Getting out of a time share

Getting out of a time share

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Getting out of a time share
  #1  
Old 06-19-2019, 09:47 PM
ctreick ctreick is offline
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Default Getting out of a time share

Has anyone had any success getting out of a time share? If you have please share how you did it. We keep looking at the time share exit groups that guarantee success, but I would like to hear real success stories from real people.
Thank you!!!
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  #2  
Old 06-20-2019, 05:43 AM
dnobles dnobles is offline
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Not positive but I think The Villages has something to help you with that. Ask your realtor
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  #3  
Old 06-20-2019, 05:59 AM
B-flat B-flat is online now
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Quote:
Originally Posted by ctreick View Post
Has anyone had any success getting out of a timeshare? If you have please share how you did it. We keep looking at the time share exit groups that guarantee success, but I would like to hear real success stories from real people.
Thank you!!!
I'm not sure how much my our experience will help you. We had a timeshare at Seamist located in Mashpee on Cape Cod. We were fortunate to have been referred to a Sandwich, Ma attorney who specialized in selling timeshare units. Once per year he would hold an auction. We were willing to take any dollars we could get for it. In the end he sold at auction, we walked away with just under $2000 but that's great considering in 1983 the cost was $10k and the unit was used for the better part of 26 years.
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  #4  
Old 06-20-2019, 06:13 AM
retiredguy123 retiredguy123 is online now
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Dave Ramsey is a well known and respected financial advisor, who also has a radio show. He endorses "timeshareexitteam.com". They will charge money up front, but will guarantee to get rid of your timeshare. There are lots of other companies who will just take your money and do nothing. Another idea, which is recommended by Clark Howard, another respected talk show host, is to stay at your timeshare when it is available, and offer to give it away to other timeshare owners who are staying there at the same time. Clark Howard refers to timeshares as a defective product. Good luck.
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  #5  
Old 06-20-2019, 06:53 AM
justjim justjim is offline
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We have never owned a timeshare but stayed in them several times with friends before retirement. One of our friends gave the timeshare to one of their kids and gave the other sibling an equal amount of money. If you have children, you might give that some thought.
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  #6  
Old 06-20-2019, 07:04 AM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by retiredguy123 View Post
Dave Ramsey is a well known and respected financial advisor, who also has a radio show. He endorses "timeshareexitteam.com". They will charge money up front, but will guarantee to get rid of your timeshare. There are lots of other companies who will just take your money and do nothing. Another idea, which is recommended by Clark Howard, another respected talk show host, is to stay at your timeshare when it is available, and offer to give it away to other timeshare owners who are staying there at the same time. Clark Howard refers to timeshares as a defective product. Good luck.

I've heards Time Share Exit can work. Fully disclosure, Ramsey is a paid endorser.
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  #7  
Old 06-20-2019, 07:36 AM
stan the man stan the man is online now
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Quote:
Originally Posted by dewilson58 View Post
I've heards Time Share Exit can work. Fully disclosure, Ramsey is a paid endorser.
I heard neither are successful
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  #8  
Old 06-20-2019, 07:41 AM
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dewilson58 dewilson58 is offline
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Originally Posted by stan the man View Post
I heard neither are successful



Not surprised.............





To clarify my position: I'm not endorsing, just sharing information.
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  #9  
Old 06-20-2019, 07:45 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by justjim View Post
We have never owned a timeshare but stayed in them several times with friends before retirement. One of our friends gave the timeshare to one of their kids and gave the other sibling an equal amount of money. If you have children, you might give that some thought.
It only makes sense to give away a timeshare if it has market value. The problem is that many timeshares have no value because of the annual maintenance fees, and you have to pay someone money to take it. Even if you leave it to an heir or a charity, they may not accept the inheritance, and then your executor is required to spend money from your estate to get rid of the timeshare.
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  #10  
Old 06-20-2019, 08:07 AM
leftyf leftyf is offline
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When I retired I was offered 3 timeshares for free. All from close friends. I turned them all down. The friends are both dead now, so I don't know what happened to the timeshares.
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