rfpete5287
TUG Member
Has anyone had experience with Lonestar Transfer office in Rockwell, TX. They state they are able to "legally and permanently transfer timeshare ownership from your name".
tis what sounds like a viking ship post card company...as described here:
http://tug2.net/timeshare_advice/timeshare_scams_revealed.html
This is kind of an old post, do you have any new information on Lonestar Transfer? I found this post searching about them, the post is kind of old
I called them and talked to the lady. They want basically 3 years of maintenance fees and guarantee you will have your name off the deed.
A zebra doesn't change it's stripes - if this was a scam in 2014 - it is a scam in 2016.
Human nature is to want to believe that there may be an easy out - but it's just not so.
If you have a timeshare you want to get rid of (and it's paid off) please consider giving it away on TUG - we have a forum just for that purpose:
How can I give my timeshare away on TUG:
http://www.tugbbs.com/forums/showthread.php?t=132509
<snip> Do people really take them? I was reading a site yesterday you can't pay people to take them because people don't want to pay the annual maintenance fees. And my aunt had to pay some other bill they sent her a few years ago for upgrades to the building or something like that.
So, I'm assuming Lonestar Transfer is a scam? Pity. We just purchased ours a month ago and want out. We are willing to take a personal loan out to pay mortgage and just sell it for less than 20% of what we paid. Would I use a forum to do so once it's paid? Also, how do we transfer deed into the buyers name?
If you have an outstanding loan, unknown "Lonestar Transfer" (certainly just another shady, parasitic "Viking Ship" scam anyhow) can't help you. Even a more legitimate entity can't really help you either if there is loan debt outstanding. Keep clearly in mind that in order to lawfully transfer ownership, you must first actually have lawful ownership and title, which you do not if / for as long as there is an unpaid loan balance.
You can either pay off the loan and then sell (or maybe have to give it away for free, if there is no demand for whatever it is that you bought) or you can simply stop paying anything more right now, default on the loan, lose the "product" to foreclosure and then take the inevitable negative credit report "hit". These are certainly tough choices, but you're in a tough spot and your options are few. Paying some scam "Viking Ship" operation that cannot possibly help you should not be among the options to consider for even a single moment.
Don't shoot the messenger, but if you paid inflated developer prices there is probably little or no chance that you could actually recover anywhere near 20% of your purchase price a month later. A review of comparable listings out in the resale market (take a look at TUG, RedWeek, eBay, MyResortNetwork.com, etc.) will give you a realistic picture of the resale value (if any) of whatever it is that you purchased.
The resale market doesn't care one bit what you originally paid --- the actual value in the resale market simply "is what it is now, today".
Good luck.
Thanks. We've resigned to the fact that we will first pay it off in full within the week then simply free it to whoever wants it. Lesson learned the hard way.
If you've decided to pay it off, maybe also consider at least getting some use out of it before just dumping it. On the other hand, I can also certainly appreciate that you might just want to wash your hands of it and put it all behind you if you now consider it to have been a mistake. Good luck.
If you have an outstanding loan, unknown "Lonestar Transfer" (certainly just another shady, parasitic "Viking Ship" scam anyhow) can't help you. Even a more legitimate entity can't really help you if there is loan debt still outstanding. Keep clearly in mind that in order to lawfully transfer ownership, you must first actually have lawful ownership and title, which you do not if there is an unpaid loan balance.
You can either pay off the loan and then sell (or maybe have to give it away for free, if there is no demand for whatever it is that you bought) or you can simply stop paying anything more right now, default on the loan, lose the "product" to foreclosure and then take the inevitable negative credit report "hit". These are certainly tough choices, but you're in a tough spot and your options are few. Paying some scam "Viking Ship" operation that cannot possibly help you should not be among the options to consider for even a single moment.
Don't shoot the messenger, but if you paid inflated developer prices there is probably little or no chance that you could actually recover anywhere near 20% of your purchase price a month later. A review of comparable listings out in the resale market (take a look at TUG, RedWeek, eBay, MyResortNetwork.com, etc.) will give you a realistic picture of the resale value (if any) of whatever it is that you purchased.
The resale market doesn't care one bit what you originally paid --- the actual value in the resale market simply "is what it is now, today".
Good luck.