Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > Just Conversation
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
Thread Tools Search this Thread Display Modes
Old 08-08-2011, 06:58 PM   #1
Senior Member
Rodneykrantz's Avatar
Join Date: Apr 2010
Location: West Columbia SC
Posts: 808
Time sharing scams

My mother in law has lost thousands of dollars in time share deals she can't afford to keep it and they tell her they have a buyer for it she sends
them closing cost money and nothing happens We are trying to help her get out of this mess they sent another letter today saying she owes $2200.00 more for maintenance fees and if not paid they will come after her. Can she just let it go and not pay anymore? Can they really take her house? DON'T EVER BUY A TIMESHARE this is killing her

Rodneykrantz is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 08-08-2011, 07:37 PM   #2
Senior Member
Lightseekers's Avatar
Thor Owners Club
Ford Super Duty Owner
Join Date: Aug 2008
Location: Fenton, MO
Posts: 172
Timeshares are a real problem to get rid of - and any contacts saying they have a buyer are scams. There are companies that will take the timeshare off your hands, but most want to be paid somewhere around $2,000 or so to process the paperwork. The annual fees continue forever. The owner's estate will have to continue paying the fees unless a major one time fee is paid.

We had 2 timeshares and ended up paying $2,400 to a company to take them off our hands when I lost my job.

Stan & Dorrie LeRoy, always seeking lighthouses in our 2008 Windsport 36R
Smart Car toad on trailer
2 Spoiled Shitzus
Lightseekers is offline   Reply With Quote
Old 08-08-2011, 07:46 PM   #3
Moderator Emeritus
RickO's Avatar

Join Date: Jan 2007
Location: Litchfield Park, Arizona
Posts: 10,530
Very bad. When one purchases a timeshare they are purchasing a liability rather than an asset but that's hard to see at the time. My understanding is that most timeshare contracts limit the liability of the owner to the timeshare itself and they can't go after other assets.

I know someone who recently "walked away" from two of them. They received all the standard threats from collections, etc and the company went through foreclosure process to regain title to the timeshare. No adverse reports have been made to his credit rating at this time... about 9 months after the foreclosure.

We all have to make our own calls on "moral" decisions but my advice would be to have her just walk away from them and not talk to the collection callers anymore. It may in fact eventually hit her credit rating but maybe, like my friend, she is at a point in her life where that isn't all that important to her.

Best of luck...

Rick, Nancy, Peanut & Lola our Westie Dogs & Bailey the Sheltie.

2007 Itasca Ellipse 40FD
RickO is offline   Reply With Quote
Old 08-10-2011, 08:31 AM   #4
Senior Member
Rodneykrantz's Avatar
Join Date: Apr 2010
Location: West Columbia SC
Posts: 808
Thanks for the info it gets alot worse I will post what we find out
Rodneykrantz is offline   Reply With Quote
Old 08-10-2011, 07:03 PM   #5
Senior Member
Gary - K7GLD's Avatar
Join Date: Aug 2009
Posts: 1,696
I would guess these harassments will only get worse as our economy spirals downward out of control, and these companies get desperate for $$$. We had 2 California Ownership/membership setups prior to moving here in eastern Oregon - one accepted our abandonment of membership with no problems, and we managed to find a buyer for the ownership in R-Ranch - otherwise, they too were threatening - and known to - get aggressive in recovery process.

We were greatly relieved someone else wanted the RR one - and DID pay all the transfer fees just to get out from under their flak barrage - at time of purchase, they had stated they would actively assist owners in disposing/selling unwanted shares, but since they had never been able to sell all their own remaining shares, they weren't about to help existing owners sell theirs, usually at a lower price than they wanted for their own...
John Day....|'88 Winnebago Super Chief 27ft. Class A
Eastern .....|'88 KIT model 240 24 ft. 5er
Oregon ......|'02 Dodge/Cummins 2500 Quad Cab
Gary - K7GLD is offline   Reply With Quote
Old 08-11-2011, 03:36 PM   #6
Senior Member
Rodneykrantz's Avatar
Join Date: Apr 2010
Location: West Columbia SC
Posts: 808
They have been taking money out of her account for advertising and closing cost about $45000.00 that is right forty five thousand they call her everyday and she thinks they are trying to help her I might have to make a trip to Florida and meet these people I turned them in to the
Attorney General in Florida they said they have alot of complants and they are trying to shut them down but they keep poping up under another name this is a lady who has never hurt anyone worked all her life for these
scumbags to take her life savings.The timeshare people says the maintenance fees are due and they will come after her assets until the bill is paid they also told her that we (Her kids ) will have to pay it when something happens to her We don't want it and she has no money left
Rodneykrantz is offline   Reply With Quote
Old 08-11-2011, 05:12 PM   #7
Senior Member
Join Date: Aug 2000
Location: Walnut Creek Ca USA
Posts: 647
The newest timeshares are sold "in perpetuity" meaning your heirs will pay after you die unless you unload it somehow. The bottom line is look at ebay under timeshares. They are selling there for pennies because no one wants a liability for your life and your kids life.
-Paul R. Haller-
Paul R. Haller is offline   Reply With Quote
Old 08-11-2011, 05:26 PM   #8
Senior Member
AFChap's Avatar
Winnebago Owners Club
Spartan Chassis
Join Date: Aug 2002
Location: ...hopefully on the road!
Posts: 4,771
They have been taking money out of her account for ...
Close that account, have her set up a new account, and NEVER give ANYONE access to automatically pull money.

We had one in Florida that we were finally able to simply sign over to the corporation via a quit claim process. We got nothing but freedom from future maintenance fees. The corporation then finds a new buyer and pockets all as profit.
Paul (KE5LXU) ...was fulltimin', now parttimin'
'03 Winnebago UA 40e / '05 Honda Odyssey toad
AFChap is offline   Reply With Quote
Old 08-14-2011, 07:44 PM   #9
Senior Member
Join Date: Nov 2008
Posts: 1,358
Just another reason to ---never buy a time share; their yearly maintance fees go on forever.
And their fees can go up yearly.
melvonnar is offline   Reply With Quote
Old 08-14-2011, 07:50 PM   #10
Senior Member
2912N's Avatar
Join Date: Aug 2011
Posts: 120
You need to talk to a qualified attorney about this.

2912N is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
First Post - Considering working Full time on the road airbrushguy Workkamping & Volunteering 8 06-01-2011 06:43 AM
Long time listener first time caller.. tbaker New Member Check-In 15 04-03-2011 01:01 PM
It's New RV Accessory Time! Warpath Vendor Spotlight (Deals, Announcements & More) 2 01-23-2011 09:50 AM
Just a matter of time darbyjudy Workhorse and Chevrolet Chassis Motorhome Forum 8 05-07-2009 04:31 PM
Can I "get around to it", and where do I find extra "time"? harborcityscrambler New Member Check-In 5 02-03-2006 01:15 AM

» Featured Campgrounds

Reviews provided by

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 11:49 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.