Legal Question in Credit and Debt Law in Wisconsin
I purchased a timeshare in Mexico several years ago. I have paid the timeshare off in full over a year ago. I do have the paperwork to prove that the timeshare is paid in full. I tried to give the timeshare back to the company because I don't want to pay maintenance fees moving forward. The original resort I bought from closed, and that is the only reason I purchased to begin with-because of the location.
They refused to take it back even for free I just wanted out of the maintenance fees because they have more than tripled since I purchased a few years ago.
I would think that they would be happy with the $$ collected for full purchase price and that they wouldn't sue for maintenance fees considering what the state of our economy is in right now.
Your advice please............
1 Answer from Attorneys
My advice would be to never purchase a timeshare. Although they might work out for some, I hear nothing but horror stories from my bankruptcy clients, a disproportionate number of whom seem to have been "sold" on such a purchase. Aside from being wildly overpriced, the contracts notoriously leave consumers perpetually at the mercy of management; and maintenance fees are one of the primary complaints for those few who actually manage to eventually pay off the timeshare. Timeshare in foreign countries present the additional risk of practical impossibility of enforcing what few rights they do have, due to the uncertainty and expense of needing to bring legal proceedings in foreign courts if things go wrong. Of course, no having seen your specific contract, I could not comment on what rights you may have, if any, to object to these maintenance fees. However, my guess is that the contract is not in your favor. Please be aware that my responses to you in the public web forum do not make me your attorney and that I am not representing you or taking any action on your case. These answers are intended for public educational use only. Regardless of this, however, you are still welcome to contact me during business hours at my in Racine if you still have questions.