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| Timeshares! | |
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| Topic Started: Jan 27 2017, 05:59 AM (243 Views) | |
| swing | Jan 27 2017, 05:59 AM Post #1 |
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swing
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Anyone own these damn things? My Dh and our kids each inherited one from Dh's dad. When we traveled to Ca. they were great, I just transferred the weeks. Long story short D like her dad did not like the fact you had to book 6 months to a year in advance so paid to get rid of hers in Ca., yes paid a lawyer down there upwards of 5000.00! The one in Canada has been a nightmare for the past three years., the other is fine, with good mgmt. Our last invoice in 2004 they had increased the fees to 1800.00 per year for a 2 bed for 2 weeks plus an assessment for resort refurbishment totaling 10 grand. This is a lease, since when do people pay for improvements when you're leasing? Long story short we were given the option of paying 5 grand and walking away, which i would've done! My DH is very stubborn said No I'm not giving these thieves any $$$. End result 2000 of us filed a class action. Three court cases later, the latest with the supreme court in B.C. have ruled in favour of these "thieves", who have already put 3 other resorts that we know of, into bankruptcy! Next steps, who knows, however I do know, last invoice with interest and charges is now approaching 20 grand! I cannot figure how the courts can not see through these crooks and rule in their favour, loop holes within the law! i do not need this stress, can we say an inheritance of dubious value! |
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| agate | Jan 27 2017, 01:47 PM Post #2 |
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Sure dose sound like a big scam. Hope you soon get out of it. |
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| swing | Jan 27 2017, 05:16 PM Post #3 |
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swing
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Have a look at this if you're bored, such a nightmare! http://www.sunchasertimeshareowners.com/our-story |
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| Shorty | Jan 27 2017, 05:21 PM Post #4 |
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Red Star Member
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We've never had one but have experienced the very seansoned pitch these guys give. I do remember them saying that we were responsible for fees remodelling the units. Friends got suckered into one in Hawaii. A nightmare. |
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| swing | Jan 27 2017, 05:28 PM Post #5 |
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swing
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We inherited this in 2003, was fine for 10 years then new mgmt. We always exchanged as I do not like Fairmont, boring unless you golf. |
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| Kahu | Jan 27 2017, 05:36 PM Post #6 |
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Is the Fairmont group named in the link the same that runs the Fairmont Hotel chain? |
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| Shorty | Jan 27 2017, 05:39 PM Post #7 |
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Red Star Member
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The ad at the bottom of the page right now is about needing out of a timeshare. 🙄 Swing, I'm like you. I'd rather take a loss and get out. These companies know that you're locked in. |
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| goldengal | Jan 28 2017, 01:34 AM Post #8 |
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Mistress, House of Dogs
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I suppose a lot depends on where the ones you purchased are situated. Kim has one in Cabo with another couple and one in Orlando. I believe she traded the one in Orlando for one in Paris when she and 7 friends were there 2 years ago. The other couple have many time shares and next month have traded the one in Hawaii for 6 weeks in Grand Cayman. They plan to stay 6 weeks at a different island for the next 3 years before they decide to actually purchase a place. Take care, Pat |
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| swing | Jan 28 2017, 05:40 AM Post #9 |
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swing
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We had many years of enjoyment with these as I exchanged them every winter into Ca./Az. This is the only one that the mgmt. has run into the ground and wants the lessees to pick up the tab. It was a beautiful unit, 2 bed, 2 bath on the golf course, fees were in line per year until new mgmt. We also had one in Ca. and still have one in Panorama B.C. DH won't travel to Ca. any longer thus our daughter got rid of that one as it was hers. Neither kid have any interest so we paid the fees and used them. It was also nice, a big two bed, 2 bath 1200 square ft., fees were 1000.00 per year which was reasonable for a week. The remaining one is well managed a one bedroom which we may use at the destination or exchange into the Okanagan. I enjoyed them as you never had to go to the same destination twice, and you had space, as I dislike cramped hotel rooms. In answer to your queston Kahu, no they are not affiliated with Fairmont Hotels. |
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| goldengal | Jan 28 2017, 09:40 AM Post #10 |
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Mistress, House of Dogs
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When I accompanied Kim to her treatment today I asked her if they have to pay for upgrades and she said they do but figure it is worth it. Take care, Pat |
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| swing | Jan 28 2017, 01:13 PM Post #11 |
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swing
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We lease this place we are not responsible for up grades. They took it upon themselves without permission to change the terms of the leases. They are crooks but the courts apparently due to some legal loophole don't agree.. If you read the material, they took over another couple's bed and breakfast place, put it into bankruptcy, and the couple are out a ton of $$. They've put one in the Okanagan into bankruptcy and one in Hawaii ~unscrupulous people! |
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| Trotsky | Jan 29 2017, 02:43 AM Post #12 |
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Big City Boy
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Are you sure it is a leasehold? I always thought of these things as "cooperative ownership" and hence an assessment for upgrades is standard. Why did daughter have to pay $5G's to unload it? Could she not sold it to some happy soul for $.49? Dubious value, indeed: an inheritance that costs big bucks to get rid of. Like inheriting a disease. Edited by Trotsky, Jan 29 2017, 02:47 AM.
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| swing | Jan 29 2017, 06:57 AM Post #13 |
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swing
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Are you sure it is a leasehold? I always thought of these things as "cooperative ownership" and hence an assessment for upgrades is standard. Why did daughter have to pay $5G's to unload it? Could she not sold it to some happy soul for $.49? Stipulations with these are all different Trotsky, this is the only one that was a leasehold. The one D inherited was in Ca. She could've kept it but has "a hate on" for timeshares. I don't understand why, as that one was beautiful, and well managed. She travels extensively but on "her terms" didn't want the hassle of booking months in advance and lining up times, they are more convenient for retirees. She contacted the resort wanting them to take it back. They would not, had to go through the legal hoops, which being a Canadian were many. She contacted a lawyer in San Diego I believe, after much hoopla and $$, it was returned to the resort. Such a shame as Fil paid 12000.00 for it in 1993! You cannot give these things away now, due to instances like this, people do not want the hassle! DH never liked T.S.'s either, always said they were a poor investment, he and his dad had a few heated discussions regarding them. We never visualized that future problems would exist, and under proper mgmt should not. DH's parents did not have $$ and it was always a mystery why the old boy purchased them, although they enjoyed 20 years of southern travel. DH's argument was, although probably not as luxurious, rental accommodation would've amounted to the same cost, without timeline restraints, and now this unforeseen nightmare. |
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| Delphi51 | Jan 29 2017, 08:32 AM Post #14 |
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Member title
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Thanks for the warning! I guess the idea is good. Owning a nice cottage on a lake to use for a few weeks per year is prohibitively expensive. Sharing within a family might cause disputes. We'd rather camp and even have avoided restricting our freedom with a campsite reservation so far. |
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