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Old 02-21-2007, 12:33 PM
filip_fificanas@yahoo.es
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Default Re: What to do with time shares?

weell. i have been working in this for some time,there is some fings
that u can do.
1. have a look at your document and see if is the stamp of the notarie
on it,
that proof that is well register.if not,than u own nafing.if yes than
they are some possibility to get read of it...

 
Old 02-09-2007, 02:52 AM
John A. Weeks III
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Default Re: What to do with time shares?

In article <ftnms2hmrepiuutjag1631o3nkc3q5p0tq[at]4ax.com> ,
"HW \"Skip\" Weldon" <skip5700removethis[at]hotmail.com> wrote:

- quote -

> Does anyone have any good ideas on how to help time share owners end
> their on-going costs?
> I continue to run across time share owners who would like to sell and
> get out from under the monthly regime fees. It used to be that time
> share owners could sell - usually at a loss. Sometimes now, not only
> is there no market, they can't even give it away. And even if there
> is no mortgage, they still have to pay the regime fees and
> assessments.


1) Don't buy in the first place. That is about the only good
advice that I can offer.

2) Let it go back to the finance company and take the hit.
At least it stops the bleeding, but destroys your credit rating.
But the less to be learned here is that one shouldn't buy a
luxury on time, so who needs a credit rating anyway?

3) Try to donate it. Sometimes that works. Problem is that
charities are getting smart and are finding that they cannot
even give them away sometimes.

4) List it on E-bay. But be realistic. A timeshare is really
only worth a $1000 or so per deed week, so asking $18,500 for
one is not going to result in a sale.

5) Try to sell to someone who already owns at the timeshare
community. Someone who goes there year after year might just
want to add a week. You likely will not get more than a $1 for
the week, but at least you get out from the $500 to $850 a year
fee.

6) Try to work with the sales manager of the place that is
selling the units. Tell him/her that he/she can either sell
the next unit from the new inventory, or sell yours and get
twice or 3 times the commission. You then write the big
commission check when they sell the unit to the next pigeon.

7) Wallpaper the development and surrounding area. Let all
the pigeons going for sales talks know that you have a unit
for sale for far less than what the high pressure sales guy
wants. This is the hardest to do since it requires your time
on site, and it will make you an unwelcome guest at the resort.

Like Skip said, there just are not any good options.

BTW, don't fall for the old pre-paid real estate sales scam.
There are several real estate companies, including one large
ERA franchise, that charges hefty fees to list your unit and
print the listing in a book. This almost always costs lots of
money, and almost never results in any leads.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

  #-1  
Old 02-08-2007, 05:01 PM
HW \Skip\ Weldon
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Default What to do with time shares?

Does anyone have any good ideas on how to help time share owners end
their on-going costs?

I continue to run across time share owners who would like to sell and
get out from under the monthly regime fees. It used to be that time
share owners could sell - usually at a loss. Sometimes now, not only
is there no market, they can't even give it away. And even if there
is no mortgage, they still have to pay the regime fees and
assessments.

Any suggestions?


-HW "Skip" Weldon
Columbia, SC

 

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