My wife and I purchased a timeshare in Gatlinburg, TN and after a year or two were able to give it back to them. We then purchased a timeshare in Myrtle Beach, SC and were very satisfied until the damn thing was sold to Holiday Inn and then it became a nightmare. We traded that Holiday Inn Timeshare to a company in Mexico but discovered later that the owners and developers of that timeshare were CROOKS and were put in jail and LOST ALL OUR MONEY...
From that point on, we went to timeshare presentations just for the GIFTS and MONEY and were rude and ugly in our fight not to purchase and left all those sessions exhausted but FREE FROM PURCHASE. After going to roughly 12-15 presentations, we began well versed in all the TIMESHARE LIES...
Three years ago after agreeing to go on a vacation to Disneyland for sitting through a timeshare presentation, we actually purchased again, a double unit where the maintenance fees are due every three years. None of their promises proved to be true and now we are in the process of giving it back to them and while that is a hassle it has become a fun challenge.
First of all,
check out the real estate laws in the state where your timeshare is located not the state where you timeshare was purchased. read all those laws carefully.
then check out that state's consumer protection laws for fraud....
third, most contracts states that your heirs will inherit the timeshare and be forced to pay... but, your children can file a refusal to accept timeshare letter with the probate court after your debt and there will not be paying any fees.
fourth, your age and health is a factor as is the property you own and your social security income. So, think about selling your house to your children for a $1 with the right to live in it until you die. Your vehicles can be done the same way... leaving no personal property for a lien to be placed.
fifth, remember the terms/phrase signing under duress, fraud, misleading information, not being advised to seek out legal counsel on the contract, and faithfully keep track of all the INCENTIVES that you were given or promised to purchase, even though you signed that there were no incentives.... SIGNED UNDER DURESS...
sixth, all correspondence should be sent CERTIFIED MAIL to make sure that they received it and keep a diary of who you talked to, what date, and time... remember phone records will help prove that you made the call....
GOOD LUCK
