Experience with Resolution Timeshare Cancellation??

[Morog1766]

I have tried selling/giving away my biennial week at Vacation Village at Parkway via RedWeek and TUG. I want to get this off my books and not leave it to my kids to deal with.

My research has shown Resolution to have great reviews, reasonable costs, 90%+ success and low pressure.

Anyone have experience with them? Or other services?

 

[Fido Chuckwagon]

I have tried selling/giving away my biennial week at Vacation Village at Parkway via RedWeek and TUG. I want to get this off my books and not leave it to my kids to deal with.

My research has shown Resolution to have great reviews, reasonable costs, 90%+ success and low pressure.

Anyone have experience with them? Or other services?

All timeshare cancellation services are scams. All of them. Your options (assuming it is paid off are):

1. Try to give it away here on Tug in the giveaway forum (definitely possible and worth trying);
2. Contact the resort to see if they have a deedback program; or
3. Default.

Do not give your money to any company promising to help you “exit” your timeshare. Your best case scenario is that the company you hire just tries to do one of those three things for you, while charging you thousands to do it, and your worst case scenario is they do nothing or try to get you to give them more money. Again, all timeshare exit companies are a scam, don’t do it.

Defaulting is not the worst thing in the world. They will eventually foreclose and it will be “off your books.” If all you owe is maintenance fees there’s a good chance it won’t even affect your credit.

 

[Morog1766]

I have offered the deed back to VV, no interest. I have it listed on TUG & RedWeek for $0, no interest on either site. Fully paid, just maintenance fees and it hanging over our head. I am very reluctant to go default route

RTC contract has a money back guarantee. If they don't get cancellation in 24 months, full refund.

 

[RX8]

I have offered the deed back to VV, no interest. I have it listed on TUG & RedWeek for $0, no interest on either site. Fully paid, just maintenance fees and it hanging over our head. I am very reluctant to go default route

RTC contract has a money back guarantee. If they don't get cancellation in 24 months, full refund.

Guarantees are going to be worthless. Why pay thousands of dollars to gamble on a company in an industry (exit industry) that is 98% scams and 2% bad value (the 2% are companies just doing deed backs or giveaways).

Take 1/2 of what you would spend on the exit company and make it a Visa card upon successful closing. I would bet that it wouldn’t take long to find a taker. You would save money and you would be guaranteed to be done with the timeshare.

 

[montygz]

How much do they want? What if they disappear in 24 months?

Perhaps instead of just offering it for $0 you need to add more incentives to sweeten the deal. Instead of paying an exit company use the money to find a real owner.

 

[hrmoreau]

For their "guarantee" they will tell you to stop paying your dues to get out of your account. You will probably decline that option and then they will state that you declined their guarantee. This is a 100% scam company.

 

[dioxide45]

Their guarantee is worthless. As are all the guarantee offered by timeshare exit outfits. You know what they will do when you pay them all the money? They will tell you to start forwarding all correspondence to them, and not communicate with the timeshare entity. When you forward them the MF bills, they won't pay them. They will tell you not to pay them. Thus resulting in the same default that you want to avoid. Defaulting is a viable method to get out of the week and force VV to take it back through foreclosure by the HOA.

 

[TUGBrian]

want out using the same solution as an exit company but costing you nothing? stop paying for it!


the suggestion above to take even a fraction of the money you were going to pay the exit company (to stop paying for it) and instead use that to cover closing/transfer fees, and even next years maintenance fees and this will improve your chances of finding someone to take it off your hands by an order of magnitude!

I really think you have a good shot at giving that away especially as its an rci points ownership! (also edit your listing to put the fact that you will pay all closing costs in the ad title, vs at the end)

 

[WorldT]

I have offered the deed back to VV, no interest. I have it listed on TUG & RedWeek for $0, no interest on either site. Fully paid, just maintenance fees and it hanging over our head. I am very reluctant to go default route

RTC contract has a money back guarantee. If they don't get cancellation in 24 months, full refund.

The (insert company name here) can not do for you, what you can't do by yourself. It doesn't matter the name of the company. The either do a deedback if the resort has one, sell it to someone else, or default on your behalf. You can do all the above yourself. It is on your behalf because until the title is registered under someone else's name, it is still yours. Don't let contracts fool you. So why pay them? Instead as @TUGBrian said above, use the money you would have paid them as an incentive for the buyer.
Just FYI: structure the incentive to be transferred to the buyer at closing. There are people who will take the incentive and run.

 

[LannyPC]

My research has shown Resolution to have great reviews, reasonable costs...

Where did you read these reviews? And like many reviews for these TS exit companies, these reviews rarely (if ever) state how much the customers paid. Did any of the glowing reviews you read state how much the customers paid? How much is RTC going to charge you?

 

[VacationForever]

Because it is fraudulent / scam, their 24-months money back guarantee means nothing. You won't get any money back because it is not a legitimate business.

 

[Fido Chuckwagon]

RTC contract has a money back guarantee. If they don't get cancellation in 24 months, full refund.

They will consider having you default, and a foreclosure as “cancellation” and you won’t get the full refund. Again, every timeshare exit company is a scam. Just default. Paying an “exit” company is lighting your money on fire.

 

[LannyPC]

I am very reluctant to go default route.

But that's what these exit companies get you to do. They just lead you to believe that they're working hard behind the scenes to get you out of ownership of your TS via a different method.

I don't know if you've been in contact with this company but has this company explained what it will do to get you out of your ownership? How much is this company going to charge you?

 

[WorldT]

But that's what these exit companies get you to do. They just lead you to believe that they're working hard behind the scenes to get you out of ownership of your TS via a different method.

I don't know if you've been in contact with this company but has this company explained what it will do to get you out of your ownership? How much is this company going to charge you?

No need to ask for an explanation. No company has access to a process to get you out of a timeshare that you cannot do it yourself.
Besides, nothing stops them from making up a story about what they will do. They will make it sound good and convince you. The magical "MONEY BACK GUARANTEE".

 

[LannyPC]

The magical "MONEY BACK GUARANTEE".

But of course, the big question, how much money are they not going to give back because they got you out of ownership after defaulting for 24 months?

 

[rickandcindy23]

Doesn't matter what the name of the company is, doesn't matter that they have "good" reviews. That is all fake. All of it. These companies show up with a new name, but they are all the same. They are criminals stealing money from people, then they disappear.

There was a company near us that had an office in the Denver Tech Center, and one of the news channels that promotes businesses (for a price) on a 60-minute mid-morning daily show had to apologize for talking up one company that looked so legitimate on TV with the news correspondent interviewing the "lawyer" who was going to help all of these poor people "exit" their timeshare contracts.

Hundreds of people paid this company thousands of dollars. One woman complained to the news station that the office of the timeshare exit company was now closed. Sure enough, the news correspondent visited on camera, and the office was empty.

This was a big scandal in Denver and a black-eye for the news station.

 

[RX8]

Good reviews don't mean anything. Dave Ramsey endorsed the Timeshare Exit Team. They had good reviews along with the "expert" promoting them. They were sued by the Attorney General and is now out of business.

Resolution Timeshare Cancellation is founded by Steven Lasser. They have a link called "Our Attorney" in which they tout the expertise of a Myron G. Lasser. He is a legit attorney, and I would guess a relative of the owner based on the last name. The “our attorney” implies that this attorney is working for timeshare owners. However, that is not true because there is a statement that this attorney does not handle cases for clients. It appears that Resolution Timeshare Cancellation simply hitched their bandwagon to a 91-year-old attorney to give the impression that this is where the timeshare owner's hard-earned money is going.

 

[RX8]

Are you thinking of using an exit company?

Don't do it! New exit companies keep popping up all the time. There is no regulation so anyone, even criminals, can call themselves an exit company and begin soliciting for money. They all start off the same - glitzy website, no complaints on the web, big promises, some companies with glowing...

tugbbs.com

 

[TUGBrian]

Doesn't matter what the name of the company is, doesn't matter that they have "good" reviews. That is all fake. All of it. These companies show up with a new name, but they are all the same. They are criminals stealing money from people, then they disappear.

There was a company near us that had an office in the Denver Tech Center, and one of the news channels that promotes businesses (for a price) on a 60-minute mid-morning daily show had to apologize for talking up one company that looked so legitimate on TV with the news correspondent interviewing the "lawyer" who was going to help all of these poor people "exit" their timeshare contracts.

Hundreds of people paid this company thousands of dollars. One woman complained to the news station that the office of the timeshare exit company was now closed. Sure enough, the news correspondent visited on camera, and the office was empty.

This was a big scandal in Denver and a black-eye for the news station.

oh wow, is there a video of that story?

 

[RX8]

@TUGBrian That would be the timeshare termination team that I mention in my last post above. Here is the TUG link to the story.

Denver local story of a woman who used Timeshare Termination Team to "exit" her timeshare, advertised on that local channel

https://www.thedenverchannel.com/news/contact-denver7/grandmother-says-she-is-out-14-000-after-paying-company-to-break-timeshare-contract This woman saw the commercial on channel 7 in Denver and used the company to get rid of her timeshare or her money back. $14,000 later, the company has...

tugbbs.com

 

[rickandcindy23]

@TUGBrian

Here it is: https://www.denver7.com/news/contac...rmination-company-vanishes-with-clients-money

 

[rickandcindy23]

Dave Ramsey was probably deeply embarrassed after the deal with Timeshare Exit Team. That company was advertising with every news program out there, and they raked in millions of dollars, but it was all a sham/ scam.

 

[dioxide45]

Dave Ramsey was probably deeply embarrassed after the deal with Timeshare Exit Team. That company was advertising with every news program out there, and they raked in millions of dollars, but it was all a sham/ scam.

Dave wasn't embarrassed at all. He touted how he was proud that they sponsored him. He said it on multiple occasions.

 

[TUGBrian]

and as far as I know that class action suit is still making its way through the courts!

saw a blurb recently (though the story was behind a paywall) that his request for arbitration was denied.

 

[WorldT]

@Morog1766
Good to see you became a member and stuck around. As you can see, there is no positive about a timeshare exit company. We are not a negative or pessimistic bunch here. We are just educated on how the system works and have seen so many people scammed it is just unbelievable.

You are guaranteed to waste money if you hire one. Instead, use that money to incentivise a buyer (incentive at closing only). I have not seen anyone mention anything about a deedback at VV @ Parkway. So their response is pretty much what you got already. If giving it away doesn't work and you are absolutely sure you can't use it, you may have to consider a default. It isn't the end of the world. An "exit" company is likely going to force you to default anyway.
Once again I ask, why pay someone money for something you can easily do yourself.