July 23, 2007
We Collect Timeshares LLC based in Olympia WA continues to help the helpless.
On July 13, 2007 We Collect Timeshares, a Washington state based company met with owners in New Haven, Connecticut to discuss their offer and exactly how We Collect Timeshares has been helping owners use what they call “an exit strategy from timeshares that makes financial sense.” Bottom line; the company has found a way to help owners who have been struggling to sell their timeshares get out of them immediately and save a tremendous amount of money on the ever increasing yearly maintenance fees, property taxes and special assessment. In addition, it seems like a lot of owners were also able to get back some money through this process as well. However, getting out was the biggest concern for owners like Clifford and Mary Pikulski. The Pikulski’s owned two timeshares with yearly around $750 for each one week unit. Although they used them a lot in the past they didn’t need them anymore and in fact, hadn’t used them in some time. To make matters worse the Pikulski’s lifestyle had dramatically changed since they first purchased their timeshares and they found that not only were they not going to use the properties much more, but they were having a hard time affording the maintenance fees which came each year, even when they couldn’t use the properties. At first they turned to big name real-estate brokers like Century 21, GMAC and others who called them and promised they could easily sell their properties for them if they would pay their up front listing fees of $498. The Pikulski's spent over $1500 on listing fees and other such advertisement over a 3 year period of time but did not get a single call from any interested buyers. Frustrated with the increasing fees they ultimately tried to include their timeshares in their recent bankruptcy but the bankruptcy court did not allow it. They felt trapped for life. Owner and founder of We Collect Timeshares Christine Gibbs had this to say about the Pikulski’s situation. “It’s really a shame things like this happen to owners who’ve invested so much money in their timeshares. People don’t understand our business when I tell them we help timeshare owners get out of their timeshares. Most owners do not understand their timeshare contracts. Not only will a lot of these resorts not allow the owners to stop paying their fees when they aren’t using it, but later on in life, even if they can’t afford them anymore, like the Pikulski’s, they can’t even file bankruptcy to get out of the fees. And the Pikulski’s are not alone. I’ve lost track of the number of owners we have helped who also were not allowed to include their timeshares in their bankruptcies. I’m just glad we could help the Clifford and Mary before another Christmas came and went. Keeping their timeshares would have cost them another $1500 in maintenance fees for a resort that they aren’t using anymore.”
Learn more about We Collect Timeshares http://www.wecollecttimeshares.com/
Learn more about timeshares.
http://www.chicagotribune.com/business/yourmoney/sns-yourmoney-0319spending,0,7541707.story
http://mortgagesloans.suite101.com/article.cfm/never_buy_a_timeshare
http://www.timesharegateway.com/articles/buy-time-share-but-do-not-borrow.html
http://itsjustmoney.blogs.com/its_just_money/2006/08/do_you_own_a_ti.html
http://www.associatedcontent.com/article/57712/ten_reasons_why_you_should_not_buy.html
http://www.budgettravelonline.com/bt-dyn/content/article/2005/06/04/AR2005060400460.html
