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| Thu, Feb 06 2025, 0:55:26 | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, [3], 4, 5, 6, 7, 8, 9, 10 ] |
| Subject: Re: Can I stop paying maintenance fee? | |
Author: Kim | [ Next Thread |
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] Date Posted: Sat, Dec 24 2005, 5:32:18 In reply to: Ian Ng 's message, "Can I stop paying maintenance fee?" on Wed, May 18 2005, 18:32:17 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. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| [> Subject: Re: Can I stop paying maintenance fee? | |
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Author: Faizah [ Edit | View ] |
Date Posted: Sat, Mar 11 2006, 12:27:57 Our timeshare if fully paid when LGM turned up and said that we can get our money back after 7 years by paying additional $8K and changed the membership to CVC. We asked if they can confirm that and put it in writing. They said yes and even write it in front of us. We stupidly agreed and signed. When asked for a copy of the written statement, they said they need to make a copy then they'll give it to us. Now, they are saying that that is only a worksheet and not to be given to us. We were pretty pissed off and refused to pay the subscription fee subsequently. We have even said we want to terminate the contract and are willing to forgo the $20K paid to them. They have now said we have a liability and threatened us with legal suit. If anyone can advise what we should do, we would appreciate it very much. Thank you! [ Post a Reply to This Message ] |