I went to a presentation from a company called Encore Law last night. They claim that they can legally remove your ownership from the timeshare so you don't owe any more maintenance for a fee. Has anyone dealt with this company?
If you didn’t have so many posts I‘d dub you a scammer for posting this, because the company you’re referencing sure sounds like another one of the sham exit companies. Hard to believe you’ve been around TUG this long and you still think a company like might be legit.
You own a lot of great timeshares and have been a member of TUG for a long time. If you are trying to give away Misner (I thought it was Mizner), I would bet someone would take it free from a TUG free listing. I doubt you would want to walk away from a Hilton resort.
I didn't post this as something that I was recommending. I was just interested if anyone had experience with this company. There have been posts on TUG from attorneys that have stated that you can't just walk away from you timeshare when you no longer want it and need it even when you die. They have stated that your estate becomes responsible for the maintenance even if the beneficiaries of the estate don't want the timeshares. My concern is I don't want that to happen so I am looking for legal ways to assure that it won't. This company touched on those issues and made me feel that they could be legit.
That is not what they stated. Your estate is responsible for divestment of the deeded real estate property.
So what if no one wants the timeshare including the developer or the HOA since then they have to pay the maintenance.
Hilton will probably take them back, and Hiltons have actual value, so I am sure you can give them away or even sell on TUG. Don't know about Mizner, but it used to be a nice resort. If no one wants it, I would just send a letter telling them you aren't paying for it anymore.
I’ve got major issues with this company. They claim two addresses, one in Tennessee and one in Texas. According to the state of Tennessee there is NO RECORD of a company called Encore Law, Inc (their legal name per their website). That makes them operating illegally in the state of Tennessee. There is a record of that entity in Texas with an incorporation date of April 2023. If they are doing business in states other than Texas then they are required to file as a foreign corporation in that other state, something they apparently have not done. Their website was created in March 2023 so less than one year old. They claim on their website that they are the “#1 source for advocacy for timeshare owners” (says who exactly?) and that they have collected refunds of more than $20,000,000 for timeshare clients. They also state “For nearly 20 years, our legal network has been advocating for timeshare owners”. They also have claim to have a Customer Service Champion Trophy / Legal Excellence Award. Looks like something they created with photoshop. All this for a company less than one year old according to their website and legal entity date. Worst of all, they are BBB accredited. This company has my BS meter going wild.
www.conchovalleyhomepage.com
www.silveredgecoop.com
The posts you are referring to mentioned what could or would happen and what the executor should do. Though it is good to unload them in advance if possible. No need to make the estate have to deal with it if you can avoid it.
That's great that you have so much information or lack of about this company. That was the reason I posted my attending the presentation to get feedback. My husband and I walked down Kalia Road to Lewers to attend this presentation, had a nice free dinner, and a $25 gift card. We listened to what they had to say and walked home. When we are in Honolulu we are not on vacation so spending a couple of hours listening to their presentation and eating a free dinner is a cheap night out in Honolulu on their dime.I’ve got major issues with this company. They claim two addresses, one in Tennessee and one in Texas. According to the state of Tennessee there is NO RECORD of a company called Encore Law, Inc (their legal name per their website). That makes them operating illegally in the state of Tennessee. There is a record of that entity in Texas with an incorporation date of April 2023. If they are doing business in states other than Texas then they are required to file as a foreign corporation in that other state, something they apparently have not done. Their website was created in March 2023 so less than one year old. They claim on their website that they are the “#1 source for advocacy for timeshare owners” (says who exactly?) and that they have collected refunds of more than $20,000,000 for timeshare clients. They also state “For nearly 20 years, our legal network has been advocating for timeshare owners”. They also have claim to have a Customer Service Champion Trophy / Legal Excellence Award. Looks like something they created with photoshop. All this for a company less than one year old according to their website and legal entity date. Worst of all, they are BBB accredited. This company has my BS meter going wild.
@STLBBB I know this is not your area but how in the heck does a company less than one year old, in an industry full of scammers, and that has unbelievable claims on their website, end up BBB accredited that also shows their start date of 2017? In my humble opinion, this is giving a false sense of security to potential customers of this company.
Edited: There is nothing that I can find that this company existed before March 2023. All the self promotion fluff articles that I find were written in December 2023.
Here is a self promotion article touting their $20M in customer refunds.
Encore Law Leads in Timeshare Exit Services with Over $20 Million in Client Refunds
Setting the Standard in Timeshare Dissolution with Personalized Solutions and Proven Results. UNITED STATES, December 9, 2023 /EINPresswire.com/ -- In the competitive market of timeshare exit services, Encore Law Legal Network emerges as a front-runner, having secured over $20 million in refunds...
Here is another self-written piece on how they obtained a $50K refund with no specifics at all.
SilverEdge Cooperative - Stock Quotes
Here is one where they claim they were founded in 2007.
Encore Law Legal Network Celebrates Helping Over 600 Individuals Escape Timeshare Burden in 2023
This experienced timeshare resolution firm empowers clients to relinquish ownership hassles and financial burdens.Encore Law Legal Network, a leading player in the timeshare resolution...www.htv10.tv
I think this company is making up a bunch of stuff. They seem to have done a lot in 11 months of existence. Maybe the BBB can request proof of all their outrageous claims.
Brian, read some of the posts on the thread: Did I just inherit this? Particularly from LeslieDet.
So, there was a thread a few months ago where LeslieDet and I went back and forth on this issue. We are both attorneys, and we both do some work in this field. I don’t want to rehash that disagreement, however I would just say that I think the view that an executor’s fiduciary duty to an estate extends to opening an ancillary probate solely for the purpose of trying to dispose of or deed back worthless property that nobody wants is a minority viewpoint. This does not constitute legal advice, however I am unaware of any reported instance where a timeshare company successfully (or even attempted to) go after an executor who had otherwise paid all outstanding liabilities (including maintenance fees/mortgage) simply because the executor failed to open an ancillary probate to abandon worthless property in another state. I think it is extraordinarily unlikely that any such action would succeed, and no developer or HOA would bother even trying it for that reason. Candidly, I can’t even think what the argument would be as to what the “damages” are for liability purposes given that we are talking about a property where everything was paid up at the time the estate was closed.
I have a family member who was a partner in a very large law firm with offices across the country. While he was giving us a tour his new multi-million home in a big city back during the Great Recession he casually told us he had stopped making house payments because, with the drop in property values, his home was worth less than what he owed. I asked why he would do that given he could clearly afford to keep paying his mortage? I will never forget this lawyer's reply, "Both sides assume risk when entering into a contract."
Please share details of the presentation. What were they claiming? What did they want to charge? Surely there had to be truth stretching and outright lies. Thank you.
Are you looking to use this company? You say you attended their presentation. How much are they charging people to use their "cancellation" services? Are they charging thousands of dollars to TS owners who could do the same thing themselves for a lot less money?
I understand that what you posted was NOT legal advice. However, you do express the same thoughts that LeslieDet did as far as the liability that owning a timeshare represents and the liabiltiy that carries to ones estate. We are in our 70's and are now vacationing less since we live in the place we love and usually used all our timeshare to visit - Honolulu . Therefore, we have more timeshares than we need. Perhaps in our 80's we may stop vacationing altogether and will want to stop paying the maintenance on all the timeshares. We don't care if they foreclose or anything that doesn't cost us money. Our children, who would inherit our estate, do not want the timeshares. That is where we are.
I am NOT planing on using this company, I said that earlier. They are charging 1/2 of the mainteance that you would have to pay for the next 10 years to legally get your name off the deed.
