Sell Orange Lake Resort

There are a few ways you can sell your Orange Lake timeshare. Because you own a deeded stake in the resort, it is yours to sell as you wish, either by yourself or through a company that can help.

If you decide to sell it yourself, you will need to promote it. You can let friends and family know or use social media or a newspaper, but in most cases you will need the help of an online company specializing in selling timeshares to promote your Orange Lake ownership to people actually looking for it. That’s where online advertising companies such as BuyaTimeshare.com can help.

Advertising companies specializing in timeshare resales build their platforms to target key search terms that people are using online to find the products. As the owner, you would be given an online ad and an account to adjust your ad, include specific information and have customer service support to help with the process. In this case you would be the one negotiating the sale and taking it through to closing.

Another way you could go would be to use the help of a timeshare brokerage to help you with the process. They operate like traditional real estate companies with licensed agents who would work on your behalf to sell your Orange Lake Resort timeshare. They would get paid on commission after the sale, but those commissions are usually larger than an advertising fee.

Orange Lake Resort does not have an in-house resale program, so they cannot help you sell if you decided to go directly to them. They have a program called Horizons but that is geared for those who just want to give back their ownership with nothing in return.

One other option you may have heard about involves the so-called timeshare exit companies, who claim to get people out of their ownership for an exorbitant fee. This is not a sales process, so owners would get no money in return for their Orange Lake timeshare. In fact, many of these companies have been forced to close by the courts due to unscrupulous practices or are under Attorney General investigation.

Keep in mind that selling your timeshare is the best plan if you want to get some money back for your ownership. There is a market for your timeshare, but if you are just looking to get rid of your Orange Lake timeshare instead of selling it, you can try contacting Orange Lake Resort to see if they will take it back.

Under the Holiday Inn Club Vacations brand that now operates Orange Lake, the program is called Horizons and is designed to potentially take back ownership depending on what you own. You would need to qualify for the program with no liens on your ownership and all fees paid, and there is no guarantee they will take it back. But you can contact them and see what they say.

Even so, the question becomes why would you want to just get rid of your Orange Lake timeshare when you can sell it? You can use the services of an advertising company or a licensed timeshare brokerage firm to find a new owner for your timeshare and make some money in the process.

The only program that Holiday Inn Club Vacations has for owners to potentially relinquish their ownership is the Horizons program. However, that is designed as a take-back program as there is currently no Holiday Inn buy back program. This has been exacerbated by the impact of COVID on the timeshare resorts and their reluctance to increase expenditures.

The difference between take-back and buy back is whether an owner gets paid to hand over their timeshare to the company. The Horizons program is meant for owners who have been long term owners with paid-off mortgages and up to date paid annual fees. Holiday Inn will discuss the status on a case-by-case basis to see if the owner qualifies for the program, and there is no guarantee that the owner will be able to hand back their ownership. In this case, the owner would only be relieved of their responsibilities with no money exchanged.

Technically yes, you could just walk away from your timeshare. However, there are repercussions for doing this.

First is the possible negative hit on your credit score for walking away from your ownership. The resort or management company has the right to report you as a delinquent payment to the credit bureaus, which would translate into the hit on your score. Your resort could also foreclose on your ownership, which would be an even larger hit to your score. In some states this could be a non-judicial foreclosure, but in other states this could mean going through the courts.

If you have a mortgage attached to your ownership then this becomes more complicated since the mortgage isn’t necessarily tied directly to your timeshare but could be seen as an unsecured loan. In this case, even walking away from your timeshare would still leave you obligated to pay back the mortgage.

It makes more sense to contact your resort first to see if they have a hardship program to take back your ownership. If not, selling on the timeshare resale market is always a better option than facing possible foreclosure.

This is really a two-part answer depending on what is meant by the request to stop paying a timeshare. For many timeshares, there are two payments that are made; 1) to the resort in the form of annual maintenance fees and 2) the mortgage payments made to the financial institution.

If you stop paying your timeshare maintenance fees, then this would result in the resort or management company possibly getting a collection agency involved to obtain the delinquent fees. Most companies start by reaching out to you first but usually collections is the next step, followed by reporting to the credit bureaus and the impact to your credit score. You could also face possible foreclosure on your timeshare and the larger impact this would have toward your credit.

In the case of a mortgage, in many cases the mortgage is set up as an agreement between the owner and the financial institution as an unsecured loan. That loan you signed up for at the resort can be sold off to a third-party mortgage company, similar to the way a home mortgage can change hands from one institution to another. If you stop paying a timeshare mortgage, especially if it is an unsecured loan, then the financial institution can use any legal means they have to recoup the outstanding amount of the loan plus any fees that may also be incurred.