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Re: Getting rid of your timeshare (by Tam M.):
drk14 wrote:Don't be fooled again! First by scammer such as drk14 followed by the title/escrow company. Yes, many of these title companies are truly above board, however, if you do some research, you will find that many are associated with the companies charging you upfront fees. I have done some homework on the title/escrow companies (corporate searches with the Secretary of State and such) and it will open your eyes to even more corrupt practices.christine514 wrote:The escrow was handled by Resort Closing Inc in Montana. Believe me I was very nervous paying this fee up front, but had come to the conclusion (after months of trying all the other options, giving it away, selling etc which were unsuccesssful) that this was the only way forward.The most secure way to handle any real estate transaction is through a title escrow company. You found that having to pay up front to a title escrow company is a reasonable business practice when dealing with real estate (deeded timeshares). In fact, I've even explained the Resort Closing, Inc. is one of two companies listed on our site for people to use, but they always have a choice of selecting their own escrow company they feel they can trust to hold their funds until the deed is actually filed and out of their name. Why do some people continue to spout ignorance and refuse to even check this out? Call Resort Closing, Inc. about us and what they do.
I wonder if those people rant and rave against Donate for a Cause for doing exactly the same thing but charging even more? I understand they are up to almost $2,400 now. And other large charities are finding that what we've been doing for several years works so they've begun doing it too. Call them and ask them what they do with the timeshare for the next 36 months. After all, that's the donor's window of risk based on IRS law. Its been explained earlier in this thread. I would think that knowing in advance what the charity will do with the deed should be of great concern to the donor.
Because we work with and, in a sense, for the donor, we make it plain we are not about to continue supporting resorts that use unethical and possibly illegal claims and statements to defraud buyers of their money in the sale process. Like others here, the claim of scam depends on your perspective. Having been "scammed" by the resorts in the past, I find nothing wrong with using the law to the donor's benefit instead of the other way around.