Timeshares
 

Can anyone recommend a way to get out of a Marriott timeshare?

List for resale on EBay or online site. Good luck. An ex Marriott CFO laughed when I asked how profitable timeshare sales are.

Timeshare users group below

How to get out of a timeshare yourself | timeshare exit information

Ask member Nowalker on Tug board., an expert on determining value of timeshare resale if you post contract details.

Look how many are available for FREE

Free Timeshares | Timeshare Users Group Online Owner Forums

The organization from your link says this about the timeshare exit companies:

"The catch is that every one of these companies expects you to pay a staggeringly high upfront fee for their "services"."

But, every TV and radio commercial I have heard for these companies says that, if they don't get rid of your timeshare, "you will pay nothing".

So, who is lying???

The first step would be to offer to give it back to Marriott. The next step would be to contact or advertise the timeshare to other people who already own a Marriott timeshare. They would be more likely to buy or accept your timeshare. Another option is to ask a charity to sell it for you and allow them to keep the proceeds. Some people may be willing to buy a timeshare from a charity that they already donate to. Good luck.

Sell it on ebay. Some sell for as little as 1.00.

You’ll have to give it away to someone - someone will take it.

I could be wrong, but, as I understand it, even if you give it away, you still need Marriott's approval to accept the new owner and to eliminate the current owner's legal responsibility to pay for the annual maintenance costs. Otherwise, you could just give it to a person who is bankrupt.

That depends on the yearly "fee".

I a lot of cases, you'll have to pay someone to get them to take your Time Share.

Fake your death

Estate still on the hook. Why you may have to pay someone to take it. Even charity doesn’t want it

If there is money in your estate, your estate can be required to pay any money that was owed to the timeshare company before you died. But, if you leave the timeshare to a beneficiary, the beneficiary can refuse to accept it, and they cannot be required make any future payments. No one can be forced to accept an inheritance.

[QUWeOTE=express24;2279943]Can anyone recommend a way to get out of a Marriott timeshare?[/QUOTE]

We sold ours back to Marriott- of course they only gave us half the purchase price.
But we were happy it was over..

Nothing is free
 

Many of the free services are not free. I haven’t found one that was. Some of their versions are free or that they will swap you into another timeshare that’s getting rid of. Yours is free. However, you’ve taken on additional debt. I definitely would look at TUG. Typically the hotel related timeshares hold their value better than any of the others.You will find out there.

If it’s paid off, give it back via their deed-back process. You will get no $$$ and MUST be current on fees. NO good way.

Don't
 

That time share will be a forever obligation to who gets one.

There are several options, depending on location and what Marriott is doing with the units at a particular resort. I suggest you contact Marriott’s owner modification department at (800) 443-4391. Sometimes Marriott will buy it back from you, sometimes they can sell it for you or you can sell it privately. Here is someone I have used:

Samuel Rodriguez
Licensed Agent
Hilton and Marriott Specialist

Selling Timeshares Inc.
Office: 917-463-0015
Fax: 212-898-1344
Selling Timeshares, Inc. - Hilton Resale Specialists, Buy and Sell Timeshares

I have used Sam, I have sold units through Marriott and I’ve sold on my own. Had 5 weeks before I moved to Florida and disposed of them all.

I got rid of two weeks of Timeshares by calling Marriott. They paid me a small amount and relieved me of my ownership. It didn't cost me anything.

Timeshare
 

We dealt directly with Marriott, and they gave us a good deal.

We had 2 timeshares. We gifted one and the other was just luck in that this person was looking for another one for a relative as they travel together. We sold it for a song.
NO MORE maintenance fees, YEA!!!!!

Call Marriott.
 

Call Marriott directly. They will take it back from you. You won't get any money, but you will be out from under the yearly maintenance fee. We had 3 and when we moved to Florida, and decided that we wanted to rid ourselves of one. They took it back, no problem.

Many are NOT taking them back! They are only interested in the perpetual fees. Read TUG board. People will pay you for nice Vegas strip properties

returned Time Share
 

I called my time share company and told them I want to give it back to them. They just had me sign some papers and it was finally over. Paying money to these supposed time share sellers is a scam. you send them 2, 3, 5 hundred dollars and that is the last you hear from them

If the timeshare is completely paid off you can file a "Quitclaim deed" with whatever county the timeshare is registered.

We did that with a timeshare in New Orleans. The annual fees became outrageous PLUS they added an additional fee to cover hurricane damage--something that was probably covered by insurance--so I suspect they were double dipping. I contacted Orleans Parish, paid the appropriate fee (I think it was $45--this was 2008) and submitted the proper forms which you can get online. I think they were free at that time. The original HAS to take the timeshare back, whether they want it or not.

Whatever you do don't waste your money on the outfits that say they can sell your timeshare for you. In 2008 the fee for that "service" was $450 (I'm sure it's much more these days) and they promised to put it on 30 different websites. All 30 were the same website with 30 different names. We didn't get one offer!

Timeshares are offered for as little as $1.00, all by people trying to get out from under the annual fees which always go up and never go down. And, when you die the timeshare transfers to your heirs in perpetuity (i.e. forever) whether they want it or not.

Timeshares, by the way, are the biggest scam in real estate. They sell the same unit for 50 weeks a year. Ours was $14,000 x 50=$700,000 for one unit. Our timeshare had 200 units x $700,000=$140,000,000. The annual fee started at $350 x 10,000 total weeks (50 x 200)= $3,500,000/year. And they need special assessments on top of that? Yeah, sure!

Not true, according to timesharerelease.com. They say:

"Remember, it is not in the power of one individual to unilaterally decide to remove their name from a timeshare and grant it to another through a Quit Claim Deed. Both parties need to have their consent and signature for the Deed to be of any use to get rid of a timeshare."

Years ago we had one in Mexico and based on research, the first thing we did was contact the company and offer it back to them — and they took it if we paid them $1,000. We did that as the yearly fees were escalating and we didn’t want the timeshare anymore. Sometimes you just have to weigh all options and use the one with the least resistance.

Marriott time share
 

Marriott has first right of refusal. When we contacted them about our timeshare, they said it didn’t have a financial value, but they would take it back and I would be no longer responsible for the yearly maintenance fee. Give that a try.

Sorry you bought into a Time Share.
Explained by John Oliver with a bit of comedy
https://m.youtube.com/watch?v=Bd2bbHoVQSM

We sold ours back to Marriott- of course they only gave us half the purchase price.
But we were happy it was over..[/QUOTE]

From what I have heard you did good.

Marriott has a website just for Marriott timeshares, we sold ours at Doral in one day for $6000. They kept 40% for commission.

Rent on Red week
 

We have a Marriot timeshare at Grand Ocean in prime season and have been successful in renting it easily using Red Week and easily getting a lot more than our fees for it. it's actually a good deal.

Which Marriotts do you have ?

We sold ours back to Marriott- of course they only gave us half the purchase price.
But we were happy it was over..[/QUOTE]

Sounds like you did well. Most are worth 0.

How much is "a lot" more than your fees? How much was the initial outlay?

I see that I can buy one outright on eBay for $1200 right now for December.

Gift it to a Non-Friend !

If you are gifted a timeshare, refuse the gift. If you inherit a timeshare, disclaim the inheritance in writing. You may need a lawyer to do it for you.

Timeshares = scam.

The gift that keeps on taking.

Interesting website, link posted below, example:
Marriott's OceanWatch Villas at Grande Dunes, Myrtle Beach, South Carolina
620 rentals available, $100 - $900/night
54 resales available, $800 - $22,000

https://www.redweek.com/search/North...ina-timeshares

I guess I assumed corporate time share sales were a thing of the past but today I get a call from Hilton about taking a cheap vacation if I listen to their time share presentation, wow!