Crown Timeshare
Timeshare Exit Strategy?
Yeah – we feel rippped off. We’ve owned a Kuai KBV timeshare for years now (bought on our honeymoon).
The maintenance fees started at $400 in 1997 and are over $1100 now. We can’t even rent it for near that on RedWeek or Ebay.
The timeshares lost pool access to adjoining hotel, lost their “gold crown” rating, plus fees keep going up year to year. I also hear that they may charge a special assessment fee soon to get back up to “Gold Crown” status.
What is the best exit strategy? Does the loss of Gold Crown Rating Help the cause / hire a lawyer? I want to dump.
Thank You In Advance.
Two choices — sell it for whatever you can get. If you sell on eBay, you need to give buyers some incentive such as paying closing costs, transfer fees, maybe even a year’s maintenance. But it does put an end to it.
Get all of the owners together and sue. You will need at least a majority of the owners on board to file suit, and a good attorney will require a substantial retainer to go after the timeshare people. But if you do it together, you each ought to be able to manage the fraction of retainer. As individuals, it is not likely affordable (which is likely why they have gotten away with it this long!).
Puerto Plata Vacations – LHVC @ Lifestyle Crown Suites – RCI Timeshares
Tags: crown timeshare, gold crown timeshare resorts, gold crown timeshares, golden crown timeshare, lifestyle, orange_lake, rci, royal crown timeshare, timeshare, timesharerental
This entry was posted on Saturday, April 3rd, 2010 at 12:29 pm and is filed under Timeshares & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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