just a vent (penny wise pound foolish)

patandchickens

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Sorry guys, I just gotta complain for a minute.

My husband has this timeshare week (off-season) at a local ski "resort" that he bought like 20 years ago. (So does his mother. They got sucked into this business of 'complimentary 1-night stay and dinner, just listen to our sales pitch' thing.) He has AFAIK never in 20 years used it. It costs him about $400-500 per year in maintenance/admin fees, even without using it.

So when we were getting married, 8 years ago, and reorganizing his finances, I asked him 'is there any reason you are keeping that? Are you ever going to *use* it, or does it have some sentimental value or something?"

He said that no, he did not want it but had in the past listed it on (for-pay) 'timeshares for sale' websites and got no interest. I said, well if it's costing you $400-500 per year and you'll never use it, why not see if you can renounce ownership or give it back or give it to someone who *does* want it, or something like that. He said, no, he paid like $10,000 for it and he was darned if he was going to lose all that money. I said, do you REALLY think you can possibly ever sell it for anything like what you paid (or really for anything at all?) He said no, of course not. But he'd be darned if he was going to give it away and lose the money he paid. :)P)

So we have kept paying the annual fees. Most years, when the bill comes, I say "are you SURE you don't want to just get rid of it?" Last five yeras or so, he's said "of course I do, but I don't know how. It would be too complicated." So I would say "well have you called them to ASK what your options are, or even just asked around at work or put an ad on kijiji in case someone happens to *want* it?" Answer: no.

So last week we apparently got a "special" bill from them... not only are they changing their billing schedule so that this bill is for two years at once, it also includes $300 worth of special maintenance fees. So they want like $1200 from us. Which, particularly at the moment, we PROFOUNDLY do not have, for one reason and another. (I don't think I can even buy all my winter's hay at once this year)

(And I say "apparently" got the bill, because I only know about it b/c he left it lying on the sofa in a pile of the kids' books and I found it three days after it came. "Oh," says husband, "It slipped my mind. I was *going* to mention it.")

:/

Anyhow the upshot is that I had somewhat of a hissy-fit over it, and said he could darn well call the resort the next morning and find out how to stop owning the thing.

Five days later he actually did that.

And you know what?

They faxed him a form, he is going to send it back signed, and then we will no longer own an utterly useless $500-a-year timeshare.

IF HE HAD JUST DONE THIS EIGHT YEARS AGO, we would be ahead by almost $4000 plus interest.

Grrrrrrrrrrrrrrrrrr.

(Although, on the bright side, at least he has finally done it NOW. Well actually he hasn't sent the forms back yet, but, you know.)

Thank you for letting me whine :p,

Pat
 

SKR8PN

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You must be a very forgiving person. :D
My wife would have had me pushing up daisies 8 years ago!! :gig
 

patandchickens

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I am not forgiving, I just don't feel confident about my ability to successfully conceal a dead body (our manure pile isn't really big enough and the water table is too high for burial).

Besides, imagine all the *paperwork* that'd be involved if I actually killed him. <shudder>

Pat
 

kcsunshine

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Gee pat you sound like me. I contemplated committing suicide until I realized someone else would have to clean up the mess. :lol:
 

Wifezilla

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WAIT!!!!! Be very very very careful about this. Often you CAN'T get out of owning a time share no matter what they say.

I am a Tom Martino fan and he has a consumer radio call in show. Time shares and condos are like HERPES! You can't get rid of the damn things.

READ THAT DOCUMENT CLOSELY. Make sure there is nothing holding you to maintenance fees if they can't sell it.

Not saying you can't with this particular company, but just a heads up. People call Tom all the time telling them "I thought I sold it", etc... but then they are still on the hook.
 

i_am2bz

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You are a better woman than I am, Pat...DH would've been sleeping on the couch for the last 8 years...:lol:

And like WZ says, be absolutely SURE you are really off the hook!! Take the document to a lawyer if you have to...
 

patandchickens

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Thank you for the warning, guys! I have informed DH that I really want to SEE the thing before it is signed and sent back.

He tells me, though, that the lady on the phone said that it was a "letter of assignment", *not* just paperwork to list the timeshare on an in-house sales list or something... so HOPEFULLY it is on the up and up.

QUite honestly I find myself idly wondering whether perhaps, with the timing and magnitude of this bill, they are trying to GET people to relinquish units so they can demolish a building or something like that. I dunno. It all seems a bit suspicious to me. But <shrug> my only practical agenda here is that it seems like good opportunity to get DH to actually DO SOMETHING ABOUT this constant stupid financial hemorrhage (or however you're supposed to spell that)

(I suppose in a sense having several retired elderly horses is also a stupid financial hemorrhage, but I feel like I owe it to them. Whereas I do not think that this resort company is in any particular way deserving of our tender care and continued support :p)

Pat
 

Niele da Kine

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Can you list the time share for sale or for rent in the Craig's List area that the time share is in? Maybe you could sell it yourself or rent it out.
 

FarmerChick

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yea Pat just be sure to read that paper very carefully

too bad ya'll never used it and at least got some value out of that purchase.

bleck, there is always something in life that "gets" ya and this time share got you ---good luck in unloading your burden lol
 

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