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Timeshare exit team

bumpynappy

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I am probably the oldest timeshare owner on the planet, owned White Sands of Longboat key since 1982. I'm done, live in Seattle area and hear an ad for a Co called Timeshare Exit Team. They guarantee 100% success rate in selling your timeshare. Anyone out there dealt with them . Would love your feedback.
Susanne
 

DeniseM

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Hi and welcome to TUG!

This is the rule of thumb with timeshares offers: Never pay an upfront fee.

Reputable brokers charge their fee AFTER the timeshare is sold, out of the proceeds of the sale.

Look at it this way: If you pay them upfront, what motivation do they have to actually try to sell your timeshare? They already have your money!

Before you consider using a company like this, please consider giving your timeshare away on TUG - it's FREE!

More Info.: How can I give my timeshare away on TUG
 

sue1947

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This was discussed last fall in this thread: http://tugbbs.com/forums/showthread.php?t=218866
I've also heard the commercials and noted that they started out with the 100% guarantee but have since changed it to add the caveat that they will give you your money back if they can't get rid of it. They also started by claiming to be lawyers and then backed down on that. I'm very skeptical given their big promises at the beginning. They set up shop in multiple cities at the same time and bought a lot of airtime in those cities so there's a fair amount of money behind whoever they are.
The bottom line: you signed a contract and the question is how to get out of that contract. There's no magic bullet. The easiest option is to sell it, but what if it has no value? Then try to deed it back or give it away. All of those options are available on tug for free. If you want to pay somebody else to do it for you, give them a try and report back if you are satisfied.

Sue
 

TUGBrian

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55plus

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If you want out of it you may be able to give it away here on TUG or sell it for $1 on eBay. Never pay anyone any money to sell it or rent it for you...
 

rapmarks

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I don't know anything about the resort, but the location sounds good. I would list it here. Is it a fixed week and what is the maintenance fee?
 

aimhighairforce

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Hello, Im new and just joined today out of frustration with the loads of BS so many companies have out there regarding timeshare divestment.

I actually spoke with the folks here representing TSExit in colorado springs and had to laugh. They wanted 4K (yes four thousand dollars) up front to magically make my timeshare divestment go thru. I was not amused and promptly walked out.

Question: this should be a simple process when you look at timeshare divestment. If I want tires I simply google "tires" and there are a million references. If I want to know if about car safety I can find that…….why can't I find a list (a real list) of names of approved or vouched for regarding companies that provide these services on timeshares? Why does it have to be like picking trash out of a dumpster? Why can't someone say "hey, you're in Orlando……or Florida….here's a good list of folks we (TUG or whoever) have dealt with that have done good work and have an excellent reputation.

If Im out of line or in the wrong area I apologize, but Im a little frustrated here.
Sorry if this is perceived as jacking the thread.
 

DeniseM

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why can't I find a list (a real list) of names of approved or vouched for regarding companies that provide these services on timeshares?

If you have a timeshare with bone fide resale value, there are reputable timeshare brokers who would be glad to list and sell it for you.

If your timeshare has no resale value, and most do not, it's a do-it-yourself proposition.

*I see that you already posted your Ad on TUG - I'd also post it on other Timeshare classified websites.

I would also use www.redweek.com and Craigslist, myself. (I just gave away a timeshare on TUG, and another one on Craigslist.)

***If you are really asking: "Why can't I find a legitimate company to get my contractual obligation LEGALLY cancelled," it's because there is no such animal. You signed a contract, and even though you no longer want to own this timeshare, the contractual obligation is still legally binding, so there is no magic way to make it go away. That is the bottom line.
 
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DeniseM

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there has got to be someone a person can pay to make this go away or be dissolved.

That's not how contracts work - you can't just unilaterally cancel a contract - there are repercussions.

If you are ready to bite the bullet, you can go through foreclosure.

If not, then I recommend an all-out campaign to give your timeshare away.

*I just gave away a timeshare with "negative" resale value. I posted Ads everywhere, and followed up weekly, but I actually gave it away by posting on Craigslist in the area where the timeshare is. It took me 6 mos., but it IS doable.
 
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LannyPC

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there has got to be someone a person can pay to make this go away or be dissolved.

Donate For a Cause has been discussed numerous times in these forums (just use the search function). If you pay them and they agree to it, they will take possession of your timeshare. Once they sign themselves as the new owner, then you no longer legally are. It would, in essence, be "someone a person can pay to make this go away or be dissolved".

The thing we caution about companies and charities like this is that they charge thousands of dollars (probably about $3000-$4000)! If you are willing to do a little work and be patient, there are other ways that have been emphasized in this thread to divest yourself of ownership that are thousands of dollars cheaper.

The other thing we caution people who are in your situation against is what we like to call "Viking Ship" operations. They might "only" charge about $1000 but do a risky and possibly illegal procedure that could come back to you and bite you in the ***.

But hey, it's your time, your money, and ultimately your decision which route to take.
 

theo

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No magic beans, no pixie dust...

there has got to be someone a person can pay to make this go away or be dissolved.

As pointed out already, you voluntarily entered into a legally binding contract; you can't now reasonably expect to just somehow magically "make it go away" or unilaterally "dissolve" it.

That being said, have you made any formal inquiry directly to the facility at issue, to see if they might accept your deed in lieu of foreclosure (a.k.a. "deedback")?
It certainly can't hurt (and costs you absolutely nothing) to at least ask.
 
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SunLover2

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I am probably the oldest timeshare owner on the planet, owned White Sands of Longboat key since 1982. I'm done, live in Seattle area and hear an ad for a Co called Timeshare Exit Team. They guarantee 100% success rate in selling your timeshare. Anyone out there dealt with them . Would love your feedback.
Susanne

Susanne -
List the pertinent information - fixed week, 1 or 2 bdrm, Maintenence Fee per year. I bet it will be taken before the day is out.
 

DeniseM

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Bill4728

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RE the Timeshare Exit Team

The biggest problem accepting the advice about this company is that they advertise a lot on the local Seattle radio stations using the well respected on-air personalities as their spokespeople. You just do not expect to be scammed by a company with that kind of presentation.

Then again we all have seen ads with famous spokespeople for other business which turned out to be somewhat shady.
 

n777lt

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Timeshareexitteam now advertising in Chicago market

Oy. Driving to the Loop during morning rush today, I heard for the first time an ad from timeshareexitteam.com -- guaranteeing they'll get you out from under maintenance fees, etc. "or your money back." This is on WBBM-FM, a CBS affiliate (the new radio home of the Chicago Cubs, so you can imagine their judgment's a bit suspect ;))
 

1Kflyerguy

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For what its worth, i just started hearing radio ads for these guys in the SF Bay Area on the biggest AM News Talk station.

Sounds like the same format, one of the on-air personalities talks about how bad timeshares are, and the these guys will save you and your kids from the dreaded costs.....
 

TUGBrian

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sad to think of all the unsuspecting folks who will fork over thousands of dollars to these guys.
 

raygo123

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Some are informed. We owned Wyndham lake lure since 1988, a resale for $3500.00. Yes that much I'm now tuning it over to ovation. We have decided to go retail.
We only buy with cash in cash out. NO debt. Up to gold.

Sent from my Nexus 7 using Tapatalk
 

TUGBrian

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absolutely nothing wrong with doing your research on both retail and resale, and then deciding that retail is the right move for you.

Many folks think TUG is somehow against retail, we arent at all! We are against buying something (resale or retail) without knowing all of your options as is the case with far too many buyers in this industry.
 

davidvel

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These guys advertise in San Diego/Orange/LA as well. They call themselves a "Consumer Protection Firm," as if they are a law firm.
 

winger

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Just heard this commercial for TSExitTm this morning here in San Francisco area. Sound SO ligit, with 100% guarantee !

Question - do they offer some 'incentive' for going to a 'presentation' :D
 

rapmarks

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way back in the '60's, a Chicago radio personality named Howard Miller advertised Diamond Bell Ranch in Arizona. My aunt and uncle paid five or six thousand dollars for a two acre lot. they received letters about the beautiful amenities that were put up. they did move to Arizona, and I drove my aunt out to the property. Isolated desert with no amenities, no roads,no water, no electricity etc. My aunt paid property taxes on this land since the 60's, and in 2009, some clerk changed the address for some unknown reason. My aunt stopped getting the bills,, and when I attempted to get the address changed for her, it was no go. She owes about $900 in back taxes now, and we received an offer after a year on t he market for $750. closing costs bring the bottom line to sell the land without adding anything to it are $1700. So I can believe that scams are advertised by well known people.
 

Beacon888

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I believe this company can do what they promise under the Bankruptcy act in some Provinces and States in North America. We recently had a death in the family and our family member was in a bad debt situation. A public trustee took over all the assets and credit facilities including a debt owed to a timeshare. The Public Trustee was hired by the Executor of the Will wrote letters to all creditors and made a proposal to pay off only 1/3 of the debt and remove the individuals names from any further obligations.

Some creditors negotiated different amounts however it was resolved. After the sale of the home, there was still money left for some family members. Timeshare was given back to Hilton.

Our family hired a larger firm in Vancouver who deals with estates and larger debts like the mortgage.

Just wondering if someone wanted to get rid of a timeshare with debt owed why not go that route. The Public Trustee negotiates a fee with the creditors as well.

My opinion is this company is acting like a Public Trustee but only dealing with Timeshares and nothing else.

Just my opinion based on what my family experienced recently
 
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