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Timeshare Forfeiture

gswiles

newbie
Joined
Mar 27, 2024
Messages
1
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Resorts Owned
Sol Melia
Hello,

New to the site and appreciate being added.

I have a Melia Vacation Club "Membership" home property in Cozumel I'm interested in selling, getting ride of.

After reading several threads, I've see people mention "Just stop paying" and they will repossess the unit. Is this even an option?

It's paid off other than annual maintenance. I'm disabled now with Parkinson's and don't travel anymore. With 36 year remaining on the agreement I'm just throwing money away.

Thank you in advance for your assistance and comments,
Gregg
 

RX8

TUG Member
Joined
May 5, 2011
Messages
4,148
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4,516
Points
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Resorts Owned
HGVC and DVC
Vacation clubs are like Costco memberships. And like Costco, if you stop paying they won’t let you in the door. Not much more they can do beyond that. Just stop paying.
 

Patri

Tug Review Crew
TUG Member
Joined
Jun 6, 2005
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I agree. And I hope your health holds out.
 

Fido Chuckwagon

TUG Member
Joined
Sep 18, 2022
Messages
953
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654
Points
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Resorts Owned
Disney’s Saratoga Springs Resort; Wyndham Bonnet Creek; Wyndham Bali Hai; Wyndham Canterbury; Wyndham Grand Desert; Marriott Grand Chateau
Vacation clubs are like Costco memberships. And like Costco, if you stop paying they won’t let you in the door. Not much more they can do beyond that. Just stop paying.
Yup, just stop paying.
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
47,705
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Points
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Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
You will still get nasty calls asking for money. So keep that in mind. They would rather keep getting money from you than trying to sell another membership to replace it.
 
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