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Re: Property Donation Group

As a representative of Property Donation Group I will answer the questions per client request. 1. Was the $1,098 for closing costs and if so, were you provided a breakdown of the fees charged by the closing company? The fees should include deed preparation, estoppel fee (verification by closing company that all maintenance fees are current and that there are no outstanding mortgages or liens), fee for recording deeds, resort fee for changing name on the resort records, and a filing fee for recording the new deeds in the county deed records. My experience suggests the $1,098 was excessive for the closing but if you were desperate possibly it was worth it to you. A) A breakdown was provided. The fees included all of the above. This process is about more than just paying fees to get out of the timeshare also. The hardest part of the process is having someone to actually transfer the nearly worthless timeshares over to. No charities wanted these timeshares but we still handled the matter. 2. Prior to the closing did you and your spouse sign a deed conveying the title to the timeshares to a specific named charity or was the transfer to "Property Donation Group"? This information can be obtained by simily looking at your copy of the deeds or by calling the county clerk and requesting certified copies of the deeds. A) The title was not transferred to Property Donation Group and we never said it would be. These properties were handled through our Timeshare Relinquishment Program where a charity doesn't accept the timeshare but receives a cash donation from the proceeds. 3. Did you request in writing a written verification from the resort that the ownership records were changed and that you are not liable for any present or future maintenance fees. A) No request was needed because we have our title company send the client a letter of completion upon the recording of the deed. None of our clients have ever came back and complained that they got a maintenance fee after dealing with our company. 4. If the titles were conveyed to "Property Donation Group" did you verify that the company is not a sham but is actually authorized to do business in the state where it is located? Is it a LLP,LLC, C corporation or S corporation? If it is a proprietorship or partnership did you obtain the names of the principals and do a D and B on the business or at the very least a cursory google search using the names of the principals? A) Once again the titles were not conveyed to Property Donation Group. 5. If the conveyance was to a specific charity did you verify that the charity is an exempt (section 501C) charity by filing a Form 4506-A with the IRS? This information is available to the public and you can secure verification that the charity has an exempt letter from the IRS. A) They conveyance was not to a charity because no charities wanted these timeshares. 6. If the answers to the above question are no and you merely gave PDG $1,098 and a power of attorney to act for you then I would suggest you have more expenses ahead of you. The bottom line is, if you were unable to sell or give the timeshares away it is doubtful that a reputable charity would accept the timeshares because after all they received their exemption from the IRS to raise money for charity and not to manage an inventory of worthless timeshares. A) And again, no charities wanted these timeshares but we were still able to transfer them out of the clients name and he is happy with our service.