned a timeshare, but we have stayed at a couple of high-end Marriott Vacation Club properties through specific promotions that required sitting thru the sales pitch.

The questions I always asked and never could get straight answers for were - 1) will Marriott VC ever consider their membership level full or will they forever attempt to grow their number of members? and 2) what prevents Marriott VC in the future from upping the points required to stay at a certain property, such that future stays at the same property require purchasing additional points down the road?

I've seen too many instances with corporate-owned hospitality (ski resorts, country clubs, etc.) where the drive to continually bring in additional members ruined the entire member experience. Similarly, we have probably all experienced the effects of airlines & hotels continually raising the number of points/miles required for a free flight/stay. Worse inflation that South American currency.

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We own Disney Vacation Club and when they build a new timeshare resort they assign a certain number of points representing ownership in that specific resort and by contract that level of points cannot change. So an owner buys a certain number of points and depending on how many points they own , they can pick their accommodations and how many nights they want to stay. So it is very flexible that an owner is not fixed into a certain week or type of room they want.

DVC is not a timeshare that is perpetual. They have a set expiration date from the date that they start selling that resort. They will buy back member's points thru resale or foreclosure and resale them to the public.