Original Message:
Re: EBAY $1.00 TIMESHARE AUCTIONS DEVALUING ALL TIMESHARES .... (by R P.):
carries25 wrote:If I'm not mistaken, the $1 eBay sales are really $3000 or some such sales, as that is what the original owner is paid by the company selling them.
Actually, just the opposite occurs. Postcard companies charge desperate owners $3000 + - to take their timeshare off their hands. They then turn around and auction those timeshares on Ebay for $1.00. The original owner is paid nothing, but they are relieved of any further timeshare obligations as owners (ex: maintenance fees).
If the timeshare on Ebay sells for $1.00 the postcard company makes a remarkable profit, however if the $1.00 timeshares do not sell the postcard companies are responsible for upcoming maintenance fees and special assessments.