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Original Message:

Re: IBD-MARKETING . HAS ANYONE HEARD OF OR DEALT WITH THEM ? (by Gail T.):

cynthia281 wrote:
By the way, Galt, if you still owe money on your timeshare, you need to keep it and continue to pay, unless you are going to file bankruptcy and attach the timeshare to the proceedings. I don't know how it works, but you would definitely lose your timeshare in the process.

Salespeople are sleazy, upfront fee companies are slimy, and postcard companies, like Timeshare Relief, that charge people to take their timeshares, are scummy. There are all kinds of people out there, ready to take your money and give you nothing of worth in return. The timeshare is worth about 10% of what you paid, I would guess. So you are probably never going to recover your financed amount.

You can reserve units in sought-after resorts within Sunterra with your points and rent them.

I am a real estate broker and am constantly shaking my head at the value of timeshares. We have deeds, they are attached to real estate, but the value is not anywhere near the value of the total property, if you bought it to live in fulltime. I don't get it.

Thanks for the advice. I was shocked by the price they gave me. I would have been happy to get what we paid for it which was half of what they said they could get for it. I will check out redweek.com site for selling. We only have $2,000 to pay on it. IBD said that all that would be paid at closing when they sell.