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Original Message:
Re: Getting rid of your timeshare (by R P.):
Here's how THEIR scam/bogus timeshare donation works (from their website):
You choose a title escrow closing company.
You deposit their fee (usually about $400) in their escrow account.
jayjay says: Any credible timeshare transfer closing/escrow company wouldn't touch this scam with a ten foot pole.
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****YOU DEPOSIT OUR $500 SERVICE FEE IN THEIR ESCROW ACCOUNT . ****
jayjay says: Doesn't look like you're a non-profit organization to me .... $500 service fee ?????
. ****Only after the deed is in our name and you are FREE do they send the deed and our fee to us.
jayjay says: Who's name is that?
• We send you a fully legal IRS donation receipt for $5,000.
jayjay says: Illegal .... why would a person give their timeshare to you and pay $900 in doing so if the timeshare is worth zero and face getting into deep trouble with the IRS ????? In other words the IRS donation receipt for $5000 is bogus and the IRS will catch up to you and the socalled donor eventually .... I can guarantee you that.
. We are a non-profit charity.
jayjay says: Yeah right, and I'm Santa Claus.
• We don't resell your timeshare.
jayjay says: They let the timeshare go into foreclosure for nonpayment of maintenance fees HOWEVER the timeshare will never be transferred into another entity's name .... the timeshare will still be in the owner's name and the owner will still be responsible for all future maintenance fees
• We don't use or even rent your timeshare.
jayjay says: How can you when it will go into foreclosure???
• We hold title in our name for 36 months before we offer it back to the resort.
jayjay says: And in that 36 months you will not pay the maintenance fees and the timeshare resort will go into foreclosure.
• The resort send their bills to us, just like you.
jayjay says: Who is us and what exactly do you pay? Ah, you answered my question below.
• We don't pay them, just like you can.
jayjay says: Now we're getting to the nitty gritty of just how you say your scam works.... you don't pay them any future maintenance fees so you don't care if the timeshare goes into foreclosure ... to hell with all the other owners that do pay.
• The resort sends us to collection and ruins our credit, just like you.
We don't use credit so we don't care.
jayjay says: It's evident that you don't care and that you have zero scruples/integrity as a human being .... all you do is force all paying owners of the resort to take up the slack via your scam.
• Without selling it we get nothing in the deal.
jayjay says: You get $500 .... liar.
• We accept a $500 cash donation from you to do this service.
jayjay says: BS personified.
• You're FREE. We get $500. The resort complains and gets title back in 36 months.
jayjay says: No, the owner it NOT free .... like I said he/she will more than likely still own the timeshare and will be notified when the resort sends out yearly maintenance fee bills.
• The IRS says you get a full $5,000 donation credit if we keep it for 36 months and if you're in a 25% tax bracket you'll get $1,250 back as a tax refund.
jayjay says: One more time this is illegal .... they can't get credit for a donation that's worth nothing .... you're setting up any future clients that may be buying into your BS with getting into deep s--t with the IRS.