Original Message:
Re: IBD-MARKETING . HAS ANYONE HEARD OF OR DEALT WITH THEM ? (by Carvan A.):
toniw8 wrote:I insist it's not real estate because once again real estate is TANGIBLE. A week is NOT, a week is TIME. And as far as taxes are concerned, if Uncle Sam could tax you for just breathing, you and I both know he would.Response 1
Toniw8, if you own a timeshare, please refer to the warranty deed conveying the property to you. You will see that you own a fractional interest in real estate described as unit ____ and week ____. The deed will contain language similar to this: "Grantor does hereby fully warrant the title to said land . . ." Land is real estate and it is tangible. You cannot paint your unit or change the drapes because of the declaration filed in the real property deed records by the developer when the timeshare was first offered to the public. The declaration is a binding deed restriction that prevents you from painting or otherwise disturbing the property. But, you do own a fractional interest in the land. The warranty deed is filed in the deed records for real property not the personal property records for intangible property.
You say Uncle Sam would tax you for breathing and therefore he taxes your timeshare. Your lack of training is really showing with that statement. Uncle Sam does not tax your timeshare. The local taxing authorities tax your timeshare and they collect ad valorem taxes also known as real estate taxes.
Am I misinformed? Not trained correctly? Call our customer service (877-267-2125) and ask the owner of the company as he checks what I post before I post it. You won't be seeing me lose MY job for misrepresentation.
Response 2
Toni, you would lose your job if you worked for me for claiming that a timeshare is not real property and for claiming that Uncle Sam taxes it.
Funny you state "from a real company". Check us on www.sunbiz.org, do an entity search for the name Integrated Business Dynamics, and then tell me we're not a real company. We've been in business for over 6 years, and stayed in business under the same name, as we obviously do what we say we will do...which is get the job done. Why would you ask somebody who has nothing to do with us for information she obviously wouldn't have? So you can really get a MISINFORMED answer? And the AG and D.O.A have investigated us several times, they can't prosecute us if we're not guilty of anything.
Response 3
Toni, you may not be technically guilty of any crime and I am sure that attorneys have reviewed your contracts to ensure that you conform to state laws where you do business but the public certainly should be warned that it is highly unlikely that a sale will result from their payment of upfront fees for your services.
It's a shame we have to take the black eye for the original scams, but some people just don't know how to get over the fact that things change, and some people have actually found a way to make the resale market work with the right tools and man-power.
Toni, see my numbered response to each of your claims above.
Toni, there is a crying need for someone out there who makes the resale market work and if you have discovered the magic formula for reselling timeshares, it seems you would be willing to collect your fee after the sale rather than before. Such action would certainly enhance your reputation and remove the black eye you mentioned above. The world will beat a path to your door and children will bow down when you pass if you are as good as you claim and you change your business model to collect fees after you have sold the timeshare rather than before!