- Find a new owner on the resale market.
- Give the ownership back to the resort/Developer.
- Stop paying.
Can you cancel vacation club?
Canceling A Vacation Club Contract
Most, if not all, contracts include a “termination clause”
. Some call it dispute resolution, rescission period, and other legal mumbo-jumbo. If you are still within the contract’s rescission period then, send a notice of termination.
Beyond your original timeshare purchase,
you’re required to pay timeshare maintenance fees as well
. These fees are due whether you bought your timeshare directly from your home resort or on the resale market.
Some people just stop paying on their timeshares. If you do walk away,
don’t be surprised to see a big hit to your credit score and to start getting regular calls from collection agencies
. You might regret your purchase, but you did sign a legally binding contract.
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
Shell offers prospective buyers the greatest flexibility in what they wish to purchase.
Either buy SVC Weeks at one of the 24 spectacular Shell resorts, or choose to purchase SVC points, giving you membership to a Shell Owners Club
.
Who bought Shell Vacations Club?
Wyndham Worldwide
, one of the world’s largest hospitality companies, said Friday that its subsidiary, Wyndham Vacation Ownership, has acquired Shell Vacations LLC and its subsidiaries for $102 million.
Is Shell Vacations part of Wyndham?
Shell Vacations Club is part of Wyndham Destinations
, which serves nearly 900,000 owners through 20+ brands including CLUB WYNDHAM
®
, WorldMark
®
by Wyndham and RCI
®
.
If a repayment plan isn’t negotiated, the timeshare company might go the route of taking you to court for breach of contract to get a judgment against you and place a lien against the property. Ultimately, they will foreclose on the property.
- Is There a Rescission Period? …
- Work with a Timeshare Exit Company. …
- Rent Your Timeshare.
- Sell Your Timeshare.
- File Complaints with Regulators and Law Enforcement.
- Give or Sell It Back to the Timeshare Developer. …
- Ask your Developer for Help.
- Get your cancellation request in writing. …
- Include a clear request to cancel your timeshare. …
- List all the important details. …
- Set expectations. …
- Send all correspondence by certified mail. …
- Don’t get emotional or long-winded. …
- Don’t use passive or hesitant language.
How do I get out of unlimited vacation club contract?
You can cancel for any reason or no reason at all during the rescission period. After that time you would basically have to
prove fraud or convince the resort or vacation club that it is in their best interest to refund your money
.
Known as rescission, the period for timeshare cancellation varies by state, but averages only
5-7 days
. Not a lot of time when you’re in full vacation mode, or in the process of traveling home.
On average, it costs about
$5,000 to $6,000
and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.
Give it back:
Contact the developer or resort management
. Tell them you want to quit-deed the property back to them. In other words, you are willing to give away your timeshare in exchange for the future savings of not having to pay your membership.
A deed back clause or program allows you to give your timeshare back to the resort
. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.
The short answer?
Yes. Resort developers can and do take financial and legal action against timeshare owners attempting to leave their interest
. However, they may not pursue these strategies as aggressively as some consumers may think.
How do I sell my Shell Vacations Club membership?
Learn more about Shell Vacations Club resales today by
filling out the form, or contact us directly at 1-877-815-4227
.
When did Wyndham buy Shell Vacation Club?
PARSIPPANY, N.J.,
Sept. 14, 2012
/PRNewswire/ — Wyndham Worldwide (NYSE: WYN) today announced that its subsidiary, Wyndham Vacation Ownership (WVO), has acquired privately held Shell Vacations LLC (Shell) and its subsidiaries.