timeshare assistance

Ive been told about this company , has anyone heard of them or dealt with them? They say your out of your timehsare in a week and no longer obligated as your name is taken off the deed you pay for the transfer and 1 years maintencen fees, they in turn sell the timeshare.

If it sounds too good to be true, then it probably is .... looks like just another timeshare scam.

Most of these companies invite you to a meeting at a local hotel and offer you a free gas card as an incentive for coming. They show a video designed to scare the heck out of you, and often times give inaccurate tax information. The bottom line is that they require YOU to pay THEM thousands of dollars to take the timeshare off your hands (usually between $3500-3995). The timeshare must be paid up in full (no outstanding mortgage or loan) and the maintenence fees and Special Assessments, if any, must be paid up to date.

They used to accept any timeshare under this scenerio but in recent years they have developed a long list of resorts and weeks they will not accept because the chance of reselling them, even for $1.00 on Ebay, is slim to nil.

If the week you would like to be rid of is not on the "reject" list, presumably it has resale value. You should try to sell it yourself through an ad here on Redweek, or at MyResortNetwork.com, and/or the Timeshare Users Group www.tug2.net. If that is not suceessful, then consider listing at www.Ebay.com.

woudl like to hear replies on this subject

DONOT DO ANY BUSINESS WITH THIS COMPANY. We paid them 2 years ago to do a transfer and nothing has been done. We kept getting maintenance bills and was told by Timeshare Assistance INC to ignore them and that they will handle them. Well, no payment was ever made. The transfer was NOT done. So the timeshare is still in our names and we now owe 2 years of maintenance fee. We are suing the compnay and if anyone has similar story, perhaps we can join forces to bring this company done. They need to stop swindling senior citizens with limited income. There is a special hell for the owner/ president: Stuart Vener and managers: Jim Elwood and Lisa Mari Elwood.