About Andreas Rossler Expertise I'm able to answer general questions on timeshares and specifically in regard to purchasing, renting or exchanging timeshares on the secondary or resale market and through the Internet. I have expert knowledge in sales, mechanics (how and why timeshares work), and timeshare exchanges.
I am also well versed in timeshare financing and may be able to guide you to better financing or refinancing options for your timeshare purchase.
If you ask questions of a legal nature, or those requiring tax advice - I may not be able to answer fully.
Experience I have 10 years of industry experience in sales, management and processing. I'm currently CEO of Timeshare Village, a resource for timeshare owners and industry professionals.
Organizations Mensa - Life Member
Publications I have been interviewed by Channel 7 News in the Bay Area of California regarding my opinions on Worldmark, the Club timeshares as developed by Trendwest-Wyndham Resorts.
Education/Credentials MBA - Master's in Business Administration
BS - Mathematics
BA - Economics
California Real Estate Broker
Time-Shares - Trying to get rid of Royal Resorts Timeshare
Expert: Andreas Rossler - 10/17/2007
Question Hello Andreas,
I bought a time share at the Royal Hacienda in Playa del Carmen about 2 years ago from Royal Resorts. I really like the resort and I've used it one time since. I had to finance it because as you know we don't have thousands of dollars laying around. I am going back to school and I want to get rid of it, unfortunately my payments have all been going to wards the interest and not the principal so now that I want to sell it the principal is still more than what I can ask for it. I have placed it for sale on sell my timeshare now, the TUG website, and on Ebay. On Ebay I had 10 people watching but no bidders but after $650 and 3 months trying to sell it I am just thinking of letting it go, the asking price was $11070 after paying a down payment of $1107 and 2 years of payments I still owe over $9000 dollars I am thinking of just defaulting. After reading some of the response regarding contracts signed in Mexico, I want to know what is the best action here? I also want to stop the direct debit plan of payments and how to go about this?
Answer Defaulting is an option, but most likely the loan was sold to a US based company, so they will come after you and try to collect. Also, it will affect your credit. As for stopping the auto pay, you most likely need to close your account and open a new one. Be careful, it could get messy. Even if you demand that the bank stop allowing the auto pay, it will still come out of your account.
