Post reply
Original Message:
Some clarification apparently required here... (by KC):
jayjay wrote:PostCard Companies (PCC's) while certainly collecting a substantial amount of advance money, are not actually "resale companies" at all.Also, upfront fee resale companies will tell you all kinds of lies to get the upfront fee.....
PCC's instead utilize third party entities (Vacation Innovations Inc., better known as vininc on eBay, being among the most prominent) to dispose of PCC-"acquired" timeshares. The reseller makes most of its' money from the closing costs (...even if the sale is for only pennies). The PCC ALREADY made its' money --- directly from the owner.
Although I cannot and do not personally recommend using PCC's, if a truly desperate owner wants "out" badly enough (and has no loans and all fees are paid up to date), they MAY actually be willing to pay a PCC $3k to get "out". If so, that choice reinforces my critically important point above to VERY clearly understand the difference between transfer of ownership by new, recorded, valid deed (which makes it a legally "done deal") versus a mere Power of Attorney (which provides ABSOLUTELY NO guarantee of any future ownership transfer).