My mom has a few as well. Since my brother and sister own the same week at the same location, it is likely to be given to me. The good news is that if I do not want it, one of my nieces will likely be happy to have it.I meant that it is good to name it. I apparently wasn't all that clear. I meant that I would FAVOR naming the company.On what planet?I would argue that it might be personally actionable if someone on BH was duly warned about a bad timeshare company by name.Yeah, it's an incredible racket. I don't pretend to know all the details but based on my conversations with my family member the problem is the contract liability (usually yearly maintenance fees) falls back onto the estate if no one steps up to accept the inherited timeshare. From my understanding is was impossible for my family member to settle the estate until the liability was addressed. The one that took the longest was from one of big name timeshares (I won't name it).Interesting. The following is a joke: Maybe need to leave the timeshares to these companies as their "inheritance."
My parents have an RCI Timeshare and it's a trash "investment". They are saddled with garbage fees every time they want to use it and getting rid of it is next to impossible.
Other relatives were borderline scammed into buying from Marriott. $40k+ of timeshares at a bad interest rate on a bad product.
My parents have RCI, too. Hope they find a way pass on the time share before they pass on.
Statistics: Posted by StevieG72 — Fri Mar 01, 2024 3:10 pm — Replies 83 — Views 6249