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<b>Timeshare Consumer Advisor</b> - Advising Timeshare Owners On Their Options
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The greatest misconception most timeshare owners have is that their timeshare contract is a lifetime one. This is not true. Timeshare developers do not really want people to know how to exit their timeshare because their business model depends on keeping owners and their families in the system. Here are a few tips to getting rid of your timeshare.

Renting out the timeshare
This does not exactly get you out of the contract but, at least, it helps in sharing the financial burden. Renting out your timeshare is a good idea but it also comes with some setbacks. Most resorts have renting restrictions. Many resorts actively rent out available inventory. This means you’ll be competing with the resort to find interested renters. Many times, the resort where your timeshare is located would have many empty timeshares available for rent. This depresses the rental rate since the resort is more interested in filling the units than getting premium rental amounts.

Donate it
The responsibilities attached to timeshares can be overwhelming. Many owners think they can donate the ownership of their timeshares. Unfortunately, charities will not accept them. The problem is that your timeshare has an annual maintenance fee, and the charities do not want to pay the fees. You may be able to donate your paid-for week to a charity for their use. Of course, this does not help you get rid of the ownership and future fees. Donating a timeshare is not an effective strategy if you want to make any money out of it.


Pay someone to get you out of the timeshare
This is called a transfer. A timeshare owner simply pays someone to take over their timeshare along with all its responsibility. The individual would then continue the payment of the annual maintenance fee while the original owner of the timeshare is relieved of the burden. It’s a very simple approach but it is important to ensure that you work with an experienced timeshare elimination company. Are you looking to get out of your timeshare contract? Then, speak to experts with a seamless track record. Contact TS Elimination today on 888-559-5660 or www.tselimination.com

Return it to the resort
Most resorts will not take back the timeshare. Their business model is to sell out timeshare resorts, then collect the maintenance fees in perpetuity. The more resorts they sell out, the more maintenance fees they can collect. It is not in the resorts best interest to take back the ownership. The resorts do not want to pay the fees. Regardless of what you were told when you bought the timeshare, the resort in most cases is not interested in taking back the timeshare.

Sell it
Most owners wish they could sell their timeshares. When you purchased your timeshare you may have been told that someday you can easily sell your timeshare. The honest truth is that it is not easy to sell a timeshare. There are few buyers on the secondary market. Most people do not know where to start. Some check with family and friends. When acquaintances are not willing to buy the timeshare, owners will try a listing company. Beware of these listing companies as they are not always successful. At most, 3% of listed timeshares ever sell. A quicker way out is by using a transfer company.

If you need professional help in terminating your timeshare contract, contact TS Elimination, LLC. on 888-559-5660 or www.tselimination.com

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Timeshare
Over the years, timeshare management has taken different turns. Today, it is a little more complicated than it ought to be. When you wish to purchase a timeshare, proper research must be done so you have a clear understanding of the commitment you are making.

On the one hand, timeshare salespersons might not explain fully to you how the point system works. On the other hand, perhaps, you simply don’t understand how it works. This article would shed more light on how resorts and vacation club use the point system for their timeshares.

The timeshare point system can get really confusing. This is because it does not have a particular way in which it runs. Different resorts and vacation clubs have different ways of running their point systems. Vacation clubs have points values which they use as currencies. Different vacation clubs have different point values and how they are used.

A point system or club system consists of a number of timeshare resorts and hotels that have grouped together to provide a range of accommodation in different locations around the world. Every resort that joins the point system has its weeks valued and expressed in common currency (point system). These timeshare points can be sold and purchased. Points are flexible and can be obtained according to holiday needs and value of unit desired. Each shareowner has a certain number of points that can be used for different types of accommodations at different times of the year. If you want a large suite at peak tourist season, it might cost you more points than a small hotel room during the slow season. This allows owners to alter their vacation plans from year to year, although early booking is still a good idea.

A misconception people have about points is that you don’t have a deeded property. This is not true. You can have what is called an undivided interest which means you share the overall property with everyone else who owns a property at the resort you’re a part of. If you own a particular unit, you share ownership with everyone who has every other week in that year for that unit only. So, undivided interest is the same as a deeded timeshare except on a broader scale.

Say a one bedroom takes 100,000 each week (12,000 each weeknight and 20,000 each weekend night). A two bedroom takes 140,000 for the week (18,000 each weeknight and 25,000 for each weekend night). You have a choice of how many points you wish to purchase but they will only go so far in this type of system. If you own 280,000 points, you can get two whole weeks in a two bedroom each year or you can get a one bedroom for a week, plus two 5 day excursions taking only weekdays in a one bedroom, plus 60,000 points still left over for a weekend and another night. If you go during less than peak times, your points go even further because the same units go for far lesser points per night.

Point systems also have some disadvantages. If you wish to reserve a high-demand period ( e.g. Christmas, President’s week), you need to call on the earliest possible date to secure your reservation. You need to confirm at some resorts from which you own points as early as 13 months in advance! All others must wait until the 10-month opening reservation date, and by then the week you want may already be unavailable.

The points must be paid for and used in the year received, or otherwise deposited with one of the exchange companies, thus incurring additional fees and rules governing usage.

There are many points-based systems including Marriott, Starwood, RCI, Hilton, Disney, Interval International, Diamond, Wyndham, Worldmark, Royal Holiday Club, etc… Each has its own distinct rules, fees, options, and conditions amongst others. Indeed, the learning curve can be steep! Sometimes, the Customer Service representatives of the program don’t even know the rules. They may simply give you contradictory, misleading or just plain false information. More so, if and when you finally learn, some companies can and do change the rules.

Points-based systems may not allow you to rent out the weeks or nights you have reserved. You may obtain “guest certificates” (usually for a fee of $49. to $59.), but in many cases, their rules forbid you to do so for profit. People who have posted rental ads on web sites have been “caught” and have had their allocated week cancelled. This can result in a lawsuit from the renter who does not get to use the week agreed upon.

If you need help leaving the complex world of timeshares, contact the experts at TS Elimination, LLC on 888-559-5660 or www.tselimination.com
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Timeshare
If you own a timeshare and you’re really frustrated about it, it’s certain that the thought of not paying your maintenance fees must have crossed your mind. As good as this might sound, it is neither the best nor cheapest way to get rid of your timeshare. In this article, we’ll consider why backing out of your timeshare obligation is never the best option for you.

Deciding to stop your timeshare payment can result in a court case. Imagine how messy that would be.

When you stop paying for your timeshare, you’d get collection letters to remind you about your payment. After the fourth letter, the case becomes way more complex than you’d be comfortable with. It is important to remember that most timeshares come with a perpetuity clause. This means that just because you stop paying does not bring an end to fulfilling your timeshare obligations. When your account is delinquent, you cannot sell, rent, donate, gift or get rid of the timeshare in any way. You would be stuck with the timeshare and all its responsibilities until you clear and settle the financial delinquency with your timeshare management company.

What exactly happens when you stop paying for your timeshare?

Different things can actually occur.

If you reach some sort of legal agreement with the resort, the timeshare developer may opt to auction your timeshare. The problem with this is that there are no buyers to bid in the auction. Timeshares auctioned on eBay go for as low as $1 and less, with the seller paying transfer costs and future maintenance fees. It is for this reason, that most resorts do not even bother with this option. They just continue collection efforts.
If the timeshare development is a ‘high end’ resort (Only a few resorts fit into this category. Most timeshares are not ‘high-end.’), then the resort management may be successful auctioning off the deficient unit. The previous owner would then be responsible for the deficiency, having to pay what is left of the debt on the timeshare. This, however, does not happen without the involvement of lawyers. These lawyers all charge fees, which gets added into the deficiency judgement. This option is not as easy as it seems on the surface. Often, you are left owing more than the original debt.

The ugliest path this decision can take is when the court gets involved. Depending on where your resort is located, the management may pursue the action of foreclosure. This can be expensive as you would end up paying the funds you owe, attorney fees, court costs, document filing costs and every other cost that may be attached to it.

Your best bet is to get rid of the timeshare in a less stressful and less expensive way. Getting involved with the court can get really ugly and even affect future financial decisions. There are many ways to get rid of your timeshare without getting in trouble with the law, and TS Elimination is one of your most credible options.

TS Elimination helps timeshare owners get out of their timeshare with easier and more cost-effective solutions. Contact TS Elimination LLC on 888-559-5660 or www.tselimination.com to get out of your timeshare today.
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Timeshare

What they don’t tell you about timeshare

While you are busy soaking up what the timeshare salesperson is saying to you, you should consider all of this as well. I am very sure most of these things skipped his mind while he was talking to you. We have taken our time to ensure that this information gets to you before you buy that timeshare.  We don’t want you to make a mistake for your family.

  1. Timeshares are not actual investments

I know this is such a bummer because the salesperson must have made statements such as “lifetime investment”. An investment is supposed to appreciate in value and most importantly bring in income. A timeshare does not do that, in fact it does the exact opposite of that. It gradually becomes one of the worse liabilities one can own.

  1. Risks of default payment

Did the sales person mention to you that you cannot afford to miss your payment?   Most timeshares require large upfront down payments, with ongoing mortgage payments.    Some think that if you default on the mortgage, that the resort will take back the timeshare.    Unfortunately, timeshares do not have value like regular real estate.    The resorts do not want to take back the liability.    There are all sorts of reasons for this, but what is important is that you cannot just dump a timeshare by stopping paying.  Stopping payment triggers a list of collection activities that are never ending.    For most, their credit is important, and when you stop paying on the liability, your credit can be trashed.   It pretty much affects you as an individual and your future plans. Why take such risks over a property you cannot even claim to be yours?

  1. You share the loss too

If you get your timeshare based on a deeded contract what your sales person would not tell you is when natural disasters occur, you alongside the 51 other owners of the unit and 1000’s of others in the development  would share in the loss. This simply means if the company has to rebuild the property you would have to pay more money to build it.  This is called a Special Assessment.  And remember this is not really your property. You don’t own the whole building, just a week of time in one unit…but you still share in the loss.     Historically, these special assessments can be $1000 to $5000 per occurrence.  

  1. Almost impossible to trade

One thing that attracts a lot of people to timeshare is the idea of trading a place with another. Well that is because that is what you were told. What they fail to tell you is the fact that this trade is near impossible. You would apply for the trade and pay extra money for the trade which at the end of the day (most of the time) does not happen. Remember, there are limited A+ and five star resorts, in A+ and five star locations.    Remember, everyone wants to go to the best places during peak season.    Not everyone can go at the same time.    Also, if your resort rents units, it is possible they have already rented out the premium units at the premium times.    You are then stuck with the same vacation location which you are already bored of. What’s the point then?

  1. Travel costs are not included

Yes. I’m so sure you did not think about this. Or you were probably told you can use your timeshare point to sort out travel expenses. News flash, even those points cost money. That timeshare in Mexico or Europe looked so good and seemed like the best deal but I’m pretty sure you did not think of the cost to transport the whole family there. Timeshare sells the idea of a place to you no matter what part of the world it is located but they do not tell you that you have to transport yourself there. The ridiculous maintenance fee does not cover your transport cost. Why pay so much for a timeshare then?

one thing we know is that these salespersons never tell you that getting out of a time share can prove to be near impossible. it is one of the most frustrating liability you can own. the maintenance fee never drops but rather keeps going up and you would always want out. 
we have also helped you search our liable firms and timeshare elimination firms that can help you. check out tselimination.com and tsgetout.com for a easy and convenient way out.

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Timeshare
This is apparently the most challenging question in the business of timeshare.

Timeshare is also known as “vacation ownership”. It is ownership of a particular property for a specific time range. This is the most basic definition of timeshare. The knowledge of timeshares just became popular but timeshares have existed since the early 1960s. While the legal structure of timeshare ownership in the United States provides for “ownership,” what is actually owned is time usage. Timeshare Purchase Agreements are complicated and, many times, one-sided. The contracts give Timeshare Developers and the Resort Management Company much of the power in the relationship. Prospective shareowners should exercise caution before buying a timeshare.

A little history about timeshare.

Timeshares began in the United Kingdom in the early 1960s. This system of vacation became popular after the Second World War. During this time different families purchased a property and shared it among themselves for different seasons of the year. It was just a way for every family to get a feel of the place at the season of their choice.

Over the years, this simple home sharing venture has grown to become one of real estate’s biggest business strategies in different parts of the world.

Timeshares were first introduced into the United States in the year 1973 by the Caribbean International Corporation (CIC). It offered 25-year vacation licence rather than an outright ownership. CIC assured maintenance of specific accommodation which was provided in the specified season and time interval agreed upon. The contract between CIC and their client attracted the sum of $15 per night which was to be paid according to the terms of the contract. The contract also contained a $25 switching fee, which was charged if the client decided for any reason to switch resorts location.

In the past, the fee paid was reasonable and fair compared to the amount that would have been spent if the clients had chosen to stay in a hotel with standards provided by CIC timeshare services. In 1999, due to inflation of the dollar, the cost-per-night of the timeshare increased to $52. Clients were allowed to gift or rent out their timeshare accommodation. Irrespective of how occupied the timeshare is during the period stipulated to a client or otherwise, the client is expected to pay the sum of $15 per night as agreed. This “per-night” payment is what is known as the maintenance fee today. With the benefit of hindsight and experience, the average timeshare owners’ maintenance fees have increased dramatically, making timeshare ownership more of a burden, than a benefit.

Over time, the concept of timeshares caught the eye of many entrepreneurs businessmen. The idea of selling a room 52 times to 52 different owners at the average price of $7,000 – $25,000 per week was absolutely mind blowing. Sooner or later, it was expected that the real estate developers would step in, and that is exactly what happened. The Florida Real Estate Developers stepped in to create legislation which would define timeshare ownership in Florida and make them fee simple ownership transactions (which attracted additional fees. It’s no secret that timeshare developers love additional fees). The home owners associations were also initiated. The fee simple ownership transaction paved the way for timeshare location exchange companies to be created. Companies such as Interval International and RCI where spawned so timeshare owners could exchange their week with other timeshare owners in any given area.

To date, cancellation and rescission of timeshare contracts by timeshare owners are still the industry’s biggest problems.

Reference sites: www.wikipedia.org, www.forbes.com
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