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Timeshare Nightmares: 3 Cautionary Tales

timeshare nightmares

August 1, 2018 – by Primo Management Group

timeshare nightmares

Many timeshare owners are happy with their purchase. However, for the owners who regret their purchase, there are some timeshare nightmares.

In our business, we hear stories of timeshare nightmares every day.

Timeshare Presentation Nightmare

The high-pressure world of timeshare presentations is well-known and well-documented. However, timeshare reps know this, too. And so they offer bigger and better incentives to lure prospective owners into their presentations. Once they’ve got you, beware! Consumers have shared many timeshare nightmares about these presentations.

Pete and Susie High of Auburn, CA attended a timeshare presentation in Puerto Vallarta. Lured in by the promise of a $450.00 award, the couple agreed to sit through a 90-minute presentation by Puerto Bahia Villas and Spa. Unfortunately for the couple, the presentation lasted way beyond the promised 90 minutes. The High’s finally escaped after eight hours as timeshare owners.

They stood strong through the first six hours of the “presentation,” maybe because the sales reps served the couple wine and beer. Although they didn’t want alcohol, the couple was thirsty from the 6-hour ordeal, so they drank their drinks. Shortly thereafter, they signed for their timeshare.

To add insult to injury, even after the couple canceled their timeshare within the rescission period, the resort continued to attempt to collect from them.

Timeshare Assessment Nightmare

In addition to annual timeshare maintenance fees, timeshare owners may find themselves on the hook for special assessment fees. Timeshare reps definitely don’t spend too much time on special assessments during their presentations. And that’s dangerous business for buyers.

Special assessments are fees above and beyond the usual maintenance fees to cover unique circumstances, damages, or upgrades. Unpredictable expenses are part and parcel of any real estate ownership. And like other types of fees associated with real estate, these fees are unpredictable and can get very expensive.

Owners at the Point at Poipu in Hawaii experienced a particularly extreme special assessment in response to a water intrusion. The special assessment was almost $3800. Naturally, the owners had difficulty paying this assessment and they banded together to launch a class action suit against the Diamond Resorts and eventually got relief. However, this episode clearly shows the dangers of timeshare ownership.

Timeshare Collections Nightmare

Bryant K. Creighton and Beth Ann Creighton of Wheeling found themselves in a tough spot with their Ocean Beach Club timeshare in West Virginia. After a successful timeshare exit, the timeshare company continued to report debt and seek collection of the false debt.

The couple now seeks damages for breach of contract, breach of duty, and breach of warranty. In addition to pain and anguish, they experienced a loss of credit because of their experience. Credit problems are one of the main timeshare nightmares facing owners.

This story shows how unscrupulous these companies can be. That’s why it’s so important to be careful in all dealings with timeshare companies from start to finish. If you need help with a timeshare exit, we can help. That’s what we do… specialize in helping people exit their timeshares safely, ethically, and forever. Contact us for a free consultation today.

(Image Source: Pixabay)

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.