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JLB · 07-11-2014, 09:41 AM

I said:

Logically, then, you would expect the ones who should be most concerned, and most involved in seeking a solution, would be those who desire to see their resorts continue.

Someone else said:

They have levied special assessments on owners and I have been told many owners are not paying their maintenance fees. Owners that do pay their maintenance fees are being forced to pay for those who don't pay through higher maintenance fees.

http://www.timeshareforums.com/forum...ort-Bankruptcy

JLB · 07-12-2014, 10:45 AM

Maybe something brewing in South Africa:

"The fact that many holiday timeshare contracts cannot be cancelled and exist in perpetuity has been a bone of contention. Consumers are obliged to continue paying subscriptions, even when they cannot afford them and cannot derive any benefit from them because the schemes are oversubscribed."

http://www.totaladvocate.org/timeshare-news.html
- - - - - -

In the US, the bulk of what you find on a search engine is not about right of rescission, like before the resale values went down the tube. Now the clutter on the Internet is about lack of exit strategy in the industry. That has even become more prominent than the resale scam issue.

However, there do not appear to be any well-defined, clear-cut exit strategy programs. With PCC and the multitude of other programs promising an end to timeshare burden, this issue seems to be taking the same course as the resales issue.

It seems logical that as this problem gets worse, the major timeshare states will act to protect the consumer the same as they acted to protect the consumer regarding the initial sale and resales. The exit strategy companies will not likely police themselves and the industry will not likely address the problem before it reaches the level when the alarms start going off.

IMHO, the best answer for the industry is to resolve the problem themselves. I believe there to be an exit strategy which would be fair to entrapped timeshare owners and the resorts, involving the payment of a fee to the resorts to release those owners who want out, and to give the resorts the time and financial resources to deal with the issue.

If the collapse of resale value and downturn of interest in timesharing is temporary, a plan of that nature will allow the industry to bridge that gap. If the collapse is permanent, it would be more prudent to get on with it as soon as possible, and start doing what will eventually have to be done.

JLB · 07-12-2014, 12:15 PM

Originally posted by JLB View Post

IMHO, the best answer for the industry is to resolve the problem themselves. I believe there to be an exit strategy which would be fair to entrapped timeshare owners and the resorts, involving the payment of a fee to the resorts to release those owners who want out, and to give the resorts the time and financial resources to deal with the issue.

http://www.tugbbs.com/forums/showthread.php?t=190845

JLB · 07-15-2014, 12:40 PM

I get replies to my Free Timeshare ads, but I'm torn. It's easy to spot those who are naïve about timesharing, and who think "free" means everything is free . . . the purchase price, year-round amenity use, etc., just like we were naive about them 25 years ago.

I have a conscience, I want to be above the standards of the industry, but I also want to get rid of our weeks.

JLB · 07-16-2014, 08:31 PM

A good reason for resorts to be involved and assist their owners who want out . . .who want to transfer their weeks to someone else:

Control/assure the quality of owners.

Supposedly, there are minimum income requirements just to go on a timeshare tour, but there is no such qualifying in the resale/transfer market.

ronparise · 07-17-2014, 10:45 AM

Originally posted by JLB View Post

A good reason for resorts to be involved and assist their owners who want out . . .who want to transfer their weeks to someone else:

Control/assure the quality of owners.

Supposedly, there are minimum income requirements just to go on a timeshare tour, but there is no such qualifying in the resale/transfer market.

You are absolutely right..the hoa's should have an opportunity to accept or reject a new owner before the deed is recorded. But I think that process would have to be written into the condo docs when the timeshare was established, much like the ROFR, written into so many of the Marriott properties. ...its too late to add thes rules now. Its this lack of process that allows the PCCs to operate the way they do.

rapmarks · 07-17-2014, 11:05 AM

Lakewood Resort in Osage Beach has a pre approval when you sell your timeshare.

JLB · 07-17-2014, 07:48 PM

That way the wouldn't get owners like us.

JLB · 07-27-2014, 02:53 PM

If anyone questions exactly how hard it is to get rid of timeshare weeks, or, for whatever reason, the level of my efforts and perseverance, I have had weeks at one of our resorts advertised on the Internet, non-stop, since September 2, 2008, during which time we have paid just short of $6000 in fees, and at our other resort, non-stop, since at least April 17, 2011.

JLB · 07-27-2014, 09:43 PM

The covenants and restrictions have been mentioned a few times, and I'm normally pretty good at running stuff down on the Internet.

Not this time.

They are mentioned in Exhibit A, which is Page 2 of each of the deeds, and which spells out what week it is for. It mentions:

Supplemental Declaration of Covenants and Restrictions for Stonebridge Village Condominiums
The Declaration of Covenants and Restrictions for Stonebridge Village
and
additional Supplemental Declarations, if any

I can see a Declaration for Stonebridge Village, but can't open it online. I don't see a condo one.

Here's the site, click on Stone, and good luck, if you wanna try.

I just found this:

http://www.lakeshore-group.com/Fores...0Covenants.pdf

Item 3.1.3 grants full property owner rights to Coopershare members.

ronparise · 07-27-2014, 10:12 PM

Originally posted by JLB View Post

If anyone questions exactly how hard it is to get rid of timeshare weeks, or, for whatever reason, the level of my efforts and perseverance, I have had weeks at one of our resorts advertised on the Internet, non-stop, since September 2, 2008, during which time we have paid just short of $6000 in fees, and at our other resort, non-stop, since at least April 17, 2011.

I dont think anyone doubts that you have tried to sell your timeshare, but clearly your efforts have failed. I wonder why ...... would you post a link to one of your ads?

JLB · 07-27-2014, 11:16 PM

I've done that and asked for comments before.

Here's one:

http://denver.en.craigslist.org/reo/4589900265.html

As for SBV, you can see that it is not just my problem:

http://www.ebay.com/sch/sis.html?_nk...d=111317418513

For that matter, the GM at SilverCreek, and the Board Pres have both told me it is not just my problem. Many want to give them away and no one is taking them.

It is not just my problem, it is every owner's problem.

tonyg · 08-01-2014, 09:56 PM

Perhaps a solution would be to have a website, such as Westgate weeks FREE.com. One might get rid of their weeks and the weeks of others and be such a thorn to sales that Westgate (or whatever outfit) would start taking back weeks as deedbacks.

JLB · 08-02-2014, 09:36 AM

Originally posted by tonyg View Post

Perhaps a solution would be to have a website, such as Westgate weeks FREE.com. One might get rid of their weeks and the weeks of others and be such a thorn to sales that Westgate (or whatever outfit) would start taking back weeks as deedbacks.

Know anyone in the website business?

tonyg · 08-02-2014, 10:38 AM

No, but it's not that hard to set up a simple website or webpage.

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