• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Upfront fee cancellation company Timeshare Termination Team closes down

TUGBrian

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
25,813
Reaction score
12,691
Location
Florida
www.bbb.org

Timeshare Termination Team | Better Business Bureau® Profile

This organization is not BBB accredited. Timeshare Cancellation in Greenwood Village, CO. See BBB rating, reviews, complaints, & more.
www.bbb.org www.bbb.org

rumors have been flying for the past week that this company closed up shop unannounced leaving employees, and timeshare owners/victims hanging out to dry! Website generates a 404 error.

Guess that money back guarantee isnt all it was cracked up to be. never, ever pay large upfront fees to do anything with your timeshare.
 
Soon to return with a new name but the same old schtick. Same monkeys, new tree.
 
Last edited:
www.thedenverchannel.com

Former employee speaks out after timeshare termination company vanishes with clients' money

A former employee with the Timeshare Termination Team says she was just as shocked as clients when the company closed its office and vanished with people's hard-earned money.
www.thedenverchannel.com www.thedenverchannel.com

Googling "Timeshare Termination Team" now brings up a sponsored link to Primo Management Group, ostensibly in Orlando, which sounds like a clone. I was AMAZED at the amount of money people claim to have put into these schemes, as evidenced by info on the BBB site.
 
Seems to be getting clearer by the day that those heavily advertised timeshare "exit" & timeshare "cancellation" & timeshare "disposal" operations are pretty much all hornswoggles & bamboozles.

Apparently those operators see the population of people previously fast-talked into paying full-freight for timeshares as an ideal target for further extraction of money.

Shux upon them (the shady operators, I mean, not the people who got snookered).

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 
This was the company our local news station (Denver area) had on one of their daytime programs that I wrote about a few weeks ago.
 
yea, i see more and more of those news "shows" promoting entities like these... makes you wonder how many additional victims they created with that veil of legitimacy.
 
As a matter of course, it is not a good idea to pay significant money upfront for anything that cannot be immediately delivered. We narrowly escaped a loss of $4000 when a leather sofa set we pre-ordered from (what we thought) was a reputable local furniture store suddenly went bankrupt. We were attracted by a "pay upfront for cash discount." Fortunately, the sales rep was a good person and shepherded the sofa delivery to our door from the manufacturer before the accountants shut everything down. Good lesson.
 
CalGalTraveler said:
As a matter of course, it is not a good idea to pay significant money upfront for anything that cannot be immediately delivered. We narrowly escaped a loss of $4000 when a leather sofa set we pre-ordered from (what we thought) was a reputable local furniture store suddenly went bankrupt. We were attracted by a "pay upfront for cash discount." Fortunately, the sales rep was a good person and shepherded the sofa delivery to our door from the manufacturer before the accountants shut everything down. Good lesson.
Click to expand...
So glad you got that sofa! There was a fitness center that was to open near our house, we went on a presentation and paid for a membership upfront, and it never even broke ground. We felt like suckers.

The second time we felt like suckers was our first timeshare purchase. Haven't felt that ever again. All of our other purchases were with our eyes wide open and no regrets.
 
One possible reason for the disappearance is that Vindaloo Travel Network LLC, Timeshare Termination Team LLC, and Brian and Holly Wilbur (apparently the masterminds behind the scheme) are being sued in federal court (by Bluegreen - !!) for false advertising, tortious interference with contractual relations, conspiracy to commit tortious interference, and violation of Florida's Deceptive and Unfair Trade Practices Act. The case appears to still be in the pretrial motions phase and there’s no telling how it will turn out, but litigation is expensive and the ultimate judgment could be substantial. Shutting down and disappearing with other people’s money could be a means of either paying for their legal costs, becoming judgment proof, or trying to get beyond the reach of the law (or some combination of the three). Case No. 20-cv-25318, Southern District of Florida if you want to look it up.
 
TIMESHARE OWNER = EASY TO SCAM

THERE YOU HAVE IT ,
 
chaparrusa said:
TIMESHARE OWNER = EASY TO SCAM
Click to expand...

That's because, in the eyes of the scammers, if you were gullible enough to fall for the sales presentation, you're gullible enough to fall for other TS-related scams. For instance, why don't I get dozens of calls each year from people wanting to sell my house, computer, car, or TV for big bucks?
 
Timeshare is an odd product. One that very few people do considerable research for when buying and again when trying to get rid of it. People spend more time researching and reading reviews of the next phone or microwave they plan to buy than they do researching a timeshare purchase.
 
I agree with @dioxide. People buy developer for several reasons:

1) Confused by a complicated product. Lack of awareness. Little research on more cost effective alternatives. Painful but won't bankrupt
2) Fear of getting scammed. Fueled by scams by the timeshare exit teams and on Ebay. At least you know your product is legit from developer.
3) Professionals with plenty of money, Don't have time to look for deals. No desire to try.
4) Cannot afford. Gullible. Should not be considering a timeshare.

Some developers are differentiating their product with access to elite, more resort booking options and flexibility. For example, MVC with non-enrolled resale, HGVC lack of access to elite, Vistana voluntary, Disney Riviera. Some people value those choices just as they would a new car versus a used car.
 
Last edited:
I have been watching DVC resales lately and they are getting stupid. I see people asking for $200 a point for a 50 point contract at BLT. The problem with that is that you can by a 50 pointer at Riviera for $201 a point direct from Disney if you already have the blue card. I think it requires 125 points if you are a new owner. Disney is one of the few timeshares that is easy to sell, the Riviera resale restrictions not withstanding. I would be a 50 point resale at Riviera if I saw one at a reasonable price. I don't care about the restrictions, I want to stay there.
 
update to this...appears they filed for bankruptcy protection citing 25m owed, and 8k in assets.

all those owners money appears long gone

eminetra.com

Bankrupt timeshare windup firm to liquidate; owes $25M - Denver, Colorado - Eminetra

Denver, Colorado 2021-10-11 07:08:52 – The timeshare end team appeared in the advertising program “Colorado Review” announced by CBS Denver. They wanted to get out of timeshare. Now they are creditors of the bankruptcy court. A Greenwood Village company that advertised that it would help people...
eminetra.com eminetra.com
 
They must siphon the profits out pretty quick. And why would they owe $25 million. Is that what they took in from owners that they owe back because of no results?
 
kanerf said:
I have been watching DVC resales lately and they are getting stupid. I see people asking for $200 a point for a 50 point contract at BLT. The problem with that is that you can by a 50 pointer at Riviera for $201 a point direct from Disney if you already have the blue card. I think it requires 125 points if you are a new owner. Disney is one of the few timeshares that is easy to sell, the Riviera resale restrictions not withstanding. I would be a 50 point resale at Riviera if I saw one at a reasonable price. I don't care about the restrictions, I want to stay there.
Click to expand...

i originally purchased a small DVC 50pt contract direct - at the time what resale was charging for closing costs on the small contract and the narrow gap in pricing because it was a small I wound up paying less through disney and getting a contract that had 15 more years…IMO small contracts resale just aren’t worth the aggravation
 
dioxide45 said:
But for some reason, they seem to sell at a premium on resale.
Click to expand...

they 100% go for a premium - enough that I don’t see the benefit in the resale for under 100pt contract. The kicker is DVC actually uses their ROFR- and quite often lately, so odds are if it’s a great deal @ a popular resort they just snatch back anyway. The good thing about buying small direct the 50 Pt contract I bought 5 years ago would sell for just about what I paid for it.
 
DVC is an outlier that represents a tiny slice of the timeshare business. You can't use it as a yardstick for the rest of the industry.
 
Wow, one person states they paid TET $24,500 to be rid of their timeshare. What in the world?!?!?

Wondering how Dave Ramsey feels about this development? Anyone feels like calling in his show to inquire?
 
mjkkb2 said:
Wow, one person states they paid TET $24,500 to be rid of their timeshare. What in the world?!?!?

Wondering how Dave Ramsey feels about this development? Anyone feels like calling in his show to inquire?
Click to expand...
Dave has had this come up on his show several times. He seems to still back the company, though they no longer sponsor his show. He was being compelled to provide a deposition in the case of Washington vs. Timeshare Exit Team, but I think he may have got out of that after it was announced that Washington had fined timeshare exit team $2.6 million in part of their settlement with them. I wonder if Dave is paying part of that $2.6 million to avoid the deposition?
 
You must log in or register to reply here.
Top