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Re: Nationwide Transfer Ozark (by Lucas L.):

Here's my experience. I was suckered by Wyndham as they lied in selling us the timeshare. We never could get make use of our points where we wanted to unlike what the salesman told us. We were at Disney using our 1st vacation and Wyndham screwed up our number of nights stay from 4 to 3. I tried calling and asking to use my points for another night and they told me "no", there are no vacancies. BS! There were all sorts of vacancies at Bonnet Creek. They also rent your time slots out to anyone via travel sites and book them so you can't get any time slots. They are a scam and liars! Don't buy ANY timeshares. They will ruin you!

Then Nationwide called us and we did finally get out of the timeshare after 10 months but not without turmoil.... Their sales staff lied about certain specifics 1) Even though they send letters to credit agencies, they don't help as your credit will be ruined... mine is now. They instructed me to stop making my payments and the end result was a Deed in Lieu of Foreclosure on my remaining balance. A huge ding on my credit scores. They lied. 2) I asked about Tax liability once the timeshare is transfered (with a mortgage) and they told me that we would not spend another penny after the upfront fees $4500. They lied. Wyndham will send a 1099 on any remaining balance owed and you will have to file it with IRS as income.... so... how do I come out ahead on this if I have to write the Freakin IRS a huge income tax check for something I just paid to get rid of? They lied!

The only way this works in your favor is if you want out of the timeshare and don't owe anything on it. Nationwide Transfer will eventually get it out of your name but they convince the crooked timeshare company to take it back with Deed going back to timeshare company, and not corporations who buy the timeshares. That was a lie also given by Nationwide. Corps are NOT buying these timeshare properties, they have figured out the loop hole to make timeshare company take it back for dishonest sales practices and they are both making money on the owners getting out. If they pay the lawyers $400 for their fees, then who gets the other $4000 I paid? If the 1099 tax liability wasn't a factor, I would have been more happy with the deal with Nationwide. I ask the question about it and they lied to me. That's dishonesty no matter how you look at it.