"get out of your timeshare" advertisements

[montecristo47]

Hello all, I am wondering about all of these mailings from
Timeshare guidence
Timeshare free
Transfer America etc. that want you to pay an upfront fee to a "title company"
and rid you of your timeshare by transferring the title and ownership to them or some unnamed third party company.
This sounds like the same sort of scam that wants an upfront fee because they have a buyer or want to sell if for you. Just a different approach.

How does one legally get out of a timeshare????

Thanks

 

[timeos2]

Hello all, I am wondering about all of these mailings from
Timeshare guidence
Timeshare free
Transfer America etc. that want you to pay an upfront fee to a "title company"
and rid you of your timeshare by transferring the title and ownership to them or some unnamed third party company.
This sounds like the same sort of scam that wants an upfront fee because they have a buyer or want to sell if for you. Just a different approach.

How does one legally get out of a timeshare????

Thanks

Find a buyer or a willing taker (give it away). Still cheaper than those groups you mention above that often take your money but never actually transfer the title legally.

By finding a taker yourself and getting a closing done & recorded you've met your obligations and know for a fact you are no longer liable. Not so with the "groups" collecting money for no or maybe even illegal "services".

Don't try to deal with them unless you don't need the money or really don't care if you are actually no longer the legal owner of the timeshare.

 

[DeniseM]

Please consider giving your timeshare away to a private individual who would like to own it, before you spend a cent with a company like this.

Why?
-You can give it away yourself for nearly no cost.
-You can control the transfer process to make sure it is truly transferred out of your name.
-You won't have to deal with companies that may or may not be Legit.
-You can transfer it to a private individual who will be happy to have it for their own use.
-You will have the satisfaction of knowing that you ended your ownership legally and ethically.

There are two places on TUG where you can give away your TS's for free (no charge for the Ads.) There are other cheap and free sites on the internet, as well.

TUG Marketplace - the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)

Bargain Deals - Totally FREE! - just write a simple post with all the pertinent info. In your post, include the following info.:

-resort name
-unit size
-season owned
-maintenance fee
-current reservations​

To make it more attractive I would:

1) Pay the 2012 maintenance fees and don't ask for reimbursement.

2) Pay for the title transfer (you can get a simple title transfer with no escrow or title search for about $100.) Many people have used Tugger TTT (Alan) at Time Travel Traders for this service in the past, but he is retired and is referring most business to Lisa Short for this service - 1.706.969.8906 readylegal@gmail.com Lisa has been receiving good reviews on TUG.

3) Reserve a popular holiday week in 2012 for the new owner

4) Instead of paying a fee to a rescue company - consider offering a cash incentive to the new owner.​

Good luck!