- Joined
- May 5, 2011
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- HGVC and DVC
@Hoot67 ALL timeshare exit companies will take your money UPFRONT, but do nothing to actually offload your timeshare.
Thanks @HudsHut
To the OP, all exit companies are alike in that they have no magical powers to get you out of your timeshare. Many (most) exit companies are outright scams by taking your upfront money and doing nothing but giving lip service. Even the best of the exit companies will only do what is already available to timeshare owners without having to pay many thousands of dollars. These same exit companies will keep the owners in the dark about what options they can do themselves because they want the upfront fee that drives their business. That includes deedback programs, giving the timeshare away, or defaulting/foreclosure. Those are really the only options available. The exit companies will try the deedback first, if that doesn’t work they will attempt to give it away. If that doesn’t work they will tell you to stop communicating with the resort who will eventually foreclosure. Guess what? The exit company will keep their fee even on a foreclosure because they will claim they “got you out”. Other than that, the exit company will stall until you are well past the credit card dispute timeframe. Forget about a money back guarantee too because they will fight that.
A TUG member once responded to a question on a well known exit company’s Facebook page. A poster was asking about exit services for his timeshare. The TUG member replied that their particular resort had a deedback program and to contact his resort. The exit company’s response was to delete the comment and ban the TUG member from the site. Why? They want their customers (victims) to think that their only option is to pay them thousands of dollars. Many of their positive reviews, if not out right fake reviews, are from owners who are now free but don’t realize that the exit company did exactly what they could have done themselves. If an exit company cannot utilize an easy way to get one out of their timeshare they will stall for months, or even years leaving the owner liable.
This is what to expect with all exit companies. TUG will continue to provide the same advice that using an exit company varies from outright scam to waste of money at best. Of course, one can choose to follow the advice given or not.
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