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Disposal of RCI timeshare week ??

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Disposal of RCI timeshare week ??

Old 11-16-2015, 10:41 AM
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Default Disposal of RCI timeshare week ??

Long story short, my parents (Dad died 5 years ago) have had a RCI timeshare for I am guessing 30+ yrs .

As of right now there are some maintenance fees due and nobody in the family has any interest in the unit (personally years ago they were decent and you could swap around but from what i have seen this is harder to do now days)

I nor my Sister have ZERO interest in this unit

Really not sure what they are worth, if anything, and what to do with it or how to dispose of it

I think it is a week in the fall, for some dumb reason they had a summer week but traded for a nicer unit in fall for when they traveled but since they already had a vacation home in Charleston SC they never really used it much

Not sure when the last time anyone used a week. just kept paying maint fees

I have done a search and come up with all kind of companies that will buy or cancel contract but would like some insight on this process
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Old 11-16-2015, 10:45 AM
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Good luck - I think we both posted about this not too long ago, and without any real evidence of an easy way to get rid of it. After the initial post I looked into a bunch of companies that specialize in selling timeshares, but none passed the sniff test.

At this point, mine is paid up and even has a week banked, and I'd sell it to anyone for $500.

Good luck!
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Old 11-16-2015, 11:11 AM
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Each timeshare / vacation ownership company has different rules for transferring ownership. The timeshare we own is with Starwood and it is relatively cheap and easy to transfer ownership (with a minimum transfer fee of $25).

RCI is a timeshare trading company so you would need to actually contact the company that the timeshare was purchased from (eg, Sheraton, Marriott, Disney, Westgate, etc.) to determine what your transfer fees would be.

Timeshares are definitely not worth much $ if anything at all. You could try to sell it via Craigslist for next to nothing or gift it to someone for your transfer fee.

But, I really suggest that if this timeshare is still in your parents name (now deceased) why not just let it go? Stop paying any/all fees and let it go. This should not impact you or your kin if you were not on the original contract(s).
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Old 11-16-2015, 11:22 AM
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I was offered on in Hawaii for $1, had to turn it down due to the maintenance costs. They are a PITA to get rid of, no one wants them anymore.
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Old 11-16-2015, 11:34 AM
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We were in same situation with timeshare my folks had in NSB. Ended up just deeding it back through some company or broker.
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Old 11-16-2015, 11:35 AM
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Originally Posted by Gary - CFL View Post
But, I really suggest that if this timeshare is still in your parents name (now deceased) why not just let it go? Stop paying any/all fees and let it go. This should not impact you or your kin if you were not on the original contract(s).
That is our thoughts, I DAMN sure do not want it nor does my sister

Mom is pretty much on fixed income, lives with sister/BIL, and really has no assets at all in her name.

What got me curious was other day I got a call from timeshare company wanting ME to pay Maintenance fees. My Sister has not paid them this and was debating whether to even pay them or not. She asked me and I have NO clue what the if any consequences would be

Just pissed me off they called me and expected ME to pay them, needless to say I informed the differently
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Old 11-16-2015, 11:39 AM
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Why not after the estate is settled just quit paying anything. How can they collect money from someone who has passed away.
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Old 11-16-2015, 11:41 AM
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Originally Posted by fishingfun View Post
Why not after the estate is settled just quit paying anything. How can they collect money from someone who has passed away.

Mom has not passed away but that is my thought, she is 87 and healthy as she can be (mind is not bad but not great either)
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Old 11-16-2015, 11:45 AM
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I have been trying to get rid of my timeshare for years... No luck so far, if you find a way please do share. I am paying $1000 + for maintenance fees, buying a timeshare was the dumbest thing I have ever done financially...
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Old 11-16-2015, 12:11 PM
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Originally Posted by SeaMonkey1 View Post
I have been trying to get rid of my timeshare for years... No luck so far, if you find a way please do share. I am paying $1000 + for maintenance fees, buying a timeshare was the dumbest thing I have ever done financially...
Me too. I didn't want it, but caved to spouse & salesperson. I was good enough to ask about resale, but accepted the lie the she told us.

There is no simple way to give it back to them or even pay them to take it back.
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Old 11-16-2015, 07:01 PM
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Last week I received a postcard from a company advertising they would dispose of any timeshares for $500.

Tprice, I would just stop paying.
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Old 11-16-2015, 07:10 PM
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The other (latest) thread and the others.
My wife and I want to let ours go also.

http://www.thehulltruth.com/dockside...ight=Timeshare

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Old 11-16-2015, 07:41 PM
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Let some homeless people stay there for your week. They will buy your week back to get rid of them
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Old 11-16-2015, 07:49 PM
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I bought one for $500 in Orlando during 4th of July week. We actually use it and enjoy it. When we can't use it, we bank it. But, to answer your question, there are websites, like the one I used, where you can sell by owner. I think the company that closed the deal was timeshare closing services. They were quick and easy to work with. Hell, my closing costs were more than the sales price. Lol.
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Old 11-16-2015, 08:34 PM
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Originally Posted by rkatz View Post
I bought one for $500 in Orlando during 4th of July week. We actually use it and enjoy it. When we can't use it, we bank it. But, to answer your question, there are websites, like the one I used, where you can sell by owner. I think the company that closed the deal was timeshare closing services. They were quick and easy to work with. Hell, my closing costs were more than the sales price. Lol.
Its not the sales price that they get you on.

Why would they take it back? They have someone hooked in a contract for annual maintenance fees. If your mother is a party to the sales contract and maintenance agreement, I would think that they would have a claim against her estate at some point.

Rafael, Sounds like you got in cheap you didn't tell us how much your annual maintenance fees were for the week in Orlando?
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Old 11-17-2015, 04:29 AM
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My parents had two timeshares that were part of RCI and originated in Fairfield Glade (Crossville TN).


We gave them both back to Wyndham at no charge to us. Wyndham provided all the paperwork.
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Old 11-17-2015, 04:40 AM
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Find out what the timeshare is with, if it is a deeded time or points, if points, they are worthless. If deeded week, may have some value. I sold one for $100 through an on-line site, but very hard to dispose of unless it is unique in location (Las Vegas Strip, etc).

Contact the company or resort and tell them you will either deed it back or they can foreclose, but stop paying. It is in your Mom's name, and she doesn't care about a credit score at this point.
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Old 11-17-2015, 04:42 AM
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Thanks for all the ideas, to be honest I pretty much forgot about this till somebody called my office from timeshare company demanding payment for maint fees.

To be honest I guess I more or less wonder that they do if she does not pay them

Keep in mind Mom has NO ASSETS in her name at all and has not for 5 yrs
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Old 11-17-2015, 06:16 AM
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It all depends on where the timeshare is, how you price it, and where you advertise. My parents had several (5) timeshares that went to my sister and me when they passed away a few years ago. Four were in Cancun (that they used all the time) and one was in AZ that they used solely for trading. I listed them on TUG (Timeshare Users Group) and sold two of the Cancun timeshares right away. One Cancun was almost done (30 year Mexico) so we just waited out its last year and collected the residual value. I kept the other which I rent out every year for a couple hundred more than the maintenance fee). The AZ unit took a couple of months to sell, but it did sell for asking price ($2500).

A TUG membership is cheap - $10 or $15/year IIRC. They key is to price things right. Look at other ads on their site, determine how badly you want to sell, and price accordingly.

Last edited by DWJensen; 11-17-2015 at 09:07 AM.
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Old 11-17-2015, 08:29 AM
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We rented a place at an RCI property about 10yrs ago in the Caymans. We arrived and were quickly upgraded to an oceanfront unit. The resort was very nice. While they asked if we wanted to hear the pitch they did not require it as part of the stay and we declined.

While at the pool we talked with RCI share owners and discovered we were paying less for our week in the ocean front unit than owners were paying in yearly maint. fees, etc! That settled that consideration to buy one right then and there.

My In-Laws have announced that they are ''leaving'' us the deeds to their two shares in Hawaii when they pass. They pay over $1400 a year to ''own'' these two weeks. I told them while it was a nice thought, why would you leave me a $1400 a year bill?

I have no interest in travelling to Hawaii again, and we don't like ''structured'' vacations, cruises, tours etc. We like to plan our own travel time, our own lodging and basically be in control of our vacation. Not be at the mercy of some time share schedule.

We have now been labeled as ungrateful!

As you are finding out, timeshare ownership is an unsellable, liability.

I would suggest your mom stop paying on it and let it go. Tell the company that you will report them and file suit if they harass you or mom for payment and that should be the end of it.

There are pretty strict harassment laws in place preventing creditors from bothering someone and the penalties are tough enough that the ambulance chasers are advertising looking for ''victims''.
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