Please help... was contacted by Resort Acquisitions Worldwide - are they legitimate??

[sb_sparky]

I was called today by a company called Resort Acquisitions Worldwide. I was very uninterested and was trying to get them off the phone but he swore they were a different type of company. They claim that they have tons of corporations that buy timeshares for "tax write offs". The corps can write off maintenance fees for 99 years and want timeshares.

They are offering full market value + marginial equity. I just cannot see how they possible would offer me MORE than I paid 7 years ago when people are giving their timeshares away right now!

Here are the websites they referenced me:

[Contact info. deleted]
Address: 871 Coronado Center Drive
Henderson, 89052
united states
Phone1: [contact info. deleted]
Description: Resort Acquisitions Worldwide deals exclusively with large corporations that are able to purchase luxury items with 10% of their tax liability money.The reason they want your timeshare is for the write offs for the next 100 years on the maintenance fees. We are the only timeshare property management company registered with Dunn and Bradstreet(#96-523-1900)We are able to get you full market value plus marginal equity for your timeshare , and the process is completed in 60-120 days. We work on 15-20 different acquisitions at a time each acquisition is for 120 properties.

D&B
I was told they have a D&B number
http://www.dnb.com/
D&B (NYSENB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 169 years. D&B's global commercial database contains more than 177 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.



I am VERY skeptical. I couldnt find any other posts with their name.

Can someone please help me?

Thanks
Allison

 

[T_R_Oglodyte]

I was called today by a company called Resort Acquisitions Worldwide. I was very uninterested and was trying to get them off the phone but he swore they were a different type of company. They claim that they have tons of corporations that buy timeshares for "tax write offs". The corps can write off maintenance fees for 99 years and want timeshares.

They are offering full market value + marginial equity. I just cannot see how they possible would offer me MORE than I paid 7 years ago when people are giving their timeshares away right now!

Here are the websites they referenced me:
[link deleted]
Company: Resort Acquisitions Worldwide
Address: 871 Coronado Center Drive
Henderson, 89052
united states
Phone1: [deleted]
Description: Resort Acquisitions Worldwide deals exclusively with large corporations that are able to purchase luxury items with 10% of their tax liability money.The reason they want your timeshare is for the write offs for the next 100 years on the maintenance fees. We are the only timeshare property management company registered with Dunn and Bradstreet(#96-523-1900)We are able to get you full market value plus marginal equity for your timeshare , and the process is completed in 60-120 days. We work on 15-20 different acquisitions at a time each acquisition is for 120 properties.

D&B
I was told they have a D&B number
http://www.dnb.com/
D&B (NYSENB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 169 years. D&B's global commercial database contains more than 177 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.



I am VERY skeptical. I couldnt find any other posts with their name.

Can someone please help me?

Thanks
Allison

Is there any part at all of their pitch that makes sense to you? If so, what?

It's all nonsense.

 

[pianodinosaur]

This sounds like one gigantic scam.

 

[eal]

You have no reason to be anything BUT "VERY skeptical". This is one of hundreds and hundreds of scams aimed at people trying to sell their timeshares to get out from under maintenance fees.

 

[DeniseM]

Allison - You have asked about a number of these scam companies - no matter how many times you ask, you are going to get the same answer:

If it's too good to be true - It's NOT true!​

By the way - the link you posted for the Better Business Bureau was not the REAL BBB.
Also - I deleted the contact info. for this company - we don't want to provide free advertising for scammers.

Please review this info. that I shared with you before:

There is a simple rule of thumb for dealing with timeshare business offers:

Any company that charges you a large upfront fee of any kind to sell or rent your timeshare, or to get your money back from another company, is going to scam you - period.

They make their money with the upfront fee and then they make no attempt to sell/rent your timeshare, or to get your money back.

Legitimate businesses charge a commission after the service, but the scammers all ask for a large upfront payment.

Here are some warnings signs with these kinds of companies:

1) Did you get an unsolicited sales call or mailing or email from them?

2) Do they say that they already have a renter/buyer for your timeshare? (Or an established market like people attending conventions.)

3) Do they claim that they can get your money back from another scammer?

4) Do they want you to pay hundreds/thousands of dollars for a title search, or transfer fees, or taxes, or a closing fee, or appraisal, or ANY large fee, UPFRONT?

5) Are they offering to rent/sell it for far more than the market value?

6) Do they want you to pay a large up front fee that supposedly you will get back?

7) Do they want your credit card number over the phone?​

If you answer yes to any of these questions, then this is the usual scenario:

Once you pay the fee and receive the contract, you discover that the company has only promised to advertise your resort, not to rent/sell it, and they don't mention having a renter/buyer in the contract.

Then, you won't hear anything from them for a long time, and when you contact them, they will tell you that the renter/buyer backed out, but they will advertise your timeshare on their over-priced website.

Finally, when you try to get your money back, they will point out that you signed a contract, and it's only for advertising.

When you try to challenge it with your credit card company, they will tell you that you only had 60 days to dispute the charge, and that it's too late to do anything.​

This is a bitter pill to swallow, but right now, most timeshares are selling for 0-20% of the original retail price. It's not a good time to sell a timeshare.

To see what your timeshare is really worth on the current resale market:

1) Register with ebay
2) Sign in
3) Search for your resort by exact name
4) From the menu on the left find the "Buying Formats" heading and click "choose more"
5) On the next page click "completed listings"
6) The next page will show you current selling prices
(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)​

(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)

 

[sb_sparky]

Okay, I know, I knew I shouldnt have asked. I was super skeptical and knew it didnt make any sense. I told them over and over I was sure it was a scam and sounded like so many other companies that have called me. I am such a trusting person it is really hard for me to ask tons of questions and have people lie directly to me over and over again! I did question two people about their reference websites and why they didnt have a website. I also asked why they were not on the Better Business Bureau and they said because they work with corporations.

I'm sorry I asked you guys again. I am so fed up with my timeshares lately and then they called. (I have spent hours and hours on the phone with them for months and cannot find anywhere to vacation this summer - that is close enough to drive too). They caught me at a good time (when I was frustrated and would love to be done with my timeshares & paying MFs).

Thanks everyone, I have finally learned!!!

Allison - You have asked about a number of these scam companies - no matter how many times you ask, you are going to get the same answer:

If it's too good to be true - It's NOT true!​

By the way - the link you posted for the Better Business Bureau was not the REAL BBB.
Also - I deleted the contact info. for this company - we don't want to provide free advertising for scammers.

Please review this info. that I shared with you before:

There is a simple rule of thumb for dealing with timeshare business offers:

Any company that charges you a large upfront fee of any kind to sell or rent your timeshare, or to get your money back from another company, is going to scam you - period.

They make their money with the upfront fee and then they make no attempt to sell/rent your timeshare, or to get your money back.

Legitimate businesses charge a commission after the service, but the scammers all ask for a large upfront payment.

Here are some warnings signs with these kinds of companies:

1) Did you get an unsolicited sales call or mailing or email from them?

2) Do they say that they already have a renter/buyer for your timeshare? (Or an established market like people attending conventions.)

3) Do they claim that they can get your money back from another scammer?

4) Do they want you to pay hundreds/thousands of dollars for a title search, or transfer fees, or taxes, or a closing fee, or appraisal, or ANY large fee, UPFRONT?

5) Are they offering to rent/sell it for far more than the market value?

6) Do they want you to pay a large up front fee that supposedly you will get back?

7) Do they want your credit card number over the phone?​

If you answer yes to any of these questions, then this is the usual scenario:

Once you pay the fee and receive the contract, you discover that the company has only promised to advertise your resort, not to rent/sell it, and they don't mention having a renter/buyer in the contract.

Then, you won't hear anything from them for a long time, and when you contact them, they will tell you that the renter/buyer backed out, but they will advertise your timeshare on their over-priced website.

Finally, when you try to get your money back, they will point out that you signed a contract, and it's only for advertising.

When you try to challenge it with your credit card company, they will tell you that you only had 60 days to dispute the charge, and that it's too late to do anything.​

This is a bitter pill to swallow, but right now, most timeshares are selling for 0-20% of the original retail price. It's not a good time to sell a timeshare.

To see what your timeshare is really worth on the current resale market:

1) Register with ebay
2) Sign in
3) Search for your resort by exact name
4) From the menu on the left find the "Buying Formats" heading and click "choose more"
5) On the next page click "completed listings"
6) The next page will show you current selling prices
(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)​

(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)

 

[MuranoJo]

I'm sorry I asked you guys again. I am so fed up with my timeshares lately and then they called. (I have spent hours and hours on the phone with them for months and cannot find anywhere to vacation this summer - that is close enough to drive too).

Sorry to hear that. I'm not sure how long ago you started looking for confirmations for this summer, but most Tuggers look at least a year out, and many look further out than that. It may be that you are not locking in your desired weeks early enough (the good ones typically go fast).

Same goes if you deposit them for exchange.

Hope something opens up for you.

 

[DeniseM]

I am such a trusting person it is really hard for me to ask tons of questions and have people lie directly to me over and over again!

Honestly - there is zero reason to talk to these people - they will only lie to you. Use your caller ID - don't pick up the phone if you don't know the caller. If it's important, they will leave a message.

 

[sb_sparky]

Sorry to hear that. I'm not sure how long ago you started looking for confirmations for this summer, but most Tuggers look at least a year out, and many look further out than that. It may be that you are not locking in your desired weeks early enough (the good ones typically go fast).

Same goes if you deposit them for exchange.

Hope something opens up for you.

Thanks! We are in CA and there are not many resorts that are ever available. I always have a hard time, they need to open up more options on the west coast IMO. My husbands job doesn't always let us book 1 year in advance unfortunately (we dont get his schedule that far out & I only have 1 transaction fee which I dont want to loose if the dates change). I do start looking about 9 mos before we want to go. (I do know that for timeshare availability it is not ideal).

I also have noticed the same thing with the timeshare exchange company too - there has been nothing left! It is so frustrating to have paid thousands (twice) and not be able to stay in one of our timeshares. I am hoping for an opening but we will see...

 

[sb_sparky]

Good point! I remember actually looking at caller ID and it was unlisted it said "unknown name." I guess that should have been a sign. I will be more careful.

Honestly - there is zero reason to talk to these people - they will only lie to you. Use your caller ID - don't pick up the phone if you don't know the caller. If it's important, they will leave a message.

 

[DeniseM]

I also have noticed the same thing with the timeshare exchange company too - there has been nothing left! It is so frustrating to have paid thousands (twice) and not be able to stay in one of our timeshares. I am hoping for an opening but we will see...

Are you putting in an ongoing-request as early as possible, or just looking at the online inventory? You really need to put in an on-going request, because the online inventory is just the leftovers.

 

[sb_sparky]

No I don't know how to do that and didnt know that was possible. I either call and talk with a representative or look online. No one ever taught us how everything works, I have had to stumble around and figure things out as I go. Does every timeshare company have an option to do an ongoing request?

Are you putting in an ongoing-request as early as possible, or just looking at the online inventory? You really need to put in an on-going request, because the online inventory is just the leftovers.

 

[DeniseM]

I'm talking about the exchange companies (II, RCI) - you need to put in an on-going request in addition to looking at the online inventory. On-going requests are filled FIRST - the online inventory is the leftovers.

You've come to the right place to stumble around and figure things out, too! That's pretty much how timesharing is - it's a do-it-yourself proposition.

 

[sb_sparky]

Aaaahhhh, okay that's good to know. I am trying to figure out RCI actually right now. I didnt realize that you could do that. (do you have to deposit all of your points before making a request?) I learned that I cannot talk to a representative there without depositing all of your points first! Its really hard knowing what to do. This late in the year it would be a big risk to deposit them, we are supposed to be leaving in June! (right now there is nothing available at all in the areas we are considering). We would be happy to fly but airfare is so expensive for our whole family to fly.

Do you know what the possibility is that an RCI deposit might be made for June or is watching Wyndham more likely to have a cancellation? Its actually looking like we may just have to rent something.

I love this forum and board! You guys have saved me many times from making more very costly mistakes!!! Thanks for all of your help.

I'm talking about the exchange companies (II, RCI) - you need to put in an on-going request in addition to looking at the online inventory. On-going requests are filled FIRST - the online inventory is the leftovers.

You've come to the right place to stumble around and figure things out, too! That's pretty much how timesharing is - it's a do-it-yourself proposition.