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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Timeshares (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/timeshares-345895/)

cappak 12-06-2023 07:58 AM

Quote:

Originally Posted by express24 (Post 2279943)
Can anyone recommend a way to get out of a Marriott timeshare?

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.

dfc3008 12-06-2023 07:59 AM

Quote:

Originally Posted by express24 (Post 2279943)
Can anyone recommend a way to get out of a Marriott timeshare?

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.

garykoca427@gmail.com 12-06-2023 08:18 AM

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

mrf0151 12-06-2023 08:19 AM

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!!!!!

barbief 12-06-2023 09:09 AM

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.

Babubhat 12-06-2023 09:16 AM

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

checkup78 12-06-2023 09:49 AM

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

Steve 12-06-2023 10:30 AM

Quote:

Originally Posted by express24 (Post 2279943)
Can anyone recommend a way to get out of a Marriott timeshare?

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!

retiredguy123 12-06-2023 10:49 AM

Quote:

Originally Posted by Steve (Post 2280232)
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."

PurePeach 12-06-2023 11:15 AM

Quote:

Originally Posted by express24 (Post 2279943)
Can anyone recommend a way to get out of a Marriott 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.

Always rolling 12-06-2023 12:44 PM

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.

Keefelane66 12-06-2023 01:21 PM

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

Gator_Girl 12-06-2023 03:11 PM

How to Get Rid of a Timeshare - Ramsey

kkingston57 12-06-2023 04:01 PM

Quote:

Originally Posted by Sandancer (Post 2280136)
[QUWeOTE=express24;2279943]Can anyone recommend a way to get out of a Marriott timeshare?

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.

dpmers 12-07-2023 12:03 AM

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


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