Tahiti Village - We want out!

[Russ]

Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

[bobinNY]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Well I would load the 401k if ya got one, they don't touch that in
bankrupcy, there was a fianncial first aid kit at costco with 4 discs
covers bankrupcy and other crap, this is if you can not afford a lawyer. If
you seek free cosultation you might be pointed in the direction of
specialist. also try handelonthelaw he may have some legal advertisments
for your area.

[Skipfromla]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

There are plenty of time share re-sellers on the Internet. if you
list it, the best that can happen is it gets sold and the worse that
can happen is it doesn't sell but you'll be no worse off than before.

Skip

[LVTravel]

Post by Skipfromla

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

There are plenty of time share re-sellers on the Internet. if you
list it, the best that can happen is it gets sold and the worse that
can happen is it doesn't sell but you'll be no worse off than before.
Skip

Just don't go to the ones that want money up front for listing it as most
do.

[Nonny]

What has happened to honor and integrity?

[tom ronson]

Post by Nonny
What has happened to honor and integrity?

yep. those sales guys can be pretty pushy indeed.

[Big Mikey]

Nancy Pelosi, Harry Reid and Barack Obama.

M

Post by Nonny
What has happened to honor and integrity?
--
Nonny
You cannot make a stupid kid smart by handing him a diploma. Schools need
standards
to measure the amount of education actually absorbed by children. Don't
sacrifice the smart kids to make the dumb ones feel good about themselves.

[JRogow]

Post by Nonny
What has happened to honor and integrity?

It went bankrupt, along with pride in a job well done.

[Double Down Now!]

Post by Nonny
What has happened to honor and integrity?

Watergate

[Marsha L]

Post by Nonny
What has happened to honor and integrity?
--
Nonny

They're on disability

[jj]

Post by Nonny
What has happened to honor and integrity?

Well not that I believe everything I see on TV but in an episode of
Horatio Hornblower (not the porno version) he is a Spanish POW.

There is a storm and a Spanish shipwreck near the prison and he gets
permission from the warden/commandant to attempt a rescue but he has
to give his word to not escape.

Well he rescues the surviors, but the rescue boat is blown out to sea
and soon he is picked up by his own ship. (I presume the Spanish
became English POWs) He tells his captain that he gave his word to
return to prison and every one of his men from prison agree without
hesitation to return.

There is a scene where one of the Spanish jailers has a look on his
face like "jeez, do you believe these idiota Englishmen came back?!"

Of course what goes around comes around and the Spanish Admirality
soon issues his release, formally for bravery in the rescue but
informally for keeping his word as a true officer and gentleman.

You know, Jack Bauer on "24" gives his word all the time too. :-)

[JK Coney]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Sorry but can I ask you why you bought that particular TS in the first
place? Did you look at others, and did you like the TS idea in general?

[Russ]

Post by JK Coney

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Sorry but can I ask you why you bought that particular TS in the first
place? Did you look at others, and did you like the TS idea in general?

We were just sold on it with the usual con job, that makes it look
good. If the annual maintenance charges were reasonable and were not
going up I would probabvly keep it and struggle with the payments. It
is a nice place, but hardly worth the maintenance charge for the time
alloted for use.

[Mr. V]

Check with a lawyer who is familiar with Nevada real estate law.

You will probably learn something to the effect that the lender must
elect one of two methods of foreclosing on the financing instrument
(deed of trust, almost certainly: who uses mortgages anymore?):
judicial or nonjudicial.

Most times they opt for the faster, cheaper nonjudicial method which
does not give them the right to sue you for / seek a deficiency
judgment on the unpaid balance; there is no court filing, just some
notices and a sale on the courthouse steps.

The judicial method does allow them to sue for the balance owed, but
that is rarely done, at least up here.

You might have dodged a bullet, deadbeat.

[Spencerdogg]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there?  We are considering it.  We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit.  A foreclosure is not a problem for us.  My
only concern is them coming after my paycheck and/or involving my
employer.  We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then.  It will create a hardship if we try to keep it up.  The
damn maintenance charge went up $80 in one year.  It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Sounds like legal help is needed.

[Observant Lurker]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Contact tom ronson at ***@aol.com and he will give you advice on
how to have an "accidential fire" some weekend without anyone getting
hurt. Get the insurance money, if any, and take off.
As the foul mouthed alabama lawyer would say..."you can thank me later".
JP

_____________________________________________________________________ 
RecGroups : the community-oriented newsreader : www.recgroups.com

[Big Mikey]

One quick correction, JP.

MORONson can tell you how, but I am the one with the balls to do it.

Fire up them bones!

Elmer is still too busy trying to put on that Alabama Underwire Bra I showed
him.

M

Post by Observant Lurker
how to have an "accidential fire" some weekend without anyone getting
hurt. Get the insurance money, if any, and take off.
As the foul mouthed alabama lawyer would say..."you can thank me later".
JP
_____________________________________________________________________
RecGroups : the community-oriented newsreader : www.recgroups.com

[dnrapp]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? �We are considering it. �We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. �A foreclosure is not a problem for us. �My
only concern is them coming after my paycheck and/or involving my
employer. �We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. �It will create a hardship if we try to keep it up. �The
damn maintenance charge went up $80 in one year. �It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

[Russ]

Post by dnrapp

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? ?We are considering it. ?We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. ?A foreclosure is not a problem for us. ?My
only concern is them coming after my paycheck and/or involving my
employer. ?We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. ?It will create a hardship if we try to keep it up. ?The
damn maintenance charge went up $80 in one year. ?It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

BTW, those companies that want to sell your timeshare are almost as
crooked as the timeshare salesmen are in the first place. The will
only "try" to sell your timeshare after you pay them up front to list
it. We have become a little wiser since being conned into buying in
the first place.

[bobinNY]

Like I said, focus on your 401K now, they can not touch that in banrupcy,
so you can have a nest egg. I prefer hands on, log on to your 401k and move
money around as needed, international funds paying 40-50% ytd, if the stock
market crashes move your money into a safe money market fund until the
turbulence clears.

go tits up and include the ts.

[EVIL ELVIS]

Like I said, focus on your 401K now,  they can not touch that in banrupcy,
so you can have a nest egg.  I prefer hands on, log on to your 401k and move
money around as needed, international funds paying 40-50% ytd,  if the stock
market crashes move your money into a safe money market fund until the
turbulence clears.

Bob, any international funds out there in particular that you would
recommend? If you're uncomfortable posting here, you can e-mail me
privately if you'd like.

Thanks.


--EE--

[freddy]

Like I said, focus on your 401K now,  they can not touch that in banrupcy,
so you can have a nest egg.  I prefer hands on, log on to your 401k and move
money around as needed, international funds paying 40-50% ytd,  if the stock
market crashes move your money into a safe money market fund until the
turbulence clears.
go tits up and include the ts.

40-50%. Get real. wanna buy my surefire roulette system?

[Russ]

Post by bobinNY
Like I said, focus on your 401K now, they can not touch that in banrupcy,
so you can have a nest egg. I prefer hands on, log on to your 401k and move
money around as needed, international funds paying 40-50% ytd, if the stock
market crashes move your money into a safe money market fund until the
turbulence clears.
go tits up and include the ts.

Been there - Done that! That is why we don't care if a foreclosure
hits our credit rating. We are at a point in our life where we don't
want to have anything to do with credit, and if we don't have the cash
for something, we don't really need it.

Even if we let the TS go to foreclosure we would not have enough to be
totally debt free by the time we are of retirement age in about 5-6
years. We are also beginning to see problems in our physical health
that may demand our retirement as soon as eligible. How ever it is
not bad enough that we would consider bankruptcy. BTW, for anyone
considering such a move, do not believe anyone who tells you your
record is swept clean after 10 years or whatever. Many times when you
apply for loans or credit cards, etc, you are asked if you have EVER
declared Bankruptcy. Obtaining said credit by lying about that could
end you in trouble.

[Double Down Now!]

Like I said, focus on your 401K now,  they can not touch that in banrupcy,
so you can have a nest egg.  I prefer hands on, log on to your 401k and move
money around as needed, international funds paying 40-50% ytd,  if the stock
market crashes move your money into a safe money market fund until the
turbulence clears.
go tits up and include the ts.

The marekt won't crash with the Fed keepin' rates at 0% and besides
Nov, Dec and Jan are the best months for the market. Just make sure to
take your money out sometime next Summer/Fall when the Fed starts
raisin' rates because the economy is growin' too fast :-)

[Russ]

Post by dnrapp

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? ?We are considering it. ?We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. ?A foreclosure is not a problem for us. ?My
only concern is them coming after my paycheck and/or involving my
employer. ?We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. ?It will create a hardship if we try to keep it up. ?The
damn maintenance charge went up $80 in one year. ?It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

We are too upside down to sell it. Bankruptcy is out of the question.
We just want to walk away and let them have it. They will still be
way far ahead considering what we have already paid out, compared to
the number of times we have stayed there. At this point in our life
we are tying to eliminate debt. If I could sell it I would.

[freddy]

Post by dnrapp

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? ?We are considering it. ?We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. ?A foreclosure is not a problem for us. ?My
only concern is them coming after my paycheck and/or involving my
employer. ?We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. ?It will create a hardship if we try to keep it up. ?The
damn maintenance charge went up $80 in one year. ?It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

We are too upside down to sell it.  Bankruptcy is out of the question.
We just want to walk away and let them have it.  They will still be
way far ahead considering what we have already paid out, compared to
the number of times we have stayed there.  At this point in our life
we are tying to eliminate debt.  If I could sell it I would.- Hide quoted text -
- Show quoted text -

Best bet may be to sell it at a loss. There are legitimate outfits
that will sell it, albeit with an obscene commision. If you take a
chance and let them foreclose you might get a judgement for double
what you owe with lawyer's and collection costs tacked on and if you
have assets they may well hire a lawyer in your state. I wouldn't
risk it if you have assets or income. They came after my idiot cousin
for $1000 marker from the Showboat AC.
I shudder to ask how huch Tahiti Village gets for a maintanance fee?
A lot less than a week at a nice downtown place I would guess.

Bes

[Russ]

On Sun, 8 Nov 2009 16:15:58 -0800 (PST), freddy

Post by freddy

Post by dnrapp

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? ?We are considering it. ?We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. ?A foreclosure is not a problem for us. ?My
only concern is them coming after my paycheck and/or involving my
employer. ?We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. ?It will create a hardship if we try to keep it up. ?The
damn maintenance charge went up $80 in one year. ?It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

We are too upside down to sell it.  Bankruptcy is out of the question.
We just want to walk away and let them have it.  They will still be
way far ahead considering what we have already paid out, compared to
the number of times we have stayed there.  At this point in our life
we are tying to eliminate debt.  If I could sell it I would.- Hide quoted text -
- Show quoted text -

Best bet may be to sell it at a loss. There are legitimate outfits
that will sell it, albeit with an obscene commision. If you take a
chance and let them foreclose you might get a judgement for double
what you owe with lawyer's and collection costs tacked on and if you
have assets they may well hire a lawyer in your state. I wouldn't
risk it if you have assets or income. They came after my idiot cousin
for $1000 marker from the Showboat AC.
I shudder to ask how huch Tahiti Village gets for a maintanance fee?
A lot less than a week at a nice downtown place I would guess.
Bes

Selling it at a loss would be an option if I could be sure that it
would sell. With the company that sells them going bankrupt, who
would buy into it, even at a discount?
The 2009 fee was over $700 for the Royal Tahitian, which can be split
into two weeks - one in a one bedroom unit and one in an efficiency
style unit.

[freddy]

Post by Russ
On Sun, 8 Nov 2009 16:15:58 -0800 (PST), freddy

Post by dnrapp

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? ?We are considering it. ?We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. ?A foreclosure is not a problem for us. ?My
only concern is them coming after my paycheck and/or involving my
employer. ?We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. ?It will create a hardship if we try to keep it up. ?The
damn maintenance charge went up $80 in one year. ?It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Have you looked into selling it? I see an add all the time on TV about
a company that buys timeshares.

We are too upside down to sell it.  Bankruptcy is out of the question.
We just want to walk away and let them have it.  They will still be
way far ahead considering what we have already paid out, compared to
the number of times we have stayed there.  At this point in our life
we are tying to eliminate debt.  If I could sell it I would.- Hide quoted text -
- Show quoted text -

Best bet may be to sell it at a loss.  There are legitimate outfits
that will sell it, albeit with an obscene commision.  If you take a
chance and let them foreclose you might get a judgement for double
what you owe with lawyer's and collection costs tacked on and if you
have assets they may well hire a lawyer in your state.  I wouldn't
risk it if you have assets or income.  They came after my idiot cousin
for $1000 marker from the Showboat AC.
I shudder to ask how huchTahitiVillage gets for a maintanance fee?
A lot less than a week at a nice downtown place I would guess.
Bes

Selling it at a loss would be an option if I could be sure that it
would sell.  With the company that sells them going bankrupt, who
would buy into it, even at a discount?
The 2009 fee was over $700 for the Royal Tahitian, which can be split
into two weeks - one in a one bedroom unit and one in an efficiency
style unit.- Hide quoted text -
- Show quoted text -

Yeah, sadly you are fucked since no one is going to give you a dime
due to a week at a hotel being much cheaper than just the maintenance
fee.
If they won't take a deed in lieu of foreclosure I would just stop
paying and let them take it.

[Gary]

Post by Russ
We are too upside down to sell it. Bankruptcy is out of the question.
We just want to walk away and let them have it. They will still be
way far ahead considering what we have already paid out, compared to
the number of times we have stayed there. At this point in our life
we are tying to eliminate debt. If I could sell it I would.

Russ,

You could try to offer the lender a DiloF, or deed in lieu of
Foreclosure, but with Tahiti Village being in BK itself, it won't do you
much good. I think you're just going to have to let it go into
foreclosure and take whatever hit you take on your credit score. I don't
think the BK court will try and go after you and the other owners in the
same situation for what you still owe, but you really do need to talk to
an accredited bankruptcy and foreclosure Attorney for advice. You have
some exposure and you don't want to screw around with it. We're all just
offering opinions, and you know what those are worth.

Gary
--

"Christianity: The belief that a cosmic Jewish Zombie who was his own
father can make you live forever if you telepathically tell him you
accept him as your master, so he can remove an evil force from your soul
that is present in humanity because a rib-woman was convinced by a
talking snake to eat from a magical tree..... yeah, makes perfect sense."

[QX]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Try to sell it. There are many timeshare resale places out there. Even
try ebay. I have seen Lake Tahoe Timeshares going for as little as
$1.00 !!!

[Russ]

Post by QX

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Try to sell it. There are many timeshare resale places out there. Even
try ebay. I have seen Lake Tahoe Timeshares going for as little as
$1.00 !!!

If you "owned" one of those Lake Tahoe timeshares and still owed
$28,000 on it would you consider selling it for $1.00? You would
still owe the $28,000! Even if I could get $14,000 for it(probably
what it is worth right now), I couldn't sell it, because I would not
have title to the property.

[tom ronson]

Post by Russ
If you "owned" one of those Lake Tahoe timeshares and still owed
$28,000 on it would you consider selling it for $1.00? You would
still owe the $28,000! Even if I could get $14,000 for it(probably
what it is worth right now), I couldn't sell it, because I would not
have title to the property.

I'm sort of surprised Nonny hasn't mentioned this but Nevada has a
program where if there was any collusion or other questionable acts on
the part of the seller or financing agent that you can get the loan
modified, at the very least. I know that probably would never happen
with a timeshare outfit, but it might be worth checking out.

Search around on the RJ or Sun to see if the program might apply to you.

[Thumper]

On Mon, 09 Nov 2009 09:56:19 -0800, tom ronson

Post by tom ronson

Post by Russ
If you "owned" one of those Lake Tahoe timeshares and still owed
$28,000 on it would you consider selling it for $1.00? You would
still owe the $28,000! Even if I could get $14,000 for it(probably
what it is worth right now), I couldn't sell it, because I would not
have title to the property.

I'm sort of surprised Nonny hasn't mentioned this but Nevada has a
program where if there was any collusion or other questionable acts on
the part of the seller or financing agent that you can get the loan
modified, at the very least. I know that probably would never happen
with a timeshare outfit, but it might be worth checking out.
Search around on the RJ or Sun to see if the program might apply to you.

See a lawyer. You could still be responsible for the difference
between what you sell it for and the amount you owe.
Thumper

[freddy]

Post by Russ

Post by QX

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there?  We are considering it.  We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit.  A foreclosure is not a problem for us.  My
only concern is them coming after my paycheck and/or involving my
employer.  We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then.  It will create a hardship if we try to keep it up.  The
damn maintenance charge went up $80 in one year.  It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Try to sell it. There are many timeshare resale places out there. Even
try ebay. I have seen Lake Tahoe Timeshares going for as little as
$1.00 !!!

If you "owned" one of those Lake Tahoe timeshares and still owed
$28,000 on it would you consider selling it for $1.00?  You would
still owe the $28,000!  Even if I could get $14,000 for it(probably
what it is worth right now), I couldn't sell it, because I would not
have title to the property.- Hide quoted text -
- Show quoted text -

Here's an outfit that claims to be able to quickly help you with "no
upfront fees". I'm sure we'd all like to know how you make out in this
difficult situation.
https://www.givebacktimeshare.com/Home/tabid/577/Default.aspx

[QX]

Post by Russ

Post by QX

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

Try to sell it. There are many timeshare resale places out there. Even
try ebay. I have seen Lake Tahoe Timeshares going for as little as
$1.00 !!!

If you "owned" one of those Lake Tahoe timeshares and still owed
$28,000 on it would you consider selling it for $1.00? You would
still owe the $28,000! Even if I could get $14,000 for it(probably
what it is worth right now), I couldn't sell it, because I would not
have title to the property.

I should have made that clearer. The place I referred to was built 25
years ago, and sold for about $10K. They have been paid off for a
while, but the annual maintenance fee is up to $850, plus $40 to
Eldorado County, CA for taxes.
The board of directors, last year, wanted to do a complete major
remodel and was asking for a one time special assessment of about $6K.
BTW, that would have also called for closing the resort for a year to
do the work thus denying owners their use of the facility during their
"week(s)". That proposal was turned down by the owners, but it's only
a matter of time before it comes up again. The board settled for a
refurbish consisting of new carpet, TV's, and all furniture.
A lot of these timeshares are still owned by the original purchasers,
who are getting older, don't use them, and can't afford the
assessments.

[a***@gmail.com]

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

In NY if all you get is retirement pension & social security they can not take a dime.

[Korea UP, Reds DOWN]

Post by a***@gmail.com

Post by Russ
Does anybody have any experience in just letting them foreclose on
your timeshare there? We are considering it. We are not concerned
about our credit score any more since we had had problems in the past
that damaged our credit. A foreclosure is not a problem for us. My
only concern is them coming after my paycheck and/or involving my
employer. We do not live in Nevada, obviously, so that may be in our
favor.
We are getting close to retirement and will not be able to pay it off
before then. It will create a hardship if we try to keep it up. The
damn maintenance charge went up $80 in one year. It was already too
high, and now that they are going bankrupt, it will probably get
worse.

In NY if all you get is retirement pension & social security they can not take a dime.

Thats how OJ manages to avoid paying the civil judgement to Nicole's parents. They can't touch his NFL pension.