Timeshare Relief, Inc.

[rickandcindy23]

Find a person who is going bankrupt anyway and deed it to them.

 

[timeos2]

Interesting that Celebrity resorts, which the eBay listing is one but not listed, appear a couple times on the list.

 

[martinus_scriblerus]

Is it possible to vest ownership of a timeshare week in a corporation? What about a foreign corporation? Can it be done with no personal covenant attached?

If so, why not cheaply incorporate a company, transfer ownership to the corporation, and let the corporation default on the payment of maintenance fees? Costs all tolled would be under a grand.

Certainly if you incorporated a company in Canada (for instance) I doubt highly whether any American based timeshare corporation would spend a lot of cash chasing down a default from up here.

Maybe I could get something going. Call it timeshare relief lite!!!

Just a little skullduggery to stir the pot.

 

[martinus_scriblerus]

This idea (the one above) is reminscent of "dollar dealers" in Alberta, Canada in the bad old days of the early 80's. At that time, many homes were mortgaged for much more than they were worth. As well in Alberta, mortgage loans are non- recourse, in that the mortgagor was not personally liable for the mortgage. The mortgagee's (the lender) only recourse was to the property.

Dollar dealers would "buy" a house from a desperate homeowner (who was essentially walking away from the house) for a dollar, rent the property out, collect the rent and not pay any payments to the lender. They'd get a few months rent until the lender stepped in to foreclose.

If no covenants attach to a timeshare deed and if a corporation can hold the timeshare we could see a resurgence of dollar dealers, even if the "dollar" is more like a thousand bucks!!!

Any legal experts out there? Would this fly?

 

[Jya-Ning]

Do they provide a service, maybe.

Do they? Is the deed actually transfer to them and then moved to another buyer? If not, then what happen if they decide to walk away or just force resort to forclose it?

If they take response the moment the old owner pay them money, and proper transfer the deed to themselves, I agree this is a service. And I will believe there is no need of lie. Just go through all the paper work and procedures for old owner to confirm the week is no longer their resposibility. After all, I believe a lot of owners go there intend to get rid of their week.

Even if they lie, but proper transfer the deed, I will still believe it maybe a service worth for someone that does not willing to stir the mud.

But is this the case?

They did not really take responsibility. The only thing that prevent them to return the TS or destroy the owner's credit is eBay.

For now, I don't think their business will die. Unless more and more developers willing to face the resell market and willing to think the product will last forever, and willing to explore different selling method, or unless the government wants to reclassify them as risky investment and force all the developers to open their information, they will make their living and more.


As to what to do when you list 11 times, what will norm people do when they could not sell their house in 6 month when house market is down? Prepare to use it, repackage it with a good vacation (put in good furniture, repaint, do some yard work). Put more attractive incentive infront (by just doing a search, will you guess it is now free of closing and all?). By pulling it out of market until people no longer can find it from eBay's completed list easily, then put them out, by put a longer bidding period so hopefully smeone will bite. If people bid on eBay using 10 year pay back model, (total purchase cost/10 + MF), you can create a vey attractive incentive that worth few years ownership.

Jya-Ning

 

[Jya-Ning]

When I wanted out of my timeshare, I got some advice to go with Timeshare Relief.

Do you willing to share these advice? But please, don't try to insult yourselves by saying that they show you how bad a TS is. Afterall, the reason you found them is because you know the TS is bad and want to get rid of it, isn't it?

Also, even when people have more TS, that does not mean they made every good buy. A good buy may mean a sell at the sametime. So to think people don't have any idea to get rid of bad week is a wrong assumption.

Jya-Ning

 

[wbtimesharer]

Here is a list of what a TR wannabe would not take or would only take with extra fees.


Everything else was fair game.

See, right there, these companies add value. They have provided, free of charge, a list of timshares to avoid .

Honestly, as I have stated before, these companies do no more lying than the companies selling the timeshares in the first place. And they do provide a service whether anyone here likes to think it or not. Most people who want out of timsharing really have no interest in the hassle or cost of selling a timeshare. If you are someone making good money doing other things, the time spent trying to peddle a timeshare that they don't want, probably would add up to a couple thousand dollars in time and monetary expenditures.

And of course, there are those who just aren't that interested in the timeshare game. If they did take time to learn and understand, they would find that the $300 - $700 year in MF and exchange fees would get them a vacation worth around $1000. But since they don't, then these companies do provide them a quick and expensive way of getting out of the game.

The ones I have to wonder about are those that own multiple units who end up using these companies. If you are in that deep, you should gone through the education process somewhere and somehow. Enough to know that these companies are not worth it. Of course you also would not have purchased more than 1 of your units through the developer.

And the last time I checked, this board was an open forum for thoughts and ideas. Not just for answers that meet the status quo. If that is the case, I probably will be irritating a lot of people in the future.

Bill

 

[rickandcindy23]

I respect your opinion, Bill and I understand where Spence is coming from as well. I don't think your opinion will really irritate anyone. I am as vocal as they come on Timeshare Relief and do understand why some people would hate their timeshare that much. You would really have to feel it was garbage to go to such extremes as to pay that much to get rid of it. Would you all agree with that statement?

Everyone who knows timeshare also knows that last-minute availability in weeks is incomprehensibly amazing. I can pull three bedroom Shearwater weeks with our blue week some evenings. So there is value in anything. Maybe some would argue with that, but I can prove it by posting availability on any given night for Hawaii, Orlando and many other spots. If you love Orlando, it is okay to use a free Celebrity Reno studio to grab a two bedroom Hilton. You will get a great week for that studio and you will be money ahead for having been smart enough to not buy Orlando.

Here are Hawaii weeks I pulled with our blue week (two bedroom, but I doubt that makes any difference). There were 17 resorts in Hawaii. I just copied the Gold Crowns:

PAHIO at Ka'Eo Kai (#1376)
Princeville, HI 96722, USA

Available Unit Size - S - 2
Check-in Date Range - 04/05/2007 - 04/13/2007


The Cliffs Club (#5124)
Princeville, HI 96722, USA

Available Unit Size - 1 - 1
Check-in Date Range - 04/07/2007 - 04/07/2007


PAHIO at Bali Hai Villas (#3031)
Princeville, HI 96722, USA

Available Unit Size - 1 - 2
Check-in Date Range - 04/05/2007 - 04/15/2007


Paniolo Greens (#3977)
Waikoloa, HI 96738, USA

Available Unit Size - 2 - 2
Check-in Date Range - 04/06/2007 - 04/06/2007


Kona Coast Resort II (#4861)
Kailua-Kona, HI 96740, USA

Available Unit Size - 1 - 1
Check-in Date Range - 04/08/2007 - 04/08/2007


Lawai Beach Resort (#5080)
Koloa, HI 96756, USA

Available Unit Size - 1 - 1
Check-in Date Range - 04/05/2007 - 04/13/2007


PAHIO at Kauai Beach Villas (#3681)
Lihue, HI 96766, USA

Available Unit Size - 1 - 1
Check-in Date Range - 04/07/2007 - 04/07/2007


Alii Kai Resort (#2201)
Princeville, HI 96722, USA

Available Unit Size - 2 - 2
Check-in Date Range - 04/07/2007 - 04/07/2007

Orlando will be less right now, I think. Well, there are lots more resorts and I searched only two bedrooms. These are the GC's I pulled with my blue week:

The Fountains (#7605)
Orlando, FL 32821, USA

Available Unit Size - 2 - 2
Check-in Date Range - 05/04/2007 - 05/04/2007


The Gardens (#7549)
Orlando, FL 32805, USA

Available Unit Size - 2 - 2
Check-in Date Range - 03/31/2007 - 05/05/2007

Orange Lake's West Village (#0670)
Kissimmee, FL 34747, USA

Available Unit Size - 2 - 3
Check-in Date Range - 04/06/2007 - 04/15/2007


Orange Lake's River Island (#8881)
Kissimmee, FL 34747, USA

Available Unit Size - 2 - 2
Check-in Date Range - 04/15/2007 - 04/15/2007


Orlando's Sunshine Resort II (#5592)
Orlando, FL 32819, USA

Available Unit Size - 2 - 2
Check-in Date Range - 05/04/2007 - 05/04/2007

I think I am preaching to the choir, but I just wanted to reiterate that no timeshare is BAD!

 

[timeos2]

What a rip off

OK - now I have to post as I am outraged. I just heard that at one of my resorts an owner, crippled by a stroke, who had placed his week up for sale in a desperate effort to cut expenses has been taken in by this unscrupulous band of pseudo thieves. They got him to PAY $3500 to give them his week! Had he simply contacted the resort and explained he was up to date on his fees but needed to get out - even if it meant giving it away - he would have at worst paid the transfer cost of under $500. Maybe not even that. If this isn't a rip off than I don't know one. Now to make things worse they'll most likely list the week on eBay for $1 plus closing fees (which they also get as I understand it) so they will pocket over $4000 and help depress the market for legitimate owners wishing to sell.

I feel very sorry for that owner and now have to take any steps possible to let all owners know not to fall for this type of scam. PLEASE contact your resort first and give them a chance to help you if you are so desperate as to consider paying thousands to give your timeshare away.

 

[Spence]

OK - now I have to post as I am outraged. I just heard that at one of my resorts an owner, crippled by a stroke, who had placed his week up for sale in a desperate effort to cut expenses has been taken in by this unscrupulous band of pseudo thieves. They got him to PAY $3500 to give them his week! Had he simply contacted the resort and explained he was up to date on his fees but needed to get out - even if it meant giving it away - he would have at worst paid the transfer cost of under $500. Maybe not even that. If this isn't a rip off than I don't know one. Now to make things worse they'll most likely list the week on eBay for $1 plus closing fees (which they also get as I understand it) so they will pocket over $4000 and help depress the market for legitimate owners wishing to sell.

I feel very sorry for that owner and now have to take any steps possible to let all owners know not to fall for this type of scam. PLEASE contact your resort first and give them a chance to help you if you are so desperate as to consider paying thousands to give your timeshare away.

They also collect current Maintenance Fees from the eBay buyer. They required that they be paid up by the person who pays them the $3500. So that's money in their pocket, too, they don't send that to the resort. This is the case for most of the year for ones that sell right away.

 

[timeos2]

They also collect current Maintenance Fees from the eBay buyer. They required that they be paid up by the person who pays them the $3500. So that's money in their pocket, too, they don't send that to the resort. This is the case for most of the year for ones that sell right away.

And so it just gets worse. Thanks for adding to my outrage as it will help when we write the warning message to owners in our next newsletter. How do these guys sleep at night? If they really offered a service they would tell the mark to first check with the resort. If they won't take it back then maybe, maybe you can make a case for this type of "service". But I know in this case it would have been accepted and this poor owner just got taken for at least $3000 he didn't have.

 

[Carl D]

OK - now I have to post as I am outraged. I just heard that at one of my resorts an owner, crippled by a stroke, who had placed his week up for sale in a desperate effort to cut expenses has been taken in by this unscrupulous band of pseudo thieves. They got him to PAY $3500 to give them his week! Had he simply contacted the resort and explained he was up to date on his fees but needed to get out - even if it meant giving it away - he would have at worst paid the transfer cost of under $500. Maybe not even that. If this isn't a rip off than I don't know one. Now to make things worse they'll most likely list the week on eBay for $1 plus closing fees (which they also get as I understand it) so they will pocket over $4000 and help depress the market for legitimate owners wishing to sell.

I feel very sorry for that owner and now have to take any steps possible to let all owners know not to fall for this type of scam. PLEASE contact your resort first and give them a chance to help you if you are so desperate as to consider paying thousands to give your timeshare away.

John, this is one area that you and I will never disagree on. This is really sick to take advantage of anyone this way, let alone someone who is having life altering health issues. It's too bad there isn't a "reverse recision" period for these transactions.
Good for you to write and warn the owners at your resort.

 

[UWSurfer]

What's interesting is to see earlier versions where the maintenance fee's were paid by the seller and the other costs remained...now it's the inverse for about the same $$.

 

[kckaren]

giving it back to the resort

PLEASE contact your resort first and give them a chance to help you if you are so desperate as to consider paying thousands to give your timeshare away.

My mom did that with her timeshare last year, no health issues involved.

She called them and just signed it back to them and I don't think it cost her anything.
(It was Club Tahoe, if that is of interest.)

(Just don't get me started on how much I am kicking myself for not taking it from her myself! ... I really didn't think she'd do it...):hysterical: