How do I get rid of my Wyndham timeshare?
How do I get rid of my Wyndham Timeshare?
- Find a new owner on the resale market.
- Give the ownership back to the resort/Developer.
- Stop paying.
Can I cancel my Wyndham membership?
There are no guarantees that Wyndham will grant a cancellation but it is worth contacting the company to find out. These options tend to be a last resort for owners looking to give their timeshare back to Wyndham, but you always have the option to sell your timeshare and get some money back for your ownership.
What happens if I stop paying my Wyndham timeshare maintenance fees?
Failure to pay the maintenance fees results in the resort foreclosing on the property and selling it at auction to recover money owed. You may face a judicial or non-judicial foreclosure. Non-judicial foreclosures, which are more common in California, provide the lender with a quicker foreclosure option.
What happens if you just stop paying your timeshare?
If you stop paying on your timeshare loan, you face foreclosure. Foreclosure is the process whereby the lender files to take possession of the property and sell it at auction to recover the money you owe. Your contract authorizes the trustee to sell the timeshare in the event you stop paying on it.
Why is it hard to cancel a timeshare?
Timeshares tend to be hard to sell or donate because of this lifetime commitment and because timeshare contracts often require the owners to pay lifetime maintenance and special assessment fees.
Are RCI and Wyndham the same?
RCI is part of Wyndham Destination Network and the Wyndham Worldwide family of brands.
What companies are affiliated with RCI?
RCI, formerly known as Resort Condominiums International, is the largest vacation exchange company in the world for timeshare owners….About RCI Resorts
- Hilton Grand Vacations Club.
- Wyndham.
- Disney Vacation Club.
- Holiday Inn Club Vacations.
Can I walk away from timeshare?
You can’t just walk away from a timeshare. If you don’t stay current on your maintenance fees or your loan payment, the timeshare company or timeshare association could report you to a collection agency and ding your credit score.