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Alert to Timeshare Scam (by Mary P.):

I received a postcard from Apex Professionals LLC from Reno. They were setting up appointments in my city this weekend to make an immediate 'offer' on timeshares that were on their list. I own 4 and was contemplating getting rid of 2, if the price was right. I was told it would be 30-40 minutes. 5 of us were ushered into a meeting room (all except me were VERY senior citizens). The presenter went on for over an hour on what a terrible mistake we made in buying a timeshare and how we owned it for life and can't get rid of it, even by filing bankruptcy and there's no market, there's special assessments, fast rising MFs, etc. It was an hour of scare tactics and hysteria on what a terrible burden we were stuck with and our children and grandchildren. He basically called us stupid and uninformed and said if we take their 'offer' we will immediately be free of our burden and can deduct any loss we take and even showed the IRS form on the screen. I was so mad at the insulting presentation that I almost left but wanted to hear their 'offer'. After the hour, we broke off into one-on-one meetings with another person. Bottom line: They will 'take' your timeshare to save you the MFs and you pay them $3495 for all closing documents to be free of this terrible purchase!!! I PAY them to take my timeshare - all Red Weeks, Gold Crowns in tropical areas???!! My concern was that seniors were the target and with the economy and the hour of scare tactics, that they would be scared into paying these scam artists to take their timeshare, which they then rent out. It was an immediate transaction with no time to think about it. We were told to bring our documents. I spoke to one senior in the parking lot afterwards and she also was insulted and said she'd never do it. Please be forewarned and don't waste your time unless you just want to go and hassle them or be entertained with the performance. I've reported them to Reno's BBB - I hope the word gets out.