donating a timeshare

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Original Message:

Don't go there... (by KC):

jayjay has stated: >> I don't remember the guy's name but he has posted here before. He has set up some kind of trust and he will take your timeshare for $300 then put the timeshare in that trust so the resorts can't touch him with back fees (or something to that effect .... I'm not familiar with that kind of trust or if it's legal).

I would be very leery of doing business with a shyster like that.<< ===============================================

The man's name is "Warren". I believe his last name begins with the letter "F". l further believe (although I'm not absolutely certain) that he was / is located in Salem, New Hampshire (at least at the time of his postings on RedWeek). If I had his contact info, I certainly wouldn't provide it anyhow, since I believe that his scheme is criminally fraudulent --- and I wouldn't want to facilitate or encourage others jumping into it.

There is nothing intrinsically wrong or unlawful about a "trust" having ownership of a timeshare; many people choose to have ownerships in a (lawful) trust. However, if / when a "trust" is actually just a shell entity comprised of non-existent people, fabricated to deceive and defraud others, then anything and everything conducted by or with the phony shell trust is legally invalid and void. Conducting real estate transactions (yes, timeshare transfers are real estate transactions) under such a scheme, with the intent to deceive and defraud, is committing a criminal act. Collecting money from others (Warren charges $300, I believe) to advance the fraudulent scheme only digs the hole deeper. Last but not least, any "deed" generated and / or recorded in the course of fraudulent activity will be held to be invalid and void. The fact that such a deed may very easily get "recorded" when a recording fee is paid does NOT make that instrument legally valid just because it was "recorded".

Do as you wish, as is always an individual choice and prerogative, but my advice is to stay FAR, FAR away from this scheme, which clearly appears to be based on willful, pre-planned, deliberate fraud. If you "sign on" to this scheme, when all is said and done you won't like the ultimate outcome --- i.e., still owning (and still owing back fees and more interest on) the timeshare referenced in the new (but entirely void) deed.