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Lonestar Transfer

gstiens

TUG Member
Joined
Sep 4, 2018
Messages
6
Reaction score
0
Resorts Owned
Spinnaker, Shipyard Plantation, Hilton Head
Anyone have experience with this company? We own at Hilton Head, Spinnaker.
How costly is it?
Gary
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,903
Reaction score
20,334
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Lonestar is a timeshare exit company that will take your money and do nothing for you that you can't do yourself for free. They may even just have you stop paying and let it go to foreclosure. Yay, they got you out of your timeshare! But you could do that for free. These timeshare exit schemes are a waste of money. Have you tried giving it away for free? I mean for FREE. $0 and you pay all closing costs.
 

RX8

TUG Member
Joined
May 5, 2011
Messages
4,234
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4,651
Resorts Owned
HGVC and DVC
 

Carolinian

TUG Member
Joined
Jun 6, 2005
Messages
10,742
Reaction score
1,023
Location
eastern Europe
These exit companies are scams, all of them. During the years I was an HOA board member at a sold out resort, we would always negotiate with our owners on a deed back, because it was quicker and cheaper for the HOA than going through a foreclosure. I have heard that some developers can be jerks to deal with, of course, but most will see reason.

One of the worst scams I have seen was one of these exit companies taking thousands of dollars from a widow to "exit" three summer weeks on the Outer Banks, at least one of which at Barrier Island Station Duck. Those weeks could easily have been sold on the OBX resale market for at least a couple of thousand each, but his "exit company" scammed the woman to pay them thousands and then turned around and sold the weeks on eBay.

The market value of a timeshare depends on location, season, maintenance fee, and market demand. Some do have only marginal value, but some have a decent value and are easy to sell. The exit company cons you out of thousands, regardless of which category your week falls into.
 
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