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Lonestar Transfer
- Thread starter gstiens
- Start date
- Joined
- May 20, 2006
- Messages
- 43,049
- Reaction score
- 15,222
- Points
- 1,299
- Location
- NE Florida
- Resorts Owned
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Marriott's Grande Vista
Marriott's Harbour Lake
Sheraton Vistana Villages
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.
tugbbs.com
How can I give away my timeshare on TUG?
Before you pay an upfront fee to someone to "take your timeshare off your hands," please consider giving your timeshare away to a private individual who would like to own it. Why? -You can give it away yourself for nearly no cost. -You can control the transfer process to make sure it is truly...
tugbbs.com
RX8
TUG Member
- Joined
- May 5, 2011
- Messages
- 3,661
- Reaction score
- 3,717
- Points
- 449
- Resorts Owned
- HGVC and DVC
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
Carolinian
TUG Member
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.
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.