How To Walk Away (Renee) From a Paid-for Timeshare

[JLB]

So you are saying that if you were on the HOA, and were deciding who to litigate against, those owned by LLCs (or otherwise complicated) would not concern you more than those own by real people?

Or, in any situation, the fact that collection would be problematic and expensive would not enter into your decision to sue someone?

C'mon, every decision of this nature has a gain v. cost factor.

Carolinina appears to be more realistic, that HOAs do take things like that into consideration. Of course, then, he has experience of that nature, so it is more than conjecture with him.

Originally Posted by mshatty

Cost is all the same. You just put them all in one basket and sort it out.

[mshatty]

Originally Posted by JLB

So you are saying that if you were on the HOA, and were deciding who to litigate against, those owned by LLCs (or otherwise complicated) would not concern you more than those own by real people?

Or, in any situation, the fact that collection would be problematic and expensive would not enter into your decision to sue someone?

C'mon, every decision of this nature has a gain v. cost factor.

Carolinina appears to be more realistic, that HOAs do take things like that into consideration. Of course, then, he has experience of that nature, so it is more than conjecture with him.

What I'm saying is that if a decision is made to litigate a collection matter, you go after everyone you think is liable. Sorry, that's just the way it is. Why would a HOA not do it if they make a decision to file a lawsuit to collect the debt? It needs to find a person who can pay the debt. Your suggested scheme of avoiding debt is easily discovered before filing suit and adding an individual's name to a lawsuit is very simple.

I've been doing suing folks who have tried your scheme for 25 years and have great experience of that nature, so it is more than conjecture with me.

I agree with Carolinian that most HOAs are not going to go this route.

[JLB]

OOH!

Well, don't get your panties in bunch!

Sue away!

[JLB]

Speaking of attornies, when I was at Moo U, it was generally assumed that that is what I would be, but I didn't take that route.

My dad was a successful and respected businessman who dealt with attornies all his adult life. At the end he was in need of one, and I was the son to bring one to him. One of the last things Dad said to me was, "You can have too many of them." He had that smartass smile and quip I seem to have inherited.

Last week it was six years since he left . . . but, sure enough, the attornies are still at it, the latest now in the process of being hired.

I've always wanted a personal family attorney. Just a decent, straight-forward, honest, reliable person you could count on when you needed them, someone you could call and say, "Take care of this," and not have to worry about it further.

I've had occasion to deal with several attornies the past five years and have not run into one like that yet.

[cancundish]

My parents own 6-7 timeshares and since they spend 4 months at their lake house and 8 months in florida on the water their need has decreased. They are still at a place where they can afford the fees but, don't need them.

He asked me for help in selling two. One is a white week in Texas the other is a red week 26 near New Orleans.

The texas week has always traded fine as it was xmas week. However as it is white and is not branded I advised there was little to no value for it on the market place. I called the resort asked if they would take it back as mfees were paid up this year. As a board they decided to take it back. I am assuming they think they can resell it or that they can make it work. Thus that was taken care of quite easily.

The other week is actually a great trader and has tremendously low fees. We will probably give that one to a friend or someone in the family.

you don't always have to create an llc to get rid of a week.

[JLB]

Hi Mr. Dish :

I would certainly not encourage one to do so as a first resort.

It would certainly be nice if life in the timeshare lane was all pretty and sweet, with all resorts taking back weeks, or better yet, helping to sell weeks, from owners who are done with them.

Or better yet, . . . nah . . . not yet.

Originally Posted by cancundish

you don't always have to create an llc to get rid of a week.