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Original Message:
You got mail... (by KC):
jerryc44 wrote:I am not Lisa Ann Schrier, but it doesn't take an "expert" to answer this particular question...I get mail offering to get me out of my timeshare (guranteed ) they will make me an offer.Whats the catch?
These mailings are from so-called "PostCard Companies" (although, these days, many such mailings come in an envelope instead). They invariably invite you to "a meeting" in your area", providing no other meaningful information or details until you actually "attend" (preferably accompanied by a copy of your deed and your credit card).
A PCC MAY "get you out" of your timeshare --- but they will do so ONLY after you first PAY them somewhere between $2,500 -- $3,500 (...so, there's the "catch" you asked about). Sound good to you so far?
Even after taking your money, the PCC may not actually transfer the ownership into their own name, instead merely executing a Power of Attorney with you, which authorizes the PCC to sell (or give away) the timeshare for you IF THEY CAN (...and they will keep any and all money received from a sale, by the way). If they CAN'T sell it or give it away, then YOU will still own it (and you will still own the future annual maintenance fee obligations too). Still sound good?
Please make sure that you very clearly understand the difference between an actual transfer of ownership, which is completed by the official recording of a new deed in a new owner name vs. mere a Power of Attorney. A mere PoA still leaves YOU as the owner of record in the eyes of the law until such time as a new valid deed is recorded in the name of a new owner. Recorded new deed in new owner name and mere PoA execution are as totally different as night and day.
In either instance, the "upfront money" required from you, which will generally be several thousand dollars, will likely send you promptly running away anyhow....