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GMAC Timeshare Division (by Philip B.):

blackdog3 wrote:

I was recently contacted by a rep from GMACTD about renting or selling my timeshare. It would require a one time fee of $699. Has anyone had any expirience(good,bad) with this company?

Thanks

I paid the $699 in November 2008 and I had 2 weeks in RCI and 1 week in Hilton Grand Vacations (all had 2 bedroom) and was told that there would be no problem renting these out while making $2500 for each week. That was a big lie, nothing happened with those 3 weeks and nothing has happend so far this year. I called them to complain and asked for my money back and all they would say is "YOUR SIGNED A CONTRACT, there's nothing you can do". I warn you not to get into this rip-off. I asked the Customer Service Manager for his boss and he tells me that he has no boss, he's the only guy I can talk to. SAVE YOUR MONEY.

Also, stay away from TIMESHARES.COM, another rip-off.