KRudd
TUG Member
Does anyone know if this is a legit company or another scam? The fees are considerably lower than most companies advertising to 'take your timeshare off your hands'. Comments? Suggestions?
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On the Spot Timeshare Disposal
- Thread starter KRudd
- Start date
DeniseM
Moderator
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Is there an upfront fee?
What do they do with the timeshare?
Some use the viking ship model - they deed them to an LLC and then bankrupt the LLC - that's not legal or ethical.
Some take your money, but never actually transfer the deed out of your name.
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.:
To make it more attractive I would:
Good luck!
What do they do with the timeshare?
Some use the viking ship model - they deed them to an LLC and then bankrupt the LLC - that's not legal or ethical.
Some take your money, but never actually transfer the deed out of your name.
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
-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.
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!
Last edited:
bogey21
TUG Member
If you own at an independent, you should persue a deed back to your HOA. It has taken me three years and a lot of persistence but I have managed to do this successfully with 4 different resorts.
George
George