Postcard companies: How the transfer takes place between original owner and new buyer

[rickandcindy23]

I think my suggestion is worth a shot. I know that people at one of our Colorado resorts would want free weeks.

One of our Colorado resorts will never give them away because they can sell a blue week for $1,500. Some of you won't believe it, but it is true, and those weeks are in Colorado's fall and spring seasons. The prices are set in stone; no negotiation takes place. Red weeks go for $3,000 for summer and $6,000 for ski weeks. The resort is 22 years old and is only Silver Crown. I would bet some of you are thinking I am making up numbers, but believe me, I have no reason to do that. Just five years ago, we purchased two additional summer weeks for this resort and paid the bargain price of $4,500 for both and drove our cashier's check up there to guarantee our ownership. The board had several other people who wanted those weeks.

Have I seen timeshares from the above resort on eBay. Only once. I saw a blue week, probably listed by a postcard company because the owner (or more likely the heir to the property), imagined that the resort would not take the week back. Well, they would have taken it back. That HOA just needs to let people know.

There are people who truly believe that timeshare is real estate, and real estate goes nowhere but up, therefore they feel that a free timeshare is something of value. A free week would be considered a wonderful gift to many.

You see, not everyone in the timeshare world knows about TUG, Timesharing Today, eBay, or even Redweek. We here on TUG have a pessimistic view of timeshare values. The value owners place on their timeshare ownership is different from your own. The value is in using it, enjoying the unit itself, even during the slow times of year, when things are quiet in resort towns. When they stop using it, then it becomes a burden. This is the entire point of my rant here. Why not provide an easy way out, without breaking the bank?

I speak as a board member for Twin Rivers in Fraser, a resort that has many timeshares pop up on eBay, listed by postcard companies. We are stopping it; we are tired of someone taking advantage of our owners, so we are going to act. When owners have the option of giving their weeks back, we will take the liability of the decision with no remorse, because we can rent the weeks.

We held our annual meeting for Twin Rivers last November and had about 20 people present. A few of the older folks were getting tired of using their summer weeks after 26 years, so they asked about trading. Imagine their surprise to discover the trips we had taken to Orlando, Hawaii, Washington State, Idaho, Utah, all with our summer week. A short conversation with them literally opened their eyes to the possibilities. They were going to join II that afternoon.

HOA's could do a better job of communicating with owners. It doesn't have to come down to postcard companies. There is so much a Board of Directors could do to help, if they would just put themselves out there a little.

I didn't set this up as a debate and didn't want one. I wanted to post information and it is up to you how you use it.

By the way, many resorts actually have maintenance fees that are much lower than your numbers. We own seven weeks that have MF's under $450. Only our Hawaii weeks have higher maintenance fees. Our points resorts are very low, too.

 

[T_R_Oglodyte]

When you have a collection of 8 different postcards, from 8 different companies, it is apparent that this sleazy business has caught on in a big way and I want to curtail it some. The big companies will survive this slight decrease in business. The newer companies will become discourage--which is great.

I wonder how many TUG members are involved with these types of companies.

Alternatively, couldn't you assume there is a huge market of people who are desperate to be rid of their timeshares but they don't know how to stop the pain?

I know their tactics are sleazy, but I think it is abundantly clear that they are tapping into a huge pool of timeshare owners who are desperate and don't know where to turn. Those companies really present two options:

1. continue to own your timeshare
2. pay us $3000 to be rid of your timeshare

Given those two choices, a lot of people out there will pick option 2. In fact, they didn't even realize that there was any option other than option #1.

The way to end the postcard companies is to make sure that owners realize there is an option #3. I think that railing at the postcard companies is pointless, because for those persons who are stuck with only option #1, they are getting more than $3000 of benefit back just to be rid of the timeshare.

Option #2 might not be the optimum option, but for many of those people it beats option #1. And I suspect that for most of those people, if you gave them the choice of rescinding the deal - getting their timeshare back plus the $3000 - they would say "No, thank you."

 

[rickandcindy23]

Steve, I know what you are saying but what about: Option #3, give the week back to the resort, with a year or two of maintenance fees.

Why do people insist this is not a viable option? It is certainly worth a try.

Steve, now if you read my posts, you will see that I am not about ending the postcard business completely, but I am about educating owners. We cannot do it here on TUG, because there is no way for most of these desperate people to find TUG, so it has to be done at the resort level.

TUG hit 20,000 members recently, most of which do not post actively. There are thousands of resorts X the number of units at the resorts X the number of weeks. There are millions of people who own timeshare. My idea could work.

 

[T_R_Oglodyte]

Steve, I know what you are saying but what about: Option #3, give the week back to the resort, with a year or two of maintenance fees.

Why do people insist this is not a viable option? It is certainly worth a try.

HOw can a person select option #3 if they don't know option #3 even exists. I suspect that for many of these people, they are tremendously relieved to know that there even is an option other than #1, and seeing option #2 they know it is better than option #1.

Yoiu can't fault them for picking option #2 when it is better than option #1. Further, except for the sales tactics involved, you really can't fault the postcard company for creating option #2 and profiting from it.

****

My mother worked for a guy who bought a new Pontiac every other year. When he was ready for a new car, he would ask the salesman to come by his office, he would select his car, and pay the price presented by the salesman without any negotiation.

It pretty clear that my mom's boss probably paid 24% more than he needed to for his cars. Was the salesman obliged to tell him that there was another option - he could negotiate the price of the car?

I don't think so. the car salesman presented a product at a price the buyer was willing to pay. Similarly, the postcard companies are under no obligation to tell owners that there is another way to dispose of their timeshare that would net them more money. Their only obligation is to present a product or service with pricing and see if they can get buyers to agree .

If mentally competent adults decide that is a worthwhile exchange, who are we to interpose our beliefs? That doesn't mean that others shouldn't develop and publicize other, better alternatives.

I just think that much of the moral indignation directed at the very existence of postcard companies is misplaced and at times smacks to me of nannyism.

 

[rickandcindy23]

Steve,

The whole point of this thread is to encourage timeshare owners here to include a blurb about giving their timeshare weeks back to the resort in their newsletters, if they no longer want them. That is how they know about option #3. Why is that so crazy?

More and more companies are popping up, diluting the business and attracting new companies that are sloppier. More people are getting hurt, there are other threads on TUG of failed transfers from owners to postcard companies. The only way people can know an alternative is if the resorts give them one.

I know I am not the only one who feels this way. Many others have told me privately that I am on good moral ground.

 

[PigsDad]

Steve,

The whole point of this thread is to encourage timeshare owners here to include a blurb about giving their timeshare weeks back to the resort in their newsletters, if they no longer want them. That is how they know about option #3. Why is that so crazy?

Simple -- because it is naive to think that having HOAs take on the role of sales agents does not come at a cost to the HOA, which is then passed on to the remaining owners.

It's fine to educate the owners that there are other options other than postcard companies, but why do you insist that the HOA should be the ones taking on the responsibility of selling unwanted timeshares??? If these timeshares will be desired by so many people (as you keep on insisting), then the owners should have no problem giving them away for free, if they want.

Again I will state: I don't see any need for the HOA to ever get involved with taking back TS units from owners. Show me (and the rest of the posters here) why it is the HOA that you think needs to be the sales / transfer agent.

And BTW, of course I know that HOAs do get timeshares back through foreclosures. But that is a totally different situation. Foreclosure is necessary when the owner quits paying MFs. The HOA is performing their fiduciary duty of trying to recover those MFs.

Kurt

 

[T_R_Oglodyte]

Steve,

The whole point of this thread is to encourage timeshare owners here to include a blurb about giving their timeshare weeks back to the resort in their newsletters, if they no longer want them. That is how they know about option #3. Why is that so crazy?

The yellow font makes this reply almost totally unreadable.

 

[rickandcindy23]

Simple -- because it is naive to think that having HOAs take on the role of sales agents does not come at a cost to the HOA, which is then passed on to the remaining owners.

It's fine to educate the owners that there are other options other than postcard companies, but why do you insist that the HOA should be the ones taking on the responsibility of selling unwanted timeshares??? If these timeshares will be desired by so many people (as you keep on insisting), then the owners should have no problem giving them away for free, if they want.

Again I will state: I don't see any need for the HOA to ever get involved with taking back TS units from owners. Show me (and the rest of the posters here) why it is the HOA that you think needs to be the sales / transfer agent.

And BTW, of course I know that HOAs do get timeshares back through foreclosures. But that is a totally different situation. Foreclosure is necessary when the owner quits paying MFs. The HOA is performing their fiduciary duty of trying to recover those MFs.

Kurt

You are wrong. What is your experience with HOA boards and timeshares, as a Hilton owner? I know so much more than most do about how older timeshares work, the "dogs" that some refer to as unsaleable, because I own at three of those resorts, one for 26 years. I see two of my resorts on eBay all the time and have vast knowledge and firsthand experience with trading and pull Hiltons in Orlando with my MF's of $440. The value you perceive as ZERO is pulling what you own, in prime season, and much cheaper than your maintenance fees.

Please don't debate with me on this issue. What I am suggesting is the right thing to do, I am saying let's educate owners and see if resorts can take care of the problems within. Even if the resort charged the same as the postcard companies to take weeks back, that would be the better alternative.

I know it will work at all three of my resorts. Others have the opportunity to try where they own. What is the harm in that? I am anything but naive.

 

[Spence]

You are wrong. What is your experience with HOA boards and timeshares, as a Hilton owner? I know so much more than most do about how older timeshares work, the "dogs" that some refer to as unsaleable, because I own at three of those resorts, one for 26 years. I see two of my resorts on eBay all the time and have vast knowledge and firsthand experience with trading and pull Hiltons in Orlando with my MF's of $440. The value you perceive as ZERO is pulling what you own, in prime season, and much cheaper than your maintenance fees.

We all bow to your vast knowledge. I own some of those older resorts and my $239 1BR MF and $293 2BR MF will also pull everything you're talking about and then some (as in most any sighting seen on TUG)

Please don't debate with me on this issue. What I am suggesting is the right thing to do, I am saying let's educate owners and see if resorts can take care of the problems within. Even if the resort charged the same as the postcard companies to take weeks back, that would be the better alternative.

Who are you to ask/tell people not to debate?

I know it will work at all three of my resorts. Others have the opportunity to try where they own. What is the harm in that? I am anything but naive. :annoyed:

It probably is a good idea to try to get your HOA to put out the word, but still, the majority of them will not do it regardless of your 3 out of 3 success.

 

[rickandcindy23]

Spence, now don't forget your smilies.

I asked for no debate because there is no issue to debate. What is to debate? I just told people how the transfer takes place and asked them to let their HOA's know how the deals transpire and possibly offer an alternative. I don't see any issue to debate. This just seems the right thing to do. I am not trying to debate the merits of postcard companies.

But you are right, that I should not tell people not to debate, because I love a good argument.

Telling me I am naive is crazy. :hysterical:

Yes, Spence, you know what I am talking about, when it comes to those high-end resorts and maintenance fees. I admire your ability to do an exchange even cheaper than I can.

 

[T_R_Oglodyte]

Nor am I debating about HOA's sending alerts to members about alternatives to dispose of timeshares. And, for some resorts, it may actually make sense to accept deedbacks (that would make sense when the resort can sell weeks for a profit). Those resorts should set up programs and let owners know of it's availability.

 

[PigsDad]

You are wrong. What is your experience with HOA boards and timeshares, as a Hilton owner? I know so much more than most do about how older timeshares work, the "dogs" that some refer to as unsaleable, because I own at three of those resorts, one for 26 years. I see two of my resorts on eBay all the time and have vast knowledge and firsthand experience with trading and pull Hiltons in Orlando with my MF's of $440. The value you perceive as ZERO is pulling what you own, in prime season, and much cheaper than your maintenance fees.

Where in some dark orifice did you pull this out of??? Did I ever mention anything about trading power or a "my timeshare is better than yours" topic???? I think it is time to take your meds, lady.

And as for experience with HOAs, while not a TS, I was president of our neighborhood HOA for 4 years, and I know what the charter of HOAs are. And acting as a sales agent should not be in their charter.

And for the record, you started the personal attacks with calling me naive first in your post on June 3, 2007 08:50 PM. I was simply debating, posting counter points, and you reply that I am naive. Wow -- you are such a great debater!:hysterical:

Please don't debate with me on this issue. What I am suggesting is the right thing to do, I am saying let's educate owners and see if resorts can take care of the problems within. Even if the resort charged the same as the postcard companies to take weeks back, that would be the better alternative.

I know it will work at all three of my resorts. Others have the opportunity to try where they own. What is the harm in that? I am anything but naive.

"it is the right thing to do" "I know it will work" -- well I, too, bow down to your superior knowledge. Excuse me for having an opinion! I shall never question your royalness again.

I'm out of here. :annoyed:

 

[PigsDad]

You are wrong.

And you still haven't replied to my point:

that having HOAs take on the role of sales agents comes at a cost to the HOA, which is then passed on to the remaining owners.

All you do is say that I am wrong. And that I am naive.

Wow. I am speechless.

 

[rickandcindy23]

I am advocating HOA's to give weeks away and keep them from selling for $1.00 on ebay. That is my answer to your question.

A residential HOA is very different from a timeshare HOA. There can be no comparison between the two.

 

[bruwery]

Cindy,

What you're missing in all of this is that some weeks at some resorts can't be easily given away. This is why, as you say, the postcard companies refuse to take certain weeks.

You're fortunate to be in Colorado. Colorado is awesome, abundant with beauty and excitement regardless of the season. An "off" week in a destination such as Colorado is useful to many people all year.

However, some areas just aren't so desirable during certain seasons. The bigger problem is that perhaps some of these locations shouldn't have timeshares in the first place.

Onward and upward,

Mark

 

[rickandcindy23]

Well, I know there are some timeshares out there that should probably never have been built, but someone not long ago made a comment about some timeshares built in some odd place, and others were offended because that place happened to be their favorite destination. It was close and had a resort chain attached to it for internal exchanges. Perhaps it was Silverleaf? Those sell cheap on eBay, if they sell at all, but it is a great resort chain that even allows pets. This is one of the reasons my nephew and niece will likely buy. They have a lab and a golden retriever that they just will not leave in a kennel.

Beauty is in the eye of the beholder, that phrase can be said of timeshares.

If resorts have not considered taking back weeks, then I think this might be a good option for a trial period. If they absolutely cannot consider it, the resort could possibly find a charity that will take inventory. This would be such a nice thing to do, if they cannot do anything else, because at least someone would get the benefit of the week and the owner could be done with it.

 

[rickandcindy23]

And you still haven't replied to my point:



All you do is say that I am wrong. And that I am naive.

Wow. I am speechless.

I am having a hard time with your questions, I guess. Partly because I feel I have answered them before and you just get mad at me and say I need to take my meds. Maybe naive is not the right term to use, so I apologize about that, but you do lack the experience with older timeshares and the associated problems. The fact is that we have over 100 weeks at Twin Rivers that have been taken back by force, for way more in legal costs than we can even sell them. So we as an HOA have already had to deal with years and years of trying to market these weeks, with only the ski and some summer weeks getting any interest.

I am not offended at your post because I think you are at a disadvantage (not really a good word, but the only one that comes to mind,as you don't have this happening to your resort. You own at a wonderful place, a point system that is a great value that is a very new concept compared the old timeshare concept. Weeks is becoming almost archaic, in the sense that these older resorts cannot compete with points systems in the marketplace. But my point is that even these resorts have value in pulling even the great resorts like yours. The system works for exchangers, that is for certain, because I would not give up my ownerships at any of the resorts we own, even the ones that are 20+ years old. So I did not mean to offend at all. If you want to debate, that is fine with me, as Spence pointed out, who am I to ask for no debate? I am grateful to him for pointing that out.

The resort that I have very specific knowledge about, as a board member and owning for 26 years, is Twin Rivers in Fraser, our own (you live here, too) beautiful state. The weeks almost always sell on eBay, some for a lot more money than $1.00. But they never sell for more than $700 or so. Those weeks have cheap maintenance fees and do a great job of getting us where we want to go. I find value with that resort, value for trades and value in the way the direction the resort is taking right now, in giving owners the opportunity to give weeks back. You never know, at some point, we may become extinct as a timeshare resort and sell the units outright, as whole-owned. Then I think our weeks might just have some value, because real estate is very high in Fraser.

Perhaps some of the dog traders in rundown resorts should consider selling the units as wholly owned and get rid of timeshare. Of course, that would keep a lawyer busy, fixing all the deeds that have major recording errors. It would be worth it.

 

[Dave M]

...the resort could possibly find a charity that will take inventory. This would be such a nice thing to do, if they cannot do anything else, because at least someone would get the benefit of the week and the owner could be done with it.

I applaud your efforts, Cindy. However, I don't believe that suggestion is realistic.

Selling timeshares is what charities do when they get one. If the charity’s costs (internal administrative and closing costs) to handle and sell timeshares exceed the proceeds, a charity won't accept timeshare donations.

Over the years there have been 15 to 20 or so charities mentioned here that would accept timeshare donations. One by one, most of those charities have stopped accepting timeshare donations. Why? Because the donations they get are usually the dogs that are difficult to sell. Of the few charities that are left, the typical scenario is to accept the donated timeshare on consignment with no title transfer until and unless the charity is able to sell the timeshare.

Accordingly, if an owner can't sell a week and wants to give it away, it's unlikely that the owner (or the resort) will be able to find a charity to accept such a low-value timeshare.

I think that, to a certain extent, the same issue exists for many resorts. Why voluntarily accept a giveback of a week that the HOA can’t sell? That might work well for some resorts for which all weeks have a positive sales value. However, for other resorts with very-low seasons, that could result in a huge number of givebacks that can’t be resold, meaning that MFs might go up significantly for the remaining owners. If I were on the Board of a timeshare HOA, I wouldn’t be willing to take that very significant risk.

A more practical approach, with seemingly no risk to the HOA, is for the HOA to publicize much of the info you suggest regarding postcard companies, along with some practical suggestions – including an upfront-fee warning - for disposing of an unwanted week (e.g., excerpted from the “how to sell” sticky article on the TUG Buying, Selling, Renting forum).

 

[Machta]

Is there a place for REPUTABLE timeshare resellers?

This is a very interesting thread. As a newbie to this board, it has been very educational. We own a smidgen of DVC, and we're in the process of buying a couple of "traditional" timeshares from people I found on Craigslist.

My husband and I have our own commercial real estate company in Colorado (big dusty warehouses, office space with views of the mountains, that sort of thing). As realtors -- with strong, solid, serious ethics, I might add -- it seems to me that there is room in this whole equation for reputable timeshare resellers. I know they must exist; why aren't they marketing the way the "postcard" sellers do? If I were saddled with an unwanted timeshare and needed to get rid of it, I wonder which would be easier to pick: an upfront multithousand-dollar fee paid to a company I know nothing about, or a listing contract with a reseller that would also charge a fee but would not get paid until the sale closes.

So, who and where are the reputable timeshare resellers?

 

[Bill4728]

This is a very interesting thread. As a newbie to this board, it has been very educational. We own a smidgen of DVC, and we're in the process of buying a couple of "traditional" timeshares from people I found on Craigslist.

My husband and I have our own commercial real estate company in Colorado (big dusty warehouses, office space with views of the mountains, that sort of thing). As realtors -- with strong, solid, serious ethics, I might add -- it seems to me that there is room in this whole equation for reputable timeshare resellers. I know they must exist; why aren't they marketing the way the "postcard" sellers do? If I were saddled with an unwanted timeshare and needed to get rid of it, I wonder which would be easier to pick: an upfront multithousand-dollar fee paid to a company I know nothing about, or a listing contract with a reseller that would also charge a fee but would not get paid until the sale closes.

So, who and where are the reputable timeshare resellers?

The problem is only those companies which seem to use shady techniques make enough money to advertise as much as is needed to reach the public. So, Timeshares Only (a big upfront fee outfit) and TimeshareRelief (a postcard company) are one of the few reaching out to the public. The many TS resellers who are recommended here on TUG, just don't make enough money on the sales to spend the big bucks to reach the general public.

 

[Dave M]

So, who and where are the reputable timeshare resellers?

There is a list of such companies with which a number of TUGgers have had positive experiences located at the top of the list of topics for this Buying, Selling, Renting forum.

 

[JMAESD84]

Honest Trustworthy Resellers - eBay

I find the discussion on this thread very interesting. While I find the moral high ground that some here preach from unworthy and misplaced in an industry that is built on some fundementally flawed principles.

We hold these truths to be universal - buying resale is the best (only) way to get a bargain in the timeshare marketplace. eBAy is the best marketplace to sell or buy a timeshare (including the TUG Classified Ads).

I've recently purchased 3 timeshares, one from a charity and two from a proclaimed "post card" company and all found on eBay. Without a doubt, in every measureable way my buying experience with the post card company was superior, these are honest hard working people who are committed to quality customer service. They truely are setting the standard for resalers within the timeshare industry and no place else is even close.

Further, let me add that I like to get a bargain when I shop and these are the best deals in the industry. Now when you can buy something for $500 that originally sold for $20,000 and is in near equal condition you are getting a bargin. You accept this bargin knowing full well that one or more person(s) in the ownership chain got taken to the cleaners and you are glad you are not one of them.

I feel just as bad for the person who couldn't say no to the developers high pressured sales tactics, as I do for the person whose been convinced to pay several thousands of dollars to rid themselves of that same timeshare. I can't protect them from themselves and I'm affraid neither can you.

I also feel bad for the owner who pays the same maintenance fee for his worst week unit as the owner who has the best week. The owner with the worst week has been supplimenting the ownership of others sometimes for decades. I don't hear anyone suggesting maintenance fees be alligned to the real value of the week owned (here it's not about size it's about how you use it) but of course that would be fair. This would create a market for those difficult weeks that you currently can't give away. Oops, I wasn't supposed to bring this up to those preaching morals in this game.

For all the wonderfull vacations and experience that this industry can provide (and they are very real) there are equally horrible financial ripoffs that people endure (and they also are very real).

Education and information availability is the best way to let people help themselves. Be happpy that you are informed and reap the benefits.

 

[rickandcindy23]

Odd that your first post would be on a thread about postcard companies that you had to dig up from a week ago. Familiar.

Go ahead and buy your bargain timeshares. I don't care that the timeshares are getting purchased. I just want to have less older folks paying these scumbags thousands of dollars. My own timeshare resorts are going to know that companies like yours exist. I asked that others do the same. I want to save some older people their retirement savings. That is my goal. Not many young people are jumping at the opportunity to dump a timeshare they paid the developer for.

I will say it again. No timeshare at any of my resorts is worth a negative (-) $3,495. I would hazard a guess that many others here on TUG feel the same about their own resorts.

 

[JMAESD84]

Looking for fairness

Let's start by saying that everyone who shares a different view form yours does not work or represent the post card companies. I am however, a very satisified customer of one such company and believe they are the industrys best reseller.

Rather than applaud the fact that they are if fact selling large quantities of timeshares to people who want them and who will be happy new timeshare owners. You would tear them down for the practices they use in acquiring the inventory that they sell. As a buyer they have provided me with great service. I can choose the deals I want to persue and pay only the price I wish to pay, no pressure and no hassles.

So the next time you are on vacation and soothing your work worn body in a hot tub you'll be more likely to be speaking with someone who's happy with their timeshare purchase from eBay and doesn't feel ripped off.

You may only belong to places were even the off season weeks have value beyond the annual maintenance fees, but there are many many places where it makes no sense for anyone to own these weeks. The same accomondation can be acquired if desired at rate below the maintenance fees charged for the week. That said, in my opinion anyone trying to sell such a week, from the developer to the current owner, is attempting to rip someone off.

The only way to correct the problem of the unwanted/unmarketable week(s) in a fair way is to discount of the maintenance fees to the point that they have some market value. Trust me homeless people everywhere would sign a no closing cost purchase for a week at a timeshare that had no (or so low as to be free) maintenance fee. Take that to your HOA !!

 

[rickandcindy23]

How do you even know you bought from postcard companies? It took all of us a while on TUG to figure this out, but you have this knowledge with your first post?

I think you do work in some way with the postcard companies. Your username is a formula we have noticed before, especially out there on the various sites that come up when you Google "Timeshare Relief," plus you didn't join TUG, which is the same M.O. of several others that belong to the postcard companies.

If you are a customer of the postcard companies, enjoy your bargain weeks, but some of those bargains will definitely disappear. I see some of the oldest resorts eventually shutting down the timeshare business in favor of selling as whole-owned condos. That is the ideal thing for older resorts, in my opinion.

What resorts are you talking about that have high maintenance fees for blue weeks? Be specific here, as specifics are better when making a point, otherwise, you are just throwing information out there with nothing to back it.

Our resorts have low maintenance fees, except for Hawaii. Some states do not allow lower fees for blue weeks, so the resorts' hands' are tied. Colorado allows lower fees. I don't know what other states do.

Postcard companies will take $3,495 from an owner and deed the week back to the resort in some instances. How is that not deceitful? They know the resorts take deeds back, yet they allow the poor older person to pay the cash, then do what that person could have done himself? That is disgusting.

Down with POSTCARD COMPANIES!