Just got a postcard from Timeshare Acquisitions LLC who want to buy our timeshare. (If you believe that I have a wonderful bridge to sell you). I am not sure if this was the same company that seems to take your timeshare off your hands for a fee. I am tempted to attend their session so I can gather info and see if there is any illegality or if they are just taking advantage of the unsuspecting and naive.
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Timeshare Acquisitions LLC
- Thread starter ira g
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- Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
You should attend their meeting
Dave M (TUG moderator extraordinaire
)wants to look at their newest set of documents, he has an old set, but would like to see any changes they may have made.
The presentation as I understand it: They talk to a group of timeshare owners, telling the bunch how bad timeshares are, that you will never get rid of them, your heirs will inherit the debt and the timeshare will never get used, so you might as well pay them to take the week for you. They "hard-sell" you to pay them money to take the thing off of your hands. Kind of a timeshare presentation in reverse. I cannot believe the people who do this. If a person wants to get rid of a timeshare, they can give it away or get something for it.
There was possibly some mistaken identity with some ebay sellers, but we cannot really know for sure who are the sellers that are listing these weeks, but I have a feeling I know who they are, but they have denied the charges. One TUGger actually looked at the websites for these companies (Timeshare Acquisitions being one of them) and discovered who owned the sites, then checked the ebayers' ID's. They matched the site, but if they deny it, you are innocent until proven guilty.
The truth of the matter is this: If they feel they are doing a service, then they can sleep at night. I think most timeshare salespeople sleep okay, except when they meet up with five people that day that they just cannot sell, then they have to worry about their paychecks. Timeshare developers and their salespeople are just as sleazy as these guys. Funny how you get sucked in by the salesperson telling how much money you saved, then these guys say exactly the opposite things and get people to pay again. Unbelievable. The irony is that these guys go to ebay, or wherever
and talk up timeshare to sell the weeks. They are liars, pure and simple.
The guys who claim to know nothing about the postcard scam are getting weeks from somewhere and don't seem to care how little they get for them. Perhaps owners are contacting them, who knows? I am skeptical but will not divulge any names, just in case. Most of the guys have the same email addresses _____@vininc.com Is that just a coincidence?
Dave M (TUG moderator extraordinaire
)wants to look at their newest set of documents, he has an old set, but would like to see any changes they may have made.The presentation as I understand it: They talk to a group of timeshare owners, telling the bunch how bad timeshares are, that you will never get rid of them, your heirs will inherit the debt and the timeshare will never get used, so you might as well pay them to take the week for you. They "hard-sell" you to pay them money to take the thing off of your hands. Kind of a timeshare presentation in reverse. I cannot believe the people who do this. If a person wants to get rid of a timeshare, they can give it away or get something for it.
There was possibly some mistaken identity with some ebay sellers, but we cannot really know for sure who are the sellers that are listing these weeks, but I have a feeling I know who they are, but they have denied the charges. One TUGger actually looked at the websites for these companies (Timeshare Acquisitions being one of them) and discovered who owned the sites, then checked the ebayers' ID's. They matched the site, but if they deny it, you are innocent until proven guilty.
The truth of the matter is this: If they feel they are doing a service, then they can sleep at night. I think most timeshare salespeople sleep okay, except when they meet up with five people that day that they just cannot sell, then they have to worry about their paychecks. Timeshare developers and their salespeople are just as sleazy as these guys. Funny how you get sucked in by the salesperson telling how much money you saved, then these guys say exactly the opposite things and get people to pay again. Unbelievable. The irony is that these guys go to ebay, or wherever
and talk up timeshare to sell the weeks. They are liars, pure and simple. The guys who claim to know nothing about the postcard scam are getting weeks from somewhere and don't seem to care how little they get for them. Perhaps owners are contacting them, who knows? I am skeptical but will not divulge any names, just in case. Most of the guys have the same email addresses _____@vininc.com Is that just a coincidence?
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Yes, go to the presentation. We did once too and I posted about it here but it may have been deleted already. We have had several more invitations since then and I would go again if it's only to get the documents for Dave M but each time, when we pick up our mail after a trip, the presentation has already taken place. I will go again, even on my own, just to get the documents, unless someone else does it here instead.
Yes, we were in a presentation once with a bunch of old people (like us) and they tried to scare us all to death that our heirs were going to be on the hook forever for the maintenance fees and that we couldn't get rid of the timeshares even if we wanted to. They also told us that we would still be responsible for the maintenance fees after the original 25 years of an RTU in Mexico had run out and that nobody ever got their money back after they found out that they had been defrauded by some of the timeshare developers there. Needless to say, a lot of the people in the room owned timeshare weeks in Mexico.
I knew better than that so challenged him and told him too that we knew that timeshares are being sold on eBay every day and that people could place advertisements too at many web sites for a very reasonable fee. They would receive some money back instead of having to pay to get rid of their timeshare week or deed. That day, nobody bought and he couldn't understand why because they offered such a good deal to us.
There are a few copycats too, who are doing the same meetings, so be aware!
Yes, we were in a presentation once with a bunch of old people (like us) and they tried to scare us all to death that our heirs were going to be on the hook forever for the maintenance fees and that we couldn't get rid of the timeshares even if we wanted to. They also told us that we would still be responsible for the maintenance fees after the original 25 years of an RTU in Mexico had run out and that nobody ever got their money back after they found out that they had been defrauded by some of the timeshare developers there. Needless to say, a lot of the people in the room owned timeshare weeks in Mexico.
I knew better than that so challenged him and told him too that we knew that timeshares are being sold on eBay every day and that people could place advertisements too at many web sites for a very reasonable fee. They would receive some money back instead of having to pay to get rid of their timeshare week or deed. That day, nobody bought and he couldn't understand why because they offered such a good deal to us.
There are a few copycats too, who are doing the same meetings, so be aware!