Need help with Timeshare Relief Inc.

**KTP** · 04-30-2009, 03:36 PM

Ouch...people still buy time shares?

My wife has sometimes wanted to take advantage of the offers they give for sitting in on a presentation (free hotel stays, flights, etc.) I told her it is a good clue to how bad their product is if they have to give away this much stuff. Plus I heard they really brow beat you to get you to sign a check right there at the presentation.

I am curious...do you mean when you listed it with sellmytimesharenow you were asking $$ for it, or were you just listing it for like $1 to get rid of it? Does the Timeshare Relief company charge a commision, or do you actually pay them cash to take it off your hands?

**Salmon Runner** · 04-30-2009, 04:04 PM

I am all for you guys getting the free stuff. For all the people these timeshare sales companies are scamming, at least some of us should squeeze some of those free things out of them but I've been there and I know how much pressure they put on you before they let go of their freebies haha.

but to answer your question,
I was pretty much trying to cut my losses by listing it. I bought if for $9,000 and was hoping for at least $3,000 back by reselling it. That didn't happen even at 30% the original price! At this point I am trying to give it back to the resort and they don't even want it. From my research, they make more off my annual fees than they do trying to resell it at almost no profit margin.
So at this point, getting off the contract will save me alot of money because all these timeshare contracts are signed to perpetuity.

**KTP** · 04-30-2009, 05:17 PM

This is far out there, but I wonder if you could sell it for $1 to someone who is preparing to file chapter 13 or something

You could have a little presentation where you give them a gift of $100 for attending, then sign over the time share to them for $1 more.

Then, they never pay the annual fee, file chapter 13 as planned, and the resort gets stuck with the time share!

hmmm...there has to be something illegal about that...

**boosami** · 04-30-2009, 06:51 PM

Keep lowering that price... Eventually someone will buy it. You may not get much money back, but you'll be free of that perpetual contract!

**HamSandwich** · 05-01-2009, 08:51 AM

my parents actually used their service last year. these people did what they said they would in that they got rid of my parents timeshare, albeit there was a fee. but they figured it came down to whether they wanted to deal with it now or later. personally, id rather pay one large fee upfront and have it taken care of versus having to pay smaller fees year after year. hope this helps!

**nothing to fear** · 05-01-2009, 09:09 AM

I inherited a timeshare from my parents. I have tried to list it with Timeshares Only, but i have had no success. I also have tried selling my timeshare on eBay but it did not sell for $1.00. I think I am going to check out Timeshare Relief. Thank you Ham Sandwich for your advice!

**KTP** · 05-01-2009, 09:12 AM

Wow, this brings up an interesting side thread. Can you refuse an item in an inheritance, like a time share? It doesn't seem right that you can "inheret" a contract and all of the fees that go with it...

**nothing to fear** · 05-01-2009, 09:32 AM

Well unfortunately yes, there is a way to refuse an item in inheritance. Although, I was unaware of the ability to disclaim claim the timeshare until the time frame was already over.

**Salmon Runner** · 05-01-2009, 09:47 AM

hey KTP! thanks for chiming in. I am aware that you do get a 90 day period to refuse items in inheritance but it's rare that people exercise these options. I suppose you would have to do it for a timeshare. The thing is that I'm only in my 50's and I would most likely be paying up to my 70's-80's. I calculated that my fees alone for the next 20-30 years would cost me $15,000-$21,000. If you ask me, thats a big waste of my hard earned money.

Hey ham, since your parents dropped their timeshare with timeshare relief, has their been any negative consequences? Any problems since you handed over the contract?

**HamSandwich** · 05-01-2009, 10:40 AM

no there hasnt been any negative consequences. not that i know of. goodluck with that!

**Salmon Runner** · 05-01-2009, 11:39 AM

If I may ask, how long has it been since your parents used the Timeshare Relief service? Has it been at least half a year? Because I know of companies that don't hold up on their word of transferring the title. I did some research on the Better Business Bureau and I was surprised to find that Timeshare Relief Inc. has many copy-cat companies that received very negative reviews from consumers usually in the D to F grade range because they don't do what they claim to do for you. I feel like I could trust Timeshare Relief Inc. because they do have an A- reputation which is a good grade with the Better Business Bureau.

**HamSandwich** · 05-01-2009, 11:54 AM

its been a little over 10 months since they last closed and havent had any problems yet. i would trust the BBB rating. theyre pretty reliable in my opinion.

**Salmon Runner** · 05-04-2009, 08:59 AM

Hey forum surfers, well over the weekend, I decided to take boosami's advice of lowering the price. I've lowered the price down to about $1800 now and still no buyers. I have realized that this resale market is completely over saturated. I guess timeshare owners are just not happy with their useless purchases. I found too many timeshares competing in the same price range. If I can't even sell my timeshare at 15% of my original investment, this makes me think that buying a timeshare is not a wise financial decision. At least I learned it the hard way and can warn all of you before you find yourself down the same path I'm in right now.

Need help with Timeshare Relief Inc.