by -trkstr-

Created on: March 27, 2009   Last Updated: March 29, 2009

Me and my Timeshare

So some have reached a difficult situation when it comes to vacation time. They can't afford their timeshare. Worst of all, they are having a challenging time selling said timeshare.

I bought mine July of 2007 when working in another job with hopes of not necessarily using the timeshare but using the perks that come with it, golf packages especially. Whatever might also be discounted or have coupons associated with by owning my timeshare would also be a plus. Since then I have moved to another job and up until the last 6 months, I could afford the payments. More like mortgage payments because I own a part of a townhouse in a beach city and also am obligated to buy points from RCI to use at other places if my family and I choose to take a trip to the mountains or somewhere else.

But now, times have changed, priorities have shifted, everything around me and my family more expensive. I have to shed overhead. Not too much to shed, really. But my timeshare would have to be at the top of the list.

But how?

Plus it seemed hypocritical in a way to be making payments on ANOTHER mortgage when around 6% of other Americans could not pay their first.

So the word was put out, inquiring over the Internet, making calls. All these timeshare selling companies who contacted me (and believe me there were a few of them) want to help me advertise to sell or rent my timeshare...but with no guarantees. And all for the low price ranging from $599 to $899. What the heck? At the financial point I am right now, I can't afford pay $599 to $899 for something that will not necessarily pay off for me, say, within the next 90 days. If I could come up with that amount of money, then I probably would be able to make the payments!

And what makes it worse, not many people buying timeshares right now...

At first, I was thinking these timeshare selling companies (the ones established to help the timeshare owners who want to sell or just rent) were just another breed of BS artists ready to con and take your monies. Well, I still think they are but it turns they not be as money grubbing as I thought they were. Because you also have the private title companies. They are legitimate-and necessary-to search a title for a home to make sure it is clear of anything/anyone except for the person who wants to sell so as not to have any issues after the sale. These private title companies may charge upwards of $500 themselves.

So there is a timeshare that needs to sell before the payments that can't be made starts affecting credit scores. Obviously a bad thing. What an enigma. A life affecting, credit changing and especially ironic enigma.

So if anybody knows what to do, what can be done, wants to buy, wants to sympathize, wants to empathize - heck, whatever -write for me for anyone who may be in the same timeshare (instead of the proverbial boat) that I am. Because once I do, I will be writing about it.

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