Original Message:
Please report upfront fee scammers to Attorney General .... there's power in numbers ... Florida has begun (by Lance C.):
ruthh109 wrote:I would like to know if there is a new scam out since they are not going to be allowed to take an upfront fee to sell. This new one and seeing many companies come forth offering to take your timeshare property for a years cost of the maintenance fee. In our case our fees are $7500 yearly but they will be generous and take ours if we pay them $5995 to take it. This is Time Share Relief.com and the other company is Time Share Luxury.com and they will take our timeshare if we pay them $4495. We own 6,800 points with Diamond Resorts in Scottsdale, AZ and the resort is Villa Mirage. Seems funny the only way you can get rid of property is have to pay someone to take it. Do you have any information on this please.
These are usually scams and do not do what they lead you to believe they'll do. On these forums, you can read about these companies that agree to "take your timeshare off your hands" for a fee but all they're really doing is having you sign over Power of Attoroney.
What this essentially does is give them power to do what they want with your TS but YOU still are the legal owner (read: still responsible for the maintenance fees). When they have this Power of Attorney (and your upfront fee), all they do is list your TS on E-bay for a dollar. That's something you can do yourself for free.
If you decide to actually use this company, make sure you ask them to e-mail you a copy of this contract before you pay anything. Then, read the terms carefully to see what they're giving you for this upfront fee.