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Re: Successful Resales & Rental Feedback Wanted (by Lance C.):

jeannel50 wrote:

I searched the forums and didn't get any results. Has anyone done business with Corporate Travel Services of America (CTSAglobal.com)? They claim that corporations buy timeshares as an investment/tax break. They only ask for a committment deposit. My timeshare is in foreclosure so I need to sell to someone fast!

Why would they need a commitment deposit from you? You're the one (allegedly) selling. This is another way of asking you for a large upfront fee.

Never, ever pay anyone a large upfront fee to sell, rent out, or market your timeshare.

Corporations do not buy timeshares. That's a line these scammers use to separate you from your money.

And no one is going to buy a unit that's in foreclosure unless it has already been foreclosed upon and the resort is selling it (after repossessing it). And no one is going to buy a timeshare with a mortgage or maintenance fees owing on it. Your best bet is to pay whatever mortgage and maintenance fees you owe. Then try to sell it for a low bargain basement price.

Keep in mind that many timeshares can not even be given away right now --- even ones that are free and clear of any liens.