I am a victim of Time Share Resale fraud. I reported it to the state of FL. Now some 3 or 4 yrs later I now have a company named Consult and Recover saying that I have been approved for slot 63 of 65 for a payout since the Fraudulent people have been caught. The money is in an offshore account and... Read more »
I came across you question because I have client that was scammed in a similar way. Because it's such a common scam, I wrote an article about it that you may find helpful. You can find it here: https://targheelaw.com/article
I live in California. The timeshare property is in Texas, Inverness by the Sea, Galveston, Tx. Their company voted to terminate the timeshare property to sell. They want me to deed-back my interest (for $0) or pay a huge maintenance fee. If I don't, they are going to foreclose on the... Read more »
This is the type of thing my partner (Texas bar) reviews fairly regularly. Typically, you want to review it to ensure that the agreement eliminates all ownership and liability. I wrote an article about this a couple years back that you can review here: https://skidmorehales.com/article
This is an interesting question and I feel like I need a lot more information to really answer. To be honest, this sounds like a very typical scam that I deal with all too often. If you have questions about this transaction and want to discuss, I'd be happy to. You can also access an article I...Read more »
I did not find any emails from them until I looked at my spam so it looked like I was avoiding them. I informed them by email that I was waiting for my tax return because I saw that there was a one-time Maintenance increase for an owner agreed on repairs. I have asked them to work with me but... Read more »
If they never sent you paper bills, you may have an argument that they did not give you notice. If that does not work, you may have an attorney negotiate with the collection agency. Most timeshare companies use the same collection companies. I've found that they'll typically negotiate on...Read more »
Assuming that the timeshare is paid in full, the resort will allow you to remove the names of other co-signers. Contact the owner services (or similar) department to get the process started. You may want to contact an attorney with experience in timeshares if you have additional questions or want a...Read more »
I have been paying taxes and maintenance fees for the last 14 years. He passed overseas and the timeshare was not included in the estate, so the inheritors just granted me the timeshare verbally. Can this issue be resolved. Thank you.
This should not be a problem. If you contact the timeshare's member services department, they will be able to get you the paperwork you'll need to update their records. Depending on how it was deeded, you may not even need to complete any paperwork. You may want an attorney to review your paperwork.
The competing business is in my same exact industry with the same exact product type and in my same town. The names are off by ONE letter and the distinctive part is exactly the same. Is there anything I can do do avoid the loss and/or confusion of my clientele? Social media is important in what I... Read more »
I've seen a few timeshare companies in Mexico get aggressive when it comes to past-due maintenance fees. The typical method is to hire a collection agency and report the delinquency to the credit bureaus. I wrote a bit about this recently and you can access my article here:...Read more »
Yes, I believe you have 7 days to cancel a timeshare signed in Virginia. Check your contract for exactly how to cancel and make sure you follow the procedure exactly. Speak with an attorney if you have any questions.
We were informed from the travel agents ( in Mexico) attorney at law (Detroit, Michigan) that we are to pay for the initial notary cost and send the funds to Profeco. They say this is to be done to prove to both government agencies that this is a valid transaction. Is this the proper procedure? In... Read more »
Goodness no! This is a common scam to have you wire money. No such requirements exist to transfer a timeshare in Mexico. Once you send it, the money is gone and you probably won't be able to get anything back. I wrote an article about these types of scams a while back that you can access here:...Read more »
My parents are trying to sell their timeshare in Gatlinburg and the resort allows For Sale By Owner listings on their website, however they will only allow me to sell the timeshare at $2,500. My parents are willing to sell for $1.00.
I was sold a timeshare with false accusations. I have the ability to hire an atty to get the time share nullified and they are saying I will receive a 1099-A to declare the loss. Will this actually provide me any cash savings during the tax process? I have no cap. gains or stock - just basic... Read more »
I'd be wary of any attorney that tells you this. I've practiced law in Florida for many years and when I've helped clients get out of a timeshare, they will often receive a 1099 when the timeshare cancels the loan/mortgage. However, if the loan that was cancelled was $13k, the form...Read more »
She gave me permission to take care of my brother and enroll him in school. My brother is special needs and needs to have certain programs in order to be successful. My mother is homeless and she wants me to care for her son until she is on her feet. She refuses to transfer his money to me as a... Read more »
The easiest thing to do in this situation is go to your local social security office and start the process there. You may need to involve a lawyer to challenge your mother as payee for your brother, but I'd start with the local office and ask for their assistance first.
Small timeshare resorts are often purchased by larger companies that seek to bring the new owners into compliance with their general policies. They can typically do this so long as the new ownership terms are not seriously different than those accepted when you signed your original document. Of the...Read more »
I need help with a timeshare I signed up for on 11/19/18. I live in MI and was on vacation and Thanksgiving w. family. I did not receive the notice to cancel within five days, although the woman clarified I had five business days to cancel and not just five days. I sent a certified letter on... Read more »
All states require the recession period to be in writing. I wrote about this an article for my state bar over a year ago with some tips that you and your attorney may find helpful. You can access it here: https://skidmorehales.com/article
It also has some advice on how to avoid the myriad...Read more »
Unless your contract documents saying something to the contrary, the answer to this depends on if the new company has materially altered the terms of your prior agreement. Companies are generally allowed to increase maintenance fees, but only up to a reasonable amount (usually 2-5% per year). But...Read more »
If the timeshare is your only debt, I recommend contacting the timeshare developer directly or through an attorney to offer it back to them in return for a discharge of the debt you owe. They frequently agree to this when I approach them on behalf of clients.
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