Transferring deed title and reducing maintenance fees

[duncmcelf]

I was recently contacted by a company called Global Getaway Consultants who said they would essentially buy my two timeshare properties and replace my maintenance fees with what they called a reservation fee of $99.00 per year. They said they were affiliated with RCI and that RCI had decided to go to a point system approximately two years ago. For my $99.00 I would receive 10,000 points and I could purchase additional points at a cost of 1.5 cents per point. I would no longer be responsible legally for the deed or the maintenance fees. The transfer of deed would take place through a company called Step Zero. The cost was $13,400. The transaction and payments would be handled by American Express at 0% down and 0% interest so long as the payment of $150.00 was paid monthly with no missed payments. Has anyone heard of this company? They are going around to various cities and contacting timeshare owners. Am I being scammed?

 

[DeniseM]

$13,400 is way, way, way too much! I'm sorry, but this doesn't make any sense at all. If you don't want your timeshare, just give it away - don't pay someone $13,400 to take it!

HOW TO GIVE YOUR TIMESHARE AWAY ON TUG: http://www.tugbbs.com/forums/index.php?threads/how-can-i-give-away-my-timeshare-on-tug.132509/

 

[duncmcelf]

Thank you. We decided it was a scam and way too expensive!!

 

[duncmcelf]

Thank you. We decided it was a scam and way too expensive!!

Also in the timeshares to rent, what does "PM me" mean.

 

[DeniseM]

It means to send a private message:

1) Click on the poster's blue user name
2) Click on "Start a Conversation"
3) Write a subject for your message in the first box
3) Write your message in the large box
4) Click "Start a Conversation" below the box, to send your private message

 

[Centurion]

If you are ok with paying a fee to get rid of your unit and associated fees I would suggest contacting your resort management and telling them you would be willing to pay a small 1-2 maintenance fee amount to deed it back to their inventory. You would be surprised to know that many associations will allow this. It is always best to try to sell your unit first here on Tug but if you must get rid of it and can pay a small fee - always go to the resort first. Best of luck to you.