Hello everyone, I want to get rid of a timeshare with Silverleaf in MA. Below are the options I am currently faced right now and wanted your input to which option may be the more viable:
1) Find somebody to take over my timeshare (not very likely)
2) Deed it back to Orange Lake (sales person trying to convince me to convert to points by paying an additional $9,500 said they did not take back the units)
3) Stop paying maintenance fees (how likely is this to affect my credit score?)
4) Hire a lawyer that is asking me around $3,500 but guarantees with 100% money back the result.
Thank you in advance!
Elisa
I have a contact who will do it for $1000 and requires all maintenance to be paid through end of year prior to completing sale once they find a buyer. I would collect a $500 referral fee upfront - if the unit is not sold in 12 months, I would refund $50 for each additional month.
ReplyDeleteActually, I misunderstood the offer - they take the unit immediately and you would be responsible for maintenance for the next 4-5 months or through the end of the year if you pay maintenance monthly and current year use will be unavailable at the end of 4-5 months. Their fee structure is $800-$1100 depending on the exact HICV unit, so I'll use an average of $950 and a 30% referral fee for a total of $1250 for any HICV unit.
ReplyDeleteFor anyone else reading, if you get HICV points (either because you own at a points resort or because you purchased a fixed week from HICV), I will actually pay for your unit if maintenance is under $6/1K. Points resort would be normal deed transfer - fixed week would be through a pair of quitclaim deeds.
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