Desperate Help/Advice Needed

[siouxzie Junior Member Find all posts View Profile Close siouxzie]

I hope someone would be able to help or point me in the right direction.
I am in the UK, whilst holidaying in Orlando one year, I brought 10,500 sunterra points in Florida in 2003 (Platinum season, floating, week No 24, 3 Bedroom Lock-off) at Grand Beach Resort, Orlando. (It is registered as week 24, but can be taken any time).
Since this time I was going to the resort once a year, however I have now become a full time carer for my father, therefore I will not be going away in the forseeable future. I have been using my points to pay my fees, however, there is always a shortfall. Fees due Jan 1 2008 are Club Fees $155.00 and maintenance fees $973.60 roughly translated total about £ 564.30. After using my points I am left to pay approx $600.00/£300.00 which being on carers allowance is impossible. I obviously am gonna pay the fees this year, so the account will be up to date but I do not want to be in the same situation next year as I just cannot afford to keep it
How therefore, can I get out of this??? Can I sell my timeshare as I would rather just get out of the whole thing now. Obviously I would rather sell it than just give it away, as its cost me alot of money overall. I understand that because I bought it in USA and I am from the UK this makes things more complicated???
Can anyone please help or advice
Kind Regards
Sioux

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Best bet is to sell it, but you can expect to get very little for it in comparison to what was paid. I'm not familiar with the resale values for Grand Beach points, but expect them to be worth $ 5,000 or less. There should be no major problem with the foreign ownership (one or 2 of my resale purchases were from UK owners) in a resale. The biggest problem you will find is the resale sharks who want an upfront fee and will promise the moon. Anyone charging a fee upfront (other than nominal or an in-resort resale listing) can assumed to be a scam artist who will never sell your timeshare for you. Best bet is to sell it yourself and if a closing service and escrow is required, go through Timeshare Transfer.

[Spence Super Moderator Find all posts View Profile Close Spence]

I hope someone would be able to help or point me in the right direction.
I am in the UK, whilst holidaying in Orlando one year, I brought 10,500 sunterra points in Florida in 2003 (Platinum season, floating, week No 24, 3 Bedroom Lock-off) at Grand Beach Resort, Orlando. (It is registered as week 24, but can be taken any time).
Since this time I was going to the resort once a year, however I have now become a full time carer for my father, therefore I will not be going away in the forseeable future. I have been using my points to pay my fees, however, there is always a shortfall. Fees due Jan 1 2008 are Club Fees $155.00 and maintenance fees $973.60 roughly translated total about £ 564.30. After using my points I am left to pay approx $600.00/£300.00 which being on carers allowance is impossible. I obviously am gonna pay the fees this year, so the account will be up to date but I do not want to be in the same situation next year as I just cannot afford to keep it
How therefore, can I get out of this??? Can I sell my timeshare as I would rather just get out of the whole thing now. Obviously I would rather sell it than just give it away, as its cost me alot of money overall. I understand that because I bought it in USA and I am from the UK this makes things more complicated???
Can anyone please help or advice
Kind Regards
Sioux

To learn more about your Diamond/Sunterra ownership read the Diamond/Sunterra forum.

Unfortunately, when you sell, you can only sell your ownership in Grand Beach and not your Club membership, that does not transfer. The new owner can only use the points at Grand Beach and not throughout the Diamond/Sunterra system. The new owner must pay Diamond/Sunterra more money to get back into the Club. That can make your ownership worth even less than the majority of Diamond/Sunterra points sales which go for 20¢ to 30¢ per point, meaning your ownership is worth $2000 - $3000 US$ on the resale market. Do up a really good eBay listing and you might get more, but I doubt it.

[billymach4 Super Moderator Find all posts View Profile Close billymach4]

Spence,

How much would it cost someone to get into the Sunterra system once the points were purchased?

Bill

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Sioux

I have moved your post to the Diamond/Sunterra forum here: http://www.timeshareforums.com/forum...ce-needed.html

and now locking the thread here.

Best of luck.