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
Question My timeshare is paid for. The problem is the annual maintenance fee. Have tried for a few years to sell the timeshare with no success. Since the timeshare is in Cabo San Lucas what effect would not paying the maintenance fee ever again? I won't use it again, can't sell it, so it is a waste of $750 annually. Thanks for your help.
John
Answer Hello John,
I would consider renting it out or selling it for $1. We might be able to help in both cases: sales@timesharevillage.com
However, maintenance fees are like gym memberships and that is how they would show up on a credit report - like an unpaid membership fee. Of course, the company could potentially sell the account to a collection agency and you might have to deal with the agency for a while. It's a mixed bag - some people have told me that it never ends up on their credit report and they just end up losing the timeshare. I wouldn't count on that. If you're ok with a potential blemish on your credit report and the hassle of dealing with their phone calls, then just don't pay.
However, as is the case in Mexico, they might have served you alcoholic drinks during the sales process. If that is the case, you signed a contract while potentially in a state of mind incapable of legal consent. If you see it appear on your credit, you could write a letter explaining the situation to the credit bureau and at least contest the report based on the contract not being valid.
All the above is a pain to follow through on. However, these are your options. Good Luck!
