@LasVegasTSowner Below is a copy/paste that I posted about another TS Exit firm. It holds true for this one too.
”This is one of many “exit” companies that are out there preying on timeshare owners. At best, you will pay THOUSANDS of dollars upfront to a company that has been in business for a little more than two years and that is operating in an unregulated industry. All they give you upfront is a promise that they will get you out of your timeshare. They may get some owners out and it is likely that their “successes” are open deedback programs that some resorts offer to owners, a program that owners could do themselves for much less. At worst, they take your money and you still have your timeshare and mortgage.”
Timeshare Freedom Group Is not going to be any different. Some red flags for me include:
- They claim to be in business for 10 years yet their website was created in 2017
- They do not have a BBB file. There are a lot of Yelp and Trustpilot reviews. It isn’t uncommon for some of these companies to post fake reviews
- They claim to have a money back guaranty. There is another “well known” timeshare exit company that is being sued by the Washington AG in part because they didn’t refund customers years after collecting the upfront fee despite their money back guarantee.
- Speaking about their money back guaranty they claim on their website that they are so successful that they have only had “2-3 instances” of having to refund. That sounds ridiculous to me if they have supposedly been in business for 10 years with over 14000 exits (their claim on the website).
- They are going to charge you THOUSANDS of dollars and you may very well still be stuck with your timeshare.
- They claim to have multiple physical offices across the country, including the Chrysler Building in NYC. This isn’t an industry that people walk into offices so that smells real fishy to me.
You have the right idea to try to find a buyer yourself. In addition to Redweek you can list it here on TUG too. Even if you paid 3 years of maintenance fees it will still likely be cheaper than paying a relatively unknown company in an unregulated industry a big fee upfront with their “promise” to get you out.
My suggestion is to create an ad and really “sell” the resort. Talk about nearby shopping, dining, and entertainment. Include features of the resort like pools, fitness center, kids activities, etc... A good place to start is all fees paid including 2021 MF. You can always sweeten the offer if it isn’t moving, such as a $500 VISA gift card at closing. I would think someone would take it at that point, and it will be significant less than any exit company and you control the closing so you know it will happen. A recommended company called LT Transfers (about $250) will handle all paperwork to ensure you are completely free of the time share.
Good luck!
