timeshare relief

Does anyone know anything on this company , how they work any information would be great.

They ask you to pay them in the neighborhood of $3000 to take your timeshare off your hands. You can read more about them via the 'search forums' feature here.

Thats a laugh isnt it????

ellensue wrote:

Thats a laugh isnt it????

You'd think so, but the fact is that there are apparently enough people so desperate to get rid of a timeshare that they will actually take this ridiculous approach. However, all mainenace fees must be completely up to date, with no other unpaid back bills of any kind --- BEFORE someone can even exercise the great privilege of PAYING $2,500 --$3,000 to give the timeshare away! It sounds crazy, but these so-called "PostCard Companies" somehow live on --- and evidently continue to thrive.

Oh boy im current on all would even give it away as long as they pay the closing fees etc we have a house in florida so we really dont need this anymore, we have gone every year to hollywood beach towers in fact just got back but would like not to have it anymore.

ellensue states in part: >> I'm current on all would even give it away as long as they pay the closing fees etc<< =================================================

I don't know your facility at all, but I see in the exchange company directory that it is "unrated", has only 1BR sized units --- and that it doesn't take many RCI points to stay there for a full week, even in prime Florida time periods. These facts collectively indicate that this is not at all a very valuable commodity in the timeshare marketplace; you might very well HAVE to just about give it away to part company with it in the current economic climate.

You might want to consider placing an eBay auction listing clearly indicating "no reserve" (no minimum). Also, If you join Timeshare Users Group (which costs less than $15 for a years' membership) you could then list your week for $1.00 (at no cost to you, if you are a TUG member) in the "bargain basement" section of the "marketplace ads" there. You can also put a listing on Bidshares (at no cost at all to you), clearly indicating a $1 minimum, buyer pays closing costs. In any event, however, YOU have to make some personal effort in order to gain some useful exposure. Don't rely on (or pay) ANY other resale entities or resale companies who don't actually care whether you ever succeed in selling or not, regardless of price, since they really only want your "upfront fee" money in the first place. Good luck.

ken1193 wrote:

ellensue states in part: >> I'm current on all would even give it away as long as they pay the closing fees etc<< =================================================

I don't know your facility at all, but I see in the exchange company directory that it is "unrated", has only 1BR sized units --- and that it doesn't take many RCI points to stay there for a full week, even in prime Florida time periods. These facts collectively indicate that this is not at all a very valuable commodity in the timeshare marketplace; you might very well HAVE to just about give it away to part company with it in the current economic climate.

If it's an unrated resort with 1 bedroom units only, then it's a possibility that you can't even give it away, but it wouldn't hurt to try. However, it states that it has a beach (so I'm assuming it's beachfront), so that's one positive going for you.

ellensue states in part: >> i would give it away as a matter of fact.<< ================================================== Whether you advertise to give it away / sell it for just $1.00 (you may well have to do exactly that), be sure to make clear and specific reference to the allowed usage period (i.e., annual fixed week vs. floating week and, if a floating week, any applicable reservation restrictions or "blackout" periods imposed by the facility). You can advertise on Bidshares and Craigslist for free. If you join Timeshare Users Group (more commonly known as TUG; membership is less than $15 for one year) you can advertise in the "bargain basement" ads there for free also (but only as a paid member). There is always eBay too (which is not free). One way or another, in order to "move" it you've got to advertise it (...but RedWeek doesn't allow advertising in these discussion forums --- only via paid ads). Good luck.

ive posted redweek and the bidshares and also went to the cancer foundation to donate waiting to hear on that. will do craigs list also but as far as redweek goes and TUG if someone has to pay for the service to see what is out there I know i wouldnt do so so that maybe a waste of time.

ellensue wrote:

ive posted redweek and the bidshares and also went to the cancer foundation to donate waiting to hear on that. will do craigs list also but as far as redweek goes and TUG if someone has to pay for the service to see what is out there I know i wouldnt do so so that maybe a waste of time.

I think your logic might be "penny wise and pound foolish", but it's certainly your choice whether or not to spend a mere $15.00 to advertise. However, I honestly don't think you should hold out much hope for the donation avenue. A charity is only going to accept a timeshare donation if they are reasonably sure that it's a week they can turn it into cash --- quickly. With all due respect, I don't think that your particular timeshare likely has very much cash value, so be prepared for the charity to just promptly say "no thank you". I'd be delighted to be wrong though. Good luck in any case...

Its not the 15.00 gladly would do that in a heartbeat but do u think people that havwe to pay just to look for a timeshare to buy will pay a fee?

ellensue wrote:

Its not the 15.00 gladly would do that in a heartbeat but do u think people that havwe to pay just to look for a timeshare to buy will pay a fee?

It's my own belief that very few people actually set out "to look for a timeshare to buy", as you put it. Instead, I believe that because of the many complexities and assorted "points" programs exisiting in timeshares today, smart people (some of them potentially buyers) first go out of their way to join groups like RedWeek and TUG. They do so to get better educated by "tapping into" the many years of knowledge and experience of timeshare experts and owners participating in the forums there. I think that reviewing ads is really just a side benefit --- not a primary objective. In any event, advertise wherever you choose; I've given you all the input and info I possibly can. Oh yeah --- you're welcome...

The people that peruse Redweek for timeshare sales and rentals are serious lookers, not tire kickers and spammers. Redweek protects their clients from those by charging a fee in order to email private owners ... it's for the owner's protection. Also, when one joins Redweek, Redweek then has all information necessary should any problems arise with a transaction.

I do thank you for your help and u have been a big help to me sorry didnt say it to you before. Ive now advertised for 10.00 on redweek, craigs list, bidshares, and waiting to do so on TUG paid thru paypal and have to wait for them to get back with me. So you see you have helped me and I thank you!

The people on this forum are right. You pay them a few thousand dollars to take your timeshare from you. You basically give them your timeshare and pay their marketing expense to sell it to someone else. Unfortunately they keep your money and the buyers money. How can you not laugh at that? It does give me an idea though.

*****joke*****

Today only I will give everyone on RedWeek the opportunity to pay me $300 to give me their assests! Any takers? I am patiently holding my breath awaiting all the responces!

*****joke*****

vacationt wrote:

The people on this forum are right. You pay them a few thousand dollars to take your timeshare from you. You basically give them your timeshare and pay their marketing expense to sell it to someone else. Unfortunately they keep your money and the buyers money. How can you not laugh at that? It does give me an idea though.

*****joke*****

Today only I will give everyone on RedWeek the opportunity to pay me $300 to give me their assests! Any takers? I am patiently holding my breath awaiting all the responces!

*****joke*****

You'd be surprised at all the takers they get ..... people who just want to get out from under maintenance fees. The vast majority of $1 timeshares on Ebay are from this type of service (you PAY THEM 3K+ to take your timeshare and they turn around and put it on Ebay for $1).

I didnt ues them Im using Florida Vetreans Association.