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Feb 26, 2024
3:42
:56
pm
RalphWiggam
You wish I was your lover
Newport coast villas. It’s a nice property. But I always check when we go and I could easily just pay for a week as a
hotel and it would be cheaper than what they pay in their annual fees. Not to mention whatever they paid upfront.
I’d wager they are easily $200k into this over about 15 years.
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RalphWiggam
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RalphWiggam
Joined
Feb 3, 2005
Last login
Dec 22, 2024
Total posts
35,524 (2,307 FO)
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Messages
Author
Time
Anybody get out of a timeshare? Sold or gave away? My dad is begging me to help
Chasicle
Feb 26, 3:11pm
Redweek is a good way to sell them.
macdizzle
Feb 26, 3:12pm
works great. This is how I've bought two HGV contracts from owners.
Mayor of Cougartown
Feb 26, 3:54pm
This has become a huge point of contention between my wife and her dad.
RalphWiggam
Feb 26, 3:20pm
Timeshares are a nightmare for heirs. I always warn my estate planning clients
VenturaCoug
Feb 26, 3:24pm
Where do they own?
Travelhacker
Feb 26, 3:38pm
Newport coast villas. It’s a nice property. But I always check when we go and I could easily just pay for a week as a
RalphWiggam
Feb 26, 3:42pm
It can't be anywhere near $200K over 15 years unless they own multiple developer
Jesse Pinkman
Feb 26, 3:54pm
You very well could be right. I don’t know. I know they bought 3 weeks and I assumed the annual fees were $2000 a year.
RalphWiggam
Feb 26, 4:00pm
If they bought 3 weeks and "upgraded" to the points system, then the $200K could
Jesse Pinkman
Feb 26, 4:13pm
RE: Newport coast villas. It’s a nice property. But I always check when we go
Travelhacker
Feb 26, 3:59pm
Why not do a 3 way call with your wife on the line? FIL identifies himself as owner, he introduces the daughter and she
CLCougar
Feb 26, 4:20pm
Marriott has great owner training classes your wife could attend with dad
NYC and Japan
Feb 26, 5:15pm
Try this site as well
OmahaOmaha
Feb 26, 3:22pm
I've picked up two from people who basically gave them away. Unless it's a really cool resort, no one buys them on
BIG XII Coug
Feb 26, 3:23pm
This is what I usually recommend for clients.
VenturaCoug
Feb 26, 3:25pm
Just stop paying the maintenance fees.
Idacoug
Feb 26, 3:25pm
I’m not sure this is good advice.
El Fuego
Feb 26, 3:28pm
Definitely not good advice lol.
Mayor of Cougartown
Feb 26, 3:56pm
Worked for me.
Idacoug
Feb 26, 4:46pm
That's bad advice. It will certainly be reported to credit bureaus.
Jesse Pinkman
Feb 26, 3:55pm
It’s not. Because I did it.
Idacoug
Feb 26, 4:45pm
Watch out for scammers. One of the Mexican cartels has a ton of resources
VenturaCoug
Feb 26, 3:30pm
RE: Anybody get out of a timeshare? Sold or gave away? My dad is begging me to
Travelhacker
Feb 26, 3:33pm
This was a major part of my legal practice when I lived in Orlando.
Surfrider
Feb 26, 3:34pm
Yes, I went with The Newton Group. Basically you pay them to sell it for you and then you pay the seller.
Qhall
Feb 26, 3:39pm
I’ve owned a WorldMark membership for 16 years and still love it. Right now my family has 3 rooms at Disneyland for
Cougar-Duck
Feb 26, 3:41pm
The key is location and season. If you own high season at Marriotts/Westins
Jesse Pinkman
Feb 26, 4:07pm
Thanks, all! I'll try to get some info from my dad.
Chasicle
Feb 26, 5:04pm
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