Re: Can I stop paying maintenance fee? -- Timeshare Victims Support Group

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Subject: Re: Can I stop paying maintenance fee?

Author:
sim

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Date Posted: Fri, Dec 23 2005, 0:47:37
In reply to: Ian Ng 's message, "Can I stop paying maintenance fee?" on Wed, May 18 2005, 18:32:17

If you think you have had enough of this crap, just stop paying for anything that is timeshare related. Once and for all end this nonsense.

This timeshare thing is a bottomless pit. Stop pouring money into it. Cut lost and pull out now. What's lost is lost. Just put it all behind and get on with your life.

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[> Subject: Re: Can I stop paying maintenance fee?

Author:
Kim
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Date Posted: Sat, Dec 24 2005, 5:32:18

I have a timeshare in what's left of New Orleans. It's paid in full. I received a bogus letter from the owner's association stating that it's an "ownership" just like my house or car and that with any ownership, the "owner" assumes the risks. They tell me they hope maintenance will not "have to" go up too much in order to make repairs to the hotel.

First, they think I was born yesterday. If they expect to receive a penny from me to reapir what's now a piece-of-garbage hotel--in the least desirable city in America--they're dreaming!!

My question is: can I deduct the fair market value of the timehsare on my taxes if I have them terminate my membership? I would consider that a capital loss.

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