Timeshare Trap

Timeshares are one of the worst investments you can make. This journal is to inform people who are thinking about purchasing a timeshare not to do so and help those trying to get rid of their timeshare.

Saturday, May 20, 2006

Timeshare Relief Warning / Scam

Comment from a reader

Our Comments: Obviously, Timeshare relief is an oxymoron with this company -- Never, ever, pay someone upfront to sell your timeshare. And again, never take the word of the people selling you the program. You need to get everything in writing. The number of people who have problems with promises not being kept just goes to show they type of industry timeshares are...

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My dad and mom got roped into this same scam with Timeshare Relief, Inc. They were high pressured into signing some paperwork and forking over ~$3K to "get rid of" their timeshare. At the time they were about to make a trip which included a stop to visit me and indicated that they might want to sell the timeshare themselves or give it to me. The Timeshare Relief people told them that it was not a problem, that they would hold the paperwork until after the trip and that if they changed their mind, they could get all of their money back. Timeshare Relief, Inc is near my house in Torrance CA. My father called Timeshare Relief while on their trip and said he had chosen to cancel the agreement and would stop by at the end of their trip. I went over their with my parents and we requested the money back. That's when the story changed. They said my parents had signed a contract and they were keeping the money. We could however, choose to keep the timeshare. They had indeed signed a contract and it included legalese to the effect that they only had three days to back out of the deal. Talk about being doubly violated. Definitely a new scam.

80 Comments:

  • At 2:41 PM, Anonymous Anonymous said…

    After having just left a sales pitch to releive us of our timeshares for $4,000, we were interested in knowing if anyone has actually gotten the releif they bargained for or did the maintenance, tax, and assessment bills keep on coming.

     
  • At 11:21 AM, Anonymous Anonymous said…

    Thanks for taking the time to post your story about Timeshare Relief, Inc. I was initially excited when we received their postcard indicating that they would buy our timeshare from us. Now I won't even bother calling them and setting up an appt. I "thought" it was probably too good to be true.
    It's sad that there are so many CROOKS in this world to watch out for!
    Linda from Athens GA

     
  • At 4:20 PM, Anonymous linda from NC said…

    Glad to read your warnings about Timeshare Relief, Inc. Rec'd card from them today and we set up appt. for Saturday. Needless to say , we will not be attending their presentation. No only that, we're not going to cancel the appt.! Maybe that will keep someone else from making a costly mistake during that timeframe.

     
  • At 4:22 PM, Anonymous linda from NC said…

    Glad to read your warnings about Timeshare Relief, Inc. Rec'd card from them today and we set up appt. for Saturday. Needless to say , we will not be attending their presentation. Not only that, we're not going to cancel the appt.! Maybe that will keep someone else from making a costly mistake during that timeframe.

     
  • At 2:56 PM, Blogger wyvern said…

    We have listened to a TSR "pitch" and were told over 900 folks have sucessfully been able to have their timeshare transferred from their ownership. Was this a blatant lie?? Are the testimonials on the TSR site a complete fabrication???

     
  • At 4:07 PM, Anonymous timeshare trap said…

    No, have probably done so, but it comes at a huge price to you which you shouldn't have to pay. If you are willing to part with an additional $3000 - $4000 just to get rid of you timeshare, go to one of the popular timeshare forums and offer to sell your timeshare for free plus $1000. You'll have no problem getting rid of it with no middle men.

     
  • At 11:52 AM, Anonymous Anonymous said…

    We just left a presentation by Timeshare Relief and were hoping beyond hope that we could out of our timeshare which was left to us in a will and now we keep paying and paying for it. soo, we paid $3495 to "get rid" of it. Should we stop payment on this through our credit card company?

     
  • At 1:00 PM, Anonymous Anonymous said…

    And, we too would like to know if Timeshare Relief actually does take this "burden" off our hands? do they really take over ownership completely? Including; taxes, maintenance fees, and assessment bills?

     
  • At 10:16 PM, Anonymous timeshare trap said…

    This might help you a bit more on Timeshare Relief:

    Timeshare Relief Discussion

    It has the following:

    "I just looked it up on the Better Business Bureau's website (bbb.org) - there are two companies by that name. One is in California and the other in Nevada (Las Vegas). One has a satisfactory record (7 complaints in last 36 months), the other is unsatisfactory (13 complaints, some unresolved/no response). Maybe you want to do a little more homework on your own...good luck. Sorry to hear you are stuck with such a burden."

     
  • At 1:51 PM, Anonymous Anonymous said…

    I actually got rid of my timeshare through Timeshare Relief. I almost didn't go to my appointment based on reading stuff like this online but I'll tell you what, it was the best decision I could have made to make my own judgement. I've really got to wonder if the timeshare industry isn't planting messages like this to steer people away. Yeah, I paid a fee to have my timeshare taken off my back and it was the best money I ever spent. Don't be fooled. Listing companies will rob you and you can't donate a financial burden. Sure, someone might take your "donation" but until they can offload it you still pay. The crooks are the timeshare companies. Make no mistake about it.

     
  • At 11:30 AM, Anonymous Anonymous said…

    Jonas - Wilmington, NC

    I actually just met w/ Timeshare Relief Inc. this past weekend when they were in North Carolina. I met with a representative there who made a pitch to me about the timeshare industry and the "no sale" market. I patiently listened and was quite interested.

    My wife and I bought our timeshare in 1986 for, needless to say, a big chunk of change. I was led to believe that I had an investment. I was told that I could rent my timeshare out and when the time came for me to get rid of it, there would be no problem selling. The resort(I won't name them)even told me that I could contact them and they would sell it for me. I loved my timeshare! My family and I got the best use out of it, we couldn't have had a better time. That just changed within the past few years. I wasn't really using it and was throwing money away on listing fees, RCI fees, and maintenance fees. My kids had NO interest in it. I got a postcard from Timeshare Relief, called and set an appointment up and met with them. I was slightly shocked at the idea of paying someone $3,495 to get rid of my timeshare! I told the representatives that I would think about the situation and he gave me his card. My wife and I got home that evening and began talking. It just seemed to make perfect sense. I was initially scammed out of money buying the timeshare. That is where I lost out. I realized, yes I'm having to pay someone, but they are actually offering me something. A service. Needless to say, I called Timeshare Relief this morning and have started a transaction with them. I don't think I could really feel much better! It's just like a weight off my chest. I think people have to realize that this isn't a program for everyone. It's really just for people who need it. I don't really think there is any need to get offended by that.

     
  • At 3:05 AM, Anonymous timeshare trap said…

    Still can't agree with this reasoning. If you placed an add in any newspaper or a post on any timeshare bulliten board offering to pay someone $1000 to take your timeshare, I don't think you'd have any problem getting rid of it and you'll save $2500 in the process. Timeshares usually lose a lot of value, but rarely are they completely worthless.

     
  • At 2:48 PM, Anonymous Anonymous said…

    Thanks for all your comments. I'm still undecided whether to make an appointment or not. I don't like the idea of forking over $4000 to get rid of my timeshare. There has to be a better way somewhere in this great country of ours. Let's hear some of your ideas. Thanks, again. js

     
  • At 4:17 PM, Anonymous Frank said…

    I used Timeshare Relief to get rid of a property I bought a while back in Nevada. It cost me, but I'm relieved. Thought Nevada was about to boom. Not yet at least.
    I'm puzzled about why people insist on calling TSR a scam. What happens is exactly what they say will happen, which is unlike any other outfit in the industry. You trust someone who does what they say they're going to do. So where's the beef?
    Frankly, I was just sick of dealing with it. Five bucks says people will change their perspectives over time as more and more people come to see the truth about their timeshares.
    Sages say understanding comes only from experience. So keep trying to sell/rent/donate it. You'll see soon enough.

     
  • At 7:02 PM, Anonymous timesharetrap said…

    One of the biggest problems I have with all these people that are saying what a great deal Timeshare Relief is what the hell are they doing at this blog??? Every single person I know who has had a timeshare that they hated and wanted to get rid of never wanted to deal with timeshares again, yet all these people come to this particular thread to defend Timeshare Relief. Now if all the other topics I've written about received comments like this, then I probably wouldn't think twice, but all the comments seem to be in this particular thread. It all seems more than a bit suspicious to me.

    Again, I say that Timeshare Relieve has a bad rating with the Better Business Bureau and you can get rid of your timeshare for a lot less on your own.

     
  • At 10:40 AM, Anonymous Tracey said…

    I think people come here to gather information and make informed decisions. I don't know why it's difficult to understand why someone who went the Timeshare Relief route would be unusual to this blog, forum, whatever. One could just as easily say it's a bit suspicious how adamantly negative the community is when someone even breathes a word about having a positive experience with a company like Timeshare Relief. What? Are you all Timeshare salespeople or something? What resort do you work for? Etc...

    I don't know. I mean, I'm happy with my timeshare but I see how it could become a burden if I was unable to keep up with it. If these people are happy with their decisions and feel they have relieved themselves of something that they didn't want or couldn't manage that's great. Good for them. These timeshare communities can be pretty intense and come very close to attacking people like this in many cases. Believe me, I've made my way around these boards and forums enough to know. There are some rabid dogs out there. So my point is ease up. There's space for everyone, even if their choices don't jive with what the community thinks is best.

     
  • At 5:55 PM, Anonymous timesharetrap said…

    I agree that people who are trying to sell, get rid of or maybe those who enjoy their timeshare would come seeking this information. Someone who has had a bad experience with timeshares and had to sell theirs for a loss is not likely to be hanging around timeshare websites. At least the ones I know - they never want to see, talk or discuss timeshares again...

     
  • At 1:50 PM, Anonymous Frank said…

    I have more than one. The one I still own, I'm more or less happy with. But then after the experience I had with the other, I look at with a jaundiced eye. When will this one turn on me?
    Not sure of timesharetrap's point. Ever heard of empathy for your fellow man. I got helped out of a bad situation and am more than happy to take a few minutes of my life to to see if someone is hurting and in need of a kind word.
    If you just don't what certain people to post here anymore, hang a sign on the front door.

     
  • At 2:18 PM, Blogger savingadvice said…

    Nope, just commenting that is is a bit suspicious in my view. Plus as I have mentioned many times, you can get rid of a timeshare for a lot less on your own if you are willing to pay people. They are a company and are making a large profit with every timeshare they buy (they wouldn't be buying them if they weren't). Like I have mentioned many times, timeshares lose a lot of value, but rarely are they worthless

     
  • At 3:20 PM, Anonymous Ben said…

    This is the first time I've heard about Timeshare Relief. Had my timeshare listed for awhile on ebay for $1 and with a timeshare resaler who I paid to sell it for me. Still have it. So I'm wondering about Timeshare Relief. At this point, if it works, I'd be willing to pay.

    The thing that's confusing me about this thread is that in the end, "savingadvice" finishes timesharetrap's comments.

    Also "savingadvice" started the original post with an anti-timeshare relief story.

    What gives?

     
  • At 3:37 PM, Anonymous timeshare trap said…

    I'm the same person...savingadvice is my main website, but I received so many horror stories about timeshares and what people could do that i started up timesharetrap as well. the name changes depending on which account I"m signed in with. It wasn't meant to confuse

     
  • At 4:21 PM, Anonymous Ben said…

    Oh. Sorry to pry. It's hard to tell whose on the up and up in this game.

    That "Mom and Dad" story in the original post is quite popular. I've seen it elsewhere. Been timeshare surfing a lot lately.

     
  • At 9:19 AM, Anonymous Anonymous said…

    Well here goes. We've blown approximately $500.00 to get this particular company to list us. The company rep. did call and say they've had inquiries but no buyers. Yea-right. Now the home resort which we never used in 12 years is remodeling and everyone has to pay hundreds of dollars beside the maintainance fees
    etc. How do you go about giving away a Timeshare?

     
  • At 2:17 PM, Anonymous Anonymous said…

    This company will relieve you of your time share for about $3500. On the suface, its seems silly to pay another cost just to get rid of it. Sure, you could try and sell your time share on the web and sure, you can offer someone $1000 in the deal, but until the sale closes escrow and the new deed is recorded, the buyer can back out and you're back to "start". What they offer is a very expensive sure way out - sort of like trading in your old car at the dealership to buy a new one. You might be able to get more for the car in the private market but you'll have to go through all the work and until you have the buyer's money, you don't have anything. With the dealer, you're done - for less money in your pocket.

    Its an option and apparently, the only "sure thing" out there that I'm aware of.

     
  • At 8:12 PM, Anonymous findbo said…

    What happens if you tell the timeshare owners that you are not going to pay any more maintenance fees and they can do what ever they want with your unit? Wouldnt theis be better than paying thousands of dollars for "relief"?
    What are the legal steps they can take to make you pay for something that is basically worthless?

     
  • At 3:26 PM, Blogger beenthere... said…

    Only in timeshare land is something so devalued you have to pay 25-40% of purchase price to have someone take it off your hands. I think it's unnecessary but I am sure it is hard when people feel desperate about what the maintenance fees are going to do.

     
  • At 1:38 PM, Anonymous Anonymous said…

    I just went to a Timeshare Relief meeting yesterday. I want to believe them because I want to get rid of my timeshare but I couldn't trust them. They tell you all the bad things about timeshares and I agreed but also they told me that they will transfer my timeshare to a Corporation. But they couldn't tell me why the corporation is interested in buying timeshares.
    If timeshares are useless, difficult to use and a financial burden, why some people or corporation wants timeshares on their name?

     
  • At 7:43 AM, Anonymous Anonymous said…

    Seller beware!!! Dealing with Timeshare Relief was terrible. You meet with them and after signing a contract they don't want to hear from you. If you try calling them, the person to whom you signed the contract with at the meeting, they won't talk to you and we actually had the person hand up on us when we asked for a refund within the 3 days timeframe.

    I suggest anyone considering dealing with this company think twice before handing over a check or your credit card.

     
  • At 12:25 PM, Anonymous zorak said…

    Replying to findbo...

    More than likely you would not want to stop paying the assements, etc. to your timeshare company. It depends on your contract, but apparently most timeshare contracts contain verbiage that allows them to place liens on other items you own (like your home) to recoup their money. I've also heard talk about most contracts being "in-perpetuity", meaning when you die and your children inherit your timeshare then they will also be stuck with paying those pesky maintenance fees. What a racket!

    BTW: I have a timeshare to sell if anyone's interested. :-)

     
  • At 5:28 PM, Anonymous Anonymous said…

    I've owned a timeshare for 22 years and I've tried everything. You can't sell them, give them away. I know, I've tried everything. Anyone who thinks they can get rid of it by themselves must never have owned one.

    Something not mentioned is you get a tax writeoff if you have a loss. May not be much but it helps offset some of the costs

    Timeshare developers should be drawn and quartered. ..... The biggest thieves in the county. Makes me sick to see a young couple walking out of a timeshare sales office excited about having just spent $30,000 on a timeshare..... true story with a well known company in San Antonio this past June. I didn't have the heart to tell them the truth. I just wanted to hang my head over the river wall and barf.

     
  • At 9:18 PM, Blogger Matthew said…

    Legal question:
    Couldn't you simply start your oun Corporation or LLC and then DEED the Timeshare to the corporation and file the transfer on public records.......and then disolve the corporation and let the timeshare die along with the corporation? Just a thought (A person can make up a corporation for under $300....if they do a little research....and this seems like it would do the trick)......I'm calling my lawyer, because paying a company $3500 to do something I can do for under $1000 just seems stupid to me. Sounds like another scam to take advantage of people that got scammed. I'm going to do some research, and if I find out what I think I'll find out....I'll have people deed me their timeshares to one of my corporations and I'll do it for half of what Timeshare Relief Inc is doing it for........brilliant

     
  • At 10:55 PM, Anonymous Anonymous said…

    Ok seriously...use some logic here.

    Firstly, if your timeshare cant be sold for even $1 on ebay...no post card company is going to take it from you for any amount of money.

    If the timeshare can be sold for any amount of money, they will gladly take it from you along with your hefty fee.

    If it cant be sold at all (which honestly is the case for some) do you really think they are going to take this "burden" from you and be stuck with it for life?

    If the timeshare sucks that bad, its not like 3000 dollars is going to pay for it for the rest of its life, no company is going to take on a burden they cant get rid of for an upfront fee.

    Fact is they have to get rid of it somehow, and if THEY can get rid of it, YOU can get rid of it yourself for far cheaper.

    The biggest issue is that people dont understand that timeshares depreciate at a nearly exponential rate as compared to cars. You cant just drop the price you paid originally down by 20% and expect it to sell, the resale market just wont support it.

    Fact is you will be EXTREMELY lucky to get 50 cents on the dollar for what you paid from a developer for a timeshare, and thats only the top tier resorts.

    Put your timeshare on ebay for $1 with no reserve. It costs you 1/10th the fee thes Post card companies charge.

    If it sells, you saved yourself thousands of dollars and are done with your timeshare.

    If it doesnt sell or wont sell, then its not likely the PCC will take it from you either. Dont believe me? ask them yourself. All of these companies have a list of timeshares they wont accept at any price.

    Now ask yourself why that would be the case if they truly dont plan on getting rid of your timeshare after you give it to them on top of your money.

     
  • At 1:30 PM, Anonymous Anonymous said…

    I also have a crummy timeshare I'd like to be rid of. I got the TSR postcard, and being burned too many times by ANYONE in the timeshare industry, realized it was another scam. Pay close attention to their website which doesn't reveal ANY details about what they do. Also the staged "interview" with the owners. I strongly suspect any comments on this board that are positive about TSR were posted by TSR. Bottom line is, the timeshare industry is crooked from top to bottom.

     
  • At 7:42 PM, Anonymous Anonymous said…

    I just got home from the Chicago TR seminar and I'm seriously thinking about paying the 3k to sell mine. I look at it this way w/kids it's too difficult to get away each and every year and it already costs me about $425 in maintenance costs which will only go up! So paying 3k now will pay me back a lifetime of savings after 5 yrs....now that's math that does make sense to me, but I'm still going to sleep on it.

     
  • At 9:45 PM, Blogger jmm said…

    I went to one of their meetings a couple of weeks ago and left pissed. I wound up sitting through another high pressure speel just like the one I went through when I bought the damn thing. I wish we could line all these scammers up against a wall and shoot their kneecaps out.

     
  • At 4:53 PM, Blogger timeshareloser said…

    I gave Timeshare Relief over 4K last February. Now, I have no deeds to the intervals, and I am receiving maintenance bills.
    They have not responded to registered mail and I would be willing to participate in a class action suit if there is interest.

     
  • At 11:20 PM, Anonymous Anonymous said…

    Just found this forum to read more about Timeshare Relief. I am curious if the Timeshareloser ever got any response back from TR. There are no date posted on each comment, so it is hard to judge when each thread starts and ends. Timeshareloser apparently is a new blogger (April 2008). So I am very interested in the detail on his recent TR experience.

     
  • At 12:29 AM, Blogger Hawaii Interest said…

    I'm interested to get responses from anyone who actually used services from Timeshare Relief Inc of Torrance, CA. Did you get results? Are they a Legit Company? Please E-mail me and advise.

     
  • At 3:17 AM, Anonymous Anonymous said…

    Went to a TR meeting and was convinced giving them $5000.00 to relieve me of my worthless timeshare was the right thing to do especially since the people who created this company, were victims themselves. It seemed suspicious that they had a "corporation" willing to take the properties off our hands. Months after going through BS with their closing company (in Florida no less), I did some research. To my surprise the title of my first property was transferred to a company called VI Network and low and behold, they are Timeshare Resellers! So our worthless timeshare that only 3% of owners are able to sell, was given to a timeshare reseller who will no doubt sell it for profit. After all, they are getting it for free! Also, if you read TR's contract they make sure they do not disclose anything about a "corporation" taking over your useless timeshare but it is the highlight of their presentation. Because my situation is being reviewed legally, I am not at liberty to divulge anymore info about my personal plight but don't trust them. There really are other options out there, it just takes a little effort. Better than paying someone thousands only to find out they are going to profit from your loss. Timeshare Relief should be called Timeshare Grief instead.

     
  • At 6:02 PM, Anonymous Anonymous said…

    DO NOT USE THIS COMPANY!!! Unless you are desperate to unload a timeshare, you will be out of your money faster than you can say "Hello." Search the web and see how many complaints there are about Timeshare Relief. Do not work with Jeff Warner, who is in charge of their Internet Team. His profile makes him seem like a nice guy, but boy is he a scammer and a sheister! And boy is he a LIAR!!! Feel free to ask me how he tried to talk circles around my mother-in-law. I'll gladly let you know the facts about Timeshare Relief!

     
  • At 6:03 PM, Anonymous Anonymous said…

    DO NOT USE THIS COMPANY!!! Unless you are desperate to unload a timeshare, you will be out of your money faster than you can say "Hello." Search the web and see how many complaints there are about Timeshare Relief. Do not work with Jeff Warner, who is in charge of their Internet Team. His profile makes him seem like a nice guy, but boy is he a scammer and a sheister! And boy is he a LIAR!!! Feel free to ask me how he tried to talk circles around my mother-in-law. I'll gladly let you know the facts about Timeshare Relief!

     
  • At 11:46 PM, Blogger annonymous said…

    I just happened upon this page... I'm sure Timeshare relief has issues based on all the bad comments however the blog poster has a choice of whether or not to post a blog. Everyone in CA knows about the 3 day cooling off period for contracts, whether buying a car, a house or this service. Please do your research before buying a service and signing a contract. This is a good example for others to learn from

     
  • At 9:29 PM, Anonymous Anonymous said…

    I'd very much want to participate in a CLASS ACTION SUIT against Timeshare Relief as well. They are scummy crooks who took $3200 from me back in 2006 and still have not transfered my timeshare. I still get the maint fees and they dodge my calls. I wish I could afford an atty. STAY AWAY FROM THESE SCAMMERS!!!

     
  • At 5:54 PM, Anonymous Anonymous said…

    We just talked with a consultant from timeshare relief, inc.-Eric Malloch and he asked us to pay $3995 to get us out of our contract. We are so desperate to get out of this mess-timeshare, they seemed to have compassion to help us. Is this the right thing to do? Our maintenance fees are getting higher each year. We need to get the BEST RELIEF from this.

     
  • At 12:28 PM, Anonymous Anonymous said…

    Today they told me that it would cost me 5k plus. When I told them I would give it to a friend for free they lowered the cost by 3k. You can not take a capital tax deduction as they claim. But they use the wording (maybe) to cover there butts. I won't be paying someone to take my timeshare. I did research this company and there are complaints every where.

     
  • At 7:47 PM, Anonymous Anonymous said…

    I definitely would not work with Timeshare Relief after they took my $3500 and then never transferred the Timeshare. It was sent to another company TCS Timeshare Closing Service out of Florida and between the two companies I have been getting the runaround for over 18 months and I AM STILL THE OWNER AND PAYING THE FEES. They took my money, never provided service and are just moving on to their next victim. STAY AWAY FROM TIMESHARE RELIEF!!

     
  • At 2:05 PM, Blogger Hawaii Interest said…

    From everything that has been posted so far, I would say DON'T USE THEM.

     
  • At 2:49 PM, Anonymous Anonymous said…

    I gave them deeds to more than one timeshare when I planned to use them. /that day, I looked them up and canceled, but they won't return my deeds even though I still am responsible for the maintainance fees and still own.

     
  • At 8:16 PM, Anonymous Anonymous said…

    Thanks for all the info. I scheduled an appointment with Timeshare Relief but won't show up after reading all the negative comments.
    Will from WI

     
  • At 8:17 PM, Anonymous Anonymous said…

    Thanks for all the info. I scheduled an appointment with Timeshare Relief but won't show up after reading all the negative comments.
    Will from WI

     
  • At 5:38 PM, Anonymous Anonymous said…

    Wow! I can't believe people actually pay money for someone to take their timeshare.Barnum, was right, there is one born everyday.I own a timeshare, and love it.Three bedrooms,jacuzzi in the master bedroom,Three bathrooms, and the money I save by the four of us eating in pays for the maintenance fees.Dining out cost $125.00 for 4 just for dinner for one night, now let's talk about breakfast, and lunch, another $80, and I am being frugal.One hundred dollars buys enough food to last the week. So 225x7= $1575. Now how much are your maintenance fees? $600, which means you can eat out a bunch of times.Keep your timeshare and use it.Enjoy your vacation.

     
  • At 6:30 PM, Anonymous Anonymous said…

    What groceries can you buy to feed four for 100 a week?

     
  • At 1:25 PM, Anonymous Anonymous said…

    Okay, I think I get it. If you really wanted to get rid of your timeshare and were willing to pay to do so, you might go to Timeshare Relief Inc. Having said that, it looks like there have to been too many instances with them not carrying through with their part of the bargain. So, forget that route.

    I notice at the top of this blog page, a link another site which "GivewayTimeShare.com" which appears to be driven by "ARDA - American Resort Development Association". It indicate that they do not charge fees, etc., to get rid of a timeshare.

    Has anyone dealt with this company and, if so, what are your thoughts / recommendations, etc?

    Thanks

     
  • At 3:41 PM, Anonymous Anonymous said…

    has anyone heard or used a company called GMAC Realestate (Timeshae) resale? Please advise of information.

     
  • At 1:13 PM, Anonymous Anonymous said…

    I just read that Timeshare Relief lost a lawsuit! We signed up with them. Should we be worried? Here is the link: http://answers.yahoo.com/question/index?qid=20090419212244AAv5Y0R

     
  • At 3:38 PM, Anonymous Will said…

    i went to their presentation and it sounds very convincing. the fee u pay them is a lot but i gues if u add up the fees you'll be paying over the years, its better to just get out of it now. still havent decided if i want to do it yet.

     
  • At 10:34 AM, Anonymous Kimberly Swanson said…

    Is Exit Timeshares the same sort of company? It is "exit timeshares" or "Exit Timeshares"

    I'm just wondering because they took my money and I'm not sure if it's done. I was going to use this Relief company but it looks about the same.

     
  • At 1:06 PM, Anonymous Anonymous said…

    Hey, thanks for the comments about Timeshare relief Inc. -- they sent a card and followed with a confusing telephone sales pitch that involved a lot money and a lengthy six-tesp process with no clear idea of when the transaction would complete (they use subcontractors). Hey, watch out for these guys!

    Don C.

     
  • At 7:55 AM, Anonymous ousooner96 said…

    I agree that people who come to this site to tell us how good TSR is, is totally suspicious. I came here because I was curious about what TSR was NOT saying in their cards, website, etc. to get us to come to their presentation. Personally, I now understand and in my opinion think it is pretty ridiculous to pay someone to buy your property. For example, "Sir, will you take $5,000 to take my paid off home off my hands? I know it still has annual taxes you will have to pay." Think of it in that scenario. Or "Sir, will you take $2,000 to take my Pacifica since you will still have to pay annual registration fees and gas?" Every situation can be put in a good or bad light. Here is ours.

    We bought a 3 bdrm, lock off option, high end unit from a company that rhymes with Hariott Vacation Club. We have had it for about 3 years. We own the deed and just pay our yearly fees. We have never stayed in our home unit. We have locked it off and done two trades per year for trips to Hawaii, Orlando, Galveston, Sedona, and Panama City. We traded for points one year, which for those who have Hariott points it can be valuable for little weekend getaways when you don't want to do a full week. We are a family of 4 and our boys are 7 and 10. We made this decision to travel and because of the quality of our home unit, we can generally guarantee a quality resort when we trade. I may sound like a snob, but I have done a lot of US travel and know first hand the ups and downs of taking a chance on a hotel or resort without seeing it first. At times we think if we sold our unit and just took the Interval International offers we would be better off. But worst case scenario, we use ours and do no worse than break even money wise each year (even amortizing our up front purchase cost.) I am more interested in renting our place since it is such a good location (less than a block east of MGM & New York New York) and top quality fitting of Vegas Baby;-)

    Thanks in advance for comments and opinions. And for what it's worth, you TSR employee posters, at least be honest enough to tell us you are pitching your company on this site. You know you don't fool 80% of us, but it really is only the other 20% you want anyway, right? Yeah, I know the 80/20 rule. When you stop putting your selfish motivations first, understanding and peace will follow.

    Regards,
    T.S.
    Tulsa, OK
    Boomer!!!!

     
  • At 7:31 PM, Anonymous Anonymous said…

    Anonymous:
    We just had a conference with TSR.
    We just wanted to know how they made their money. I thought it was from time shares that they took over and then rented out. I was surprised to find out that we would have to pay them $3495. for the honor of taking over our timeshare. I think we will try to think of another way to unload this. I just smell another high pressure scam that got us into this in the first place!

     
  • At 8:16 PM, Anonymous Anonymous said…

    For those of you who wish or need to get out from under your time share . If it is paid for and the maintance fee is current, don;t get sucked into these scams that want 3-4K to take it off your hands, call your time share if everything is current they will take it back, after all when these scammers get them if they are not in a high profile area thats all they do, give them back and you paid them for doing something you could do for in most times free if not for very little.
    Robin from CA.

     
  • At 6:39 PM, Anonymous kryptickat said…

    I just left the sales venue and had very uneasy feelings. #1 They wern't very buisness-like. #2They were overly friendly and presented a happy "to help you" persona because they felt so bad about how time share owners were being taken advantage of. They had all been there! Anyway I am in the process of canceling my contract and have contacted my attorney for any other follow up.

     
  • At 9:57 AM, Blogger Ed Decanniere said…

    Paid them...now waiting for the other shoe to drop! wish I had researched this before I jumped in. keeping fingers crossed. Someone said that I could call my timeshare and they would take it back....dream on. you can't even give one away!

     
  • At 1:20 PM, Anonymous Anonymous said…

    I almost bit! My $2995.00 was almost in the mail when I decided to search the Internet for reviews. Am I glad I did. The pitch was good, not too high pressure, but something about this bothered me. I called the timeshare office and was advised to avoid any agreements like this like the plague. She said they ALL were scams in one way or other. Now my attorney says the same. Take heed my friends; you have been forewarned!

     
  • At 12:04 PM, Anonymous whatascam said…

    After reading all the reviews I think the answer to the question asked by several commenters of why Timeshare Relief, Inc. would buy timeshares if they can't resell them is obvious. They have nothing to lose and the potential of gaining much. They get their fee of $3000 to $5000 simply for accepting the unit. They do not pay the maintenance, etc. fees, the previous owner continues to do so until if and when they sell the unit so Timeshare Relief has no expenses and so no great incentive to try to sell the unit. If they chose to rent it or use it themselves in the meantime, they apparently also get to keep all the money for that. But if by some chance they do manage to sell it, they get to keep whatever they get for it, whether $1, $1000, or whatever, as additional profit. What a sweet deal for them! Imagine paying someone $500 to take a car off your hands yet agreeing to continue to pay for license, insurance, and repairs for the car for as long as the new owner owns it, and then letting that owner having any money received if he sells it! Who would fall for a scam like that? Yet apparently people fall for the identical Timeshare Relief scam.

     
  • At 7:15 PM, Anonymous Anonymous said…

    Now I'm more confused than before I read the blog!!Is the contract legal? If so, it says they pay all feesfrom that moment on. what's the REAL deal?

     
  • At 2:39 AM, Anonymous Anonymous said…

    Here's the deal.

    Timeshare Relief sends out a card sayi9ng they can help you get out of your timeshare. They don't say how much it will cost, they only say they will be in your area for a "meeting". Uh-huh... sound like how you got into the time share in the first place?

    When I got a card from them I wondered about it, no one helps others for nothing. So I went to the Web site, not only nothing about what they will charge, but it is unclear what they will do! They also add a feature that your kids will be legally responsible for the timeshare after you die. I wonder about the truth of that claim.

    So a Google search shows people talking about paying exorbitant fees to the company to unload their timeshare.

    That's the trick here. Maybe they DO take the timeshare off your hands, but at what cost?

    Are their other alternatives? Remember if it sounds too good to be true, it usually is too good to be true.

     
  • At 11:10 AM, Anonymous Anonymous said…

    Timeshares are a great idea! If you're the resort owner that is. Anyone who "buys to own" a timeshare has not done their homework. In reality you "bought" and "own" nothing! You just paid a handsome fee UPFRONT to the resort developer to get your name on his list of welcome visitors each year for the timeslot chosen...so long as you pay his yearly maintenance fee for your unit, property taxes and general overhead expenses as noted on your contract. Those costs by the way WILL go up each year typically, there probably will be SPECIAL ASSESSMENTS they don't really advertise during signing you up AND in almost all cases you CANNOT EVER END OR PAY OFF YOUR CONTRACT! EVER!!! You can die and it won't matter as they put verbiage into your contract that it (the contract) lives on FOREVER and PASSES to YOUR HEIRS!!! You actually are given a completely deed that is title to nothing but your time alotted to visit or points you can exchange. Take it to a bank and ask for a loan using it as collateral. See how hard they laugh at you. In only a small percentage of the thousands of existing resorts are you really able to sell your timeshare and even then you rarely will get back what you originally paid. The truth here is the resort sticks you with a piece of their annual property tax, on the property the resort owns not you, and that is how it is stuck in your family FOREVER. It passes in your estate and the resort contract with you, forcing you to pay, is protected by U.S. Estate Law. Go ask your attorney. You can't even include your timeshare in a bankruptcy! You are really stuck! It's really almost impossible to get out of it, sell it or even give the stupid thing away. Why? Because the resorts are renting them like hotel rooms for LESS than you PAY in annual maintenance fees! Isn't that a hoot?! Jokes on you. You should've done some homework and just rented the dumb thing for your travel needs versus paying thousands to "own" it AND you get the honor to PAY EVERY YEAR, use it or not, FOREVER! Are we laughing yet? Also to those slamming certain companies who do actually succeed in ending your FOREVER contracts, many ARE SCAMS and there are about TWO in the ENTIRE COUNTRY that DO GET YOU OUT. Yes it will cost you for them to do it...but they can and do! Again, do your homework. Check them out on the Better Business Bureau website as a start. Anyone with a "C" rating or below...you should probably keep looking to find the TWO who can help you. Good luck!

     
  • At 4:53 PM, Anonymous Anonymous said…

    Been trying to unload a Vegas timeshare and doing research on this company...
    Want to know if they'll take my money and still make me pay maintenance fees? If they take it, I don't care what they do with it.

     
  • At 6:38 PM, Anonymous Anonymous said…

    I have a theory to answer the question "why would this "corporation" want to own our timeshares?" - especially after expending so much effort on convincing owners of them that no one should ever own one. If I may, the founders of TSR may be implementing a genius, albeit slightly enhanced plan using proven a strategy of highly successful private equity groups. Imagine for a moment, there is a 200 unit hotel located on the beach front of very highly desirable vacation spot. As a single piece of real estate, this could be worth tens of millions of dollars. But, as one successful developer has already extracted what appears to be all of the value of property by selling it as time-share, the property is one conveluded multi-owned mess. But alas, what if one entity, say a "corporation" was able to acquire all or most of the units for little to nothing? Even better, what if this "corporation" actually GOT PAID to take these units from disgruntled owners who were only too happy to give them up - beaten down by a bad economy, pushed over the edge by a sympathetic sales presentation? Would not the owners of such "company" stand to gain untold millions by slowly acquiring the hotel in miniscule pieces. It's genius I tell you! - No Thanks, TSR, I am keeping my time share. You still can't convince me that last year when I paid $1100 in maintenance fees I could have still gotten 27 days in 5 star accommodations on Hawaiian beach front for less and was still able to send my nephew on a 9 day vacation with my remaining points. It's all about how you use what you got!

     
  • At 9:52 AM, Anonymous Anonymous said…

    All this talk about paying a fee to unload your timeshare!! I you own a timeshare and want to get rid of it all you need to do is stop paying the maintenance fees. Once you are in arrears with the maintenance fees the ownership property will repossess your timeshare. They will they resell it to someone else. You don't have to pay any upfront fees to do this. I know this for fact because I have purchased a resale timeshare that was repo'd by the property owners from a timeshare owner who quit paying those maintenacne fees.

     
  • At 7:19 PM, Anonymous Anonymous said…

    I would like to know about Timeshare Relief Inc. Can someone tell me if this is really a good company. I hate to pay money up front and then not know if the liability will be truly transferred or not at the resort I own.

     
  • At 1:25 PM, Anonymous Anonymous said…

    @Anonymous: Regarding maintenance fees, if you stop paying them, the resorts will go after your property. Yes, the timeshare will be repossessed, but at a heavy loss to you. I suggest thorough research before you advise others to make a financially unsound and damaging decision.

     
  • At 8:45 PM, Anonymous Anonymous said…

    I have a timeshare in Mexico (Cancun). If I stop paying the maintenance fees, are there any consequences or actions that they can take against me (ie. credit, property, lawsuit)? I am not sure what they could do to me since I am not in Mexico. Could I be stopped at the border by the collections company?
    Anyone have experience with TS in Mexico?

     
  • At 12:48 PM, Anonymous Anonymous said…

    Interestingly, Timeshare Relief, Inc. is listed on the INC5000.com as #318 out of 5000 profitable companies in 2009... and the way they make there money is asking for it "up front"? Sounds fishy to me... If they are going to buy your timeshare, why do you have to pay upfront? hmmm..... is there anyone been happy with their services?

     
  • At 9:09 PM, Anonymous Anonymous said…

    I would like to hear from someone who has actually used the services of TSR and achieved the desired result. And some kind of verification that it is not just TSR "shilling" a response

     
  • At 12:56 PM, Anonymous Anonymous said…

    Timeshare Relief is also: Transfer on the Spot, Transfer America and whatever new company name they come up with this week and call it "branding". the only thing they transfer is your money out of your pocket.

     
  • At 7:20 PM, Anonymous Anonymous said…

    Wtf?? Let me get this straight.

    You pay over $10,000 for a timeshare (for example).

    Then you pay another $3,000 to $5,000 to get rid of it AND even worse the company can make double profits by reselling it again.

    I don't care how desperate to get rid of it. I rather give it away for FREE than pay someone to "dispose" of a timeshare that has a lot of money, if not as much as money as a new car, in it.

    I am willing to pay a commission IF the person as willing to sell the timeshare for me and actually EARNED the money. BUT never would pay someone upfront. Why should they sell it for you when they already got what they want (aka: money).

    THAT is poor money management and being a down right idiot.

     
  • At 9:10 PM, Blogger Unknown said…

    A will cannot "saddle" you or anyone else with the financial obligation of a timeshare. It is a scare tactic.

    Timeshares are still being sold at full price--why can't you sell one at reduced price? Anyone who says different is selling you something just as timeshare companies are selling something.

    I am an attorney, own a timeshare, and have several friends who have purchased timeshares from individuals for a reasonable price in the last year. DO not pay someone in advance to sell a timeshare---in this case, "Seller beware."

     
  • At 5:48 AM, Anonymous Anonymous said…

    I actually work at a timeshare in the department that processes deeds. It is so upsetting to see our owners taken like this, because if they owe no mortgage or maint fee -- the same conditions these "companies" have -- all they have to do is ask for a surrender. It costs absolutely nothing. Many times the ones approached are elderly, have used their timeshare several years, and are just ready to avoid annual fees. And, no, resorts cannot attempt to bind an heir to a contract agreement made by a parent. That is ridiculous to even think could be done.

     

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